※ [本文轉錄自 CFP 看板]
作者: JilSander (Doer brokenheart) 看板: CFP
標題: [問題] 請較高手們 這產品的利與弊 謝謝
時間: Sun Dec 10 02:09:26 2006
EURO MEDIUM TERM NOTE - CAPITAL GUARANTEED
CURRENCY: USD – MATURITY: 15 YEARS
CALLABLE CORRIDOR USD LIBOR 3M
Type Private Placement
Form Euro Medium Term Note
Issuer & Guarantor IXIS CIB (AA/Aa2/AA)
Currency USD
Nominal USD 3.100.000
Denomination USD 100.000
Secondary market USD 100.000 or 1 note minimum for early redemption
Trade Date 06th December 2006
Value date 03rd January 2007
Redemption date 03rd January 2022 (Subject to early redemption)
Issue price 100%
Redemption price 100%
Bonus Year 1 to 15: 7.75% * N/Ntot subject to accrual
provision
(Quarterly, 30/360, unadjusted)
Range Year 1 to 15: 0.00% - 7.00%
Business day New-York, London, TARGET
Business day convention Modified following, unadjusted.
Underlying Index 3 month LIBOR USD Observed on Telerate page T-3750 at 11:00 am
London time each day of the observation period
N Nb of Days in the quarter where the fixing of the 3M USD Libor is in
the following ranges (subject to Rate Cut-Off Provision)
Ntot Total number of days, for each period
Rate Cut-Off Provision: the fixing of the 3M USD Libor on Rate
Cut-Off Date will apply from Rate Cut-Off Date included to but
excluding the Coupon Payment Date.
Rate Cut-Off Date: 5 Business Days prior to Coupon Payment Date
For days the 3M USD Libor is not published, the fixing of the
following london Business Day will be used.
CALLABLE The product is callable by the issuer at par after 3 months
and on every coupon payment date thereafter with a notice
of 5 business days.
Warning:
An increase in the level of interest rates will have an adverse impact
on the mark-to-market value of the corridor note.
In case of significant swap rise, the expected coupon will be nil
and the note valuation on the secondary market will approach the
present value of 100%. The corridor notes are not highly liquid instruments.
There may exist a time when there is a lack of liquidity or low
trading volume in the market for the note, which could result in
a decrease of the market value of the note. Investors should be prepared
to hold this note until maturity should it not be called by the Issuer.
If the note is not held to maturity and the investor wishes to sell the note,
the investor may not receive the entire principal amount invested.
The price of the corridor notes can also be impacted by other market variables,
including, but not limited to swap volatility, shape of the swap yield curve
and the credit spread of the issuer.
The investor is not allowed to join the issue on the secondary market.
--
作者: JilSander (Doer brokenheart) 看板: CFP
標題: [問題] 請較高手們 這產品的利與弊 謝謝
時間: Sun Dec 10 02:09:26 2006
EURO MEDIUM TERM NOTE - CAPITAL GUARANTEED
CURRENCY: USD – MATURITY: 15 YEARS
CALLABLE CORRIDOR USD LIBOR 3M
Type Private Placement
Form Euro Medium Term Note
Issuer & Guarantor IXIS CIB (AA/Aa2/AA)
Currency USD
Nominal USD 3.100.000
Denomination USD 100.000
Secondary market USD 100.000 or 1 note minimum for early redemption
Trade Date 06th December 2006
Value date 03rd January 2007
Redemption date 03rd January 2022 (Subject to early redemption)
Issue price 100%
Redemption price 100%
Bonus Year 1 to 15: 7.75% * N/Ntot subject to accrual
provision
(Quarterly, 30/360, unadjusted)
Range Year 1 to 15: 0.00% - 7.00%
Business day New-York, London, TARGET
Business day convention Modified following, unadjusted.
Underlying Index 3 month LIBOR USD Observed on Telerate page T-3750 at 11:00 am
London time each day of the observation period
N Nb of Days in the quarter where the fixing of the 3M USD Libor is in
the following ranges (subject to Rate Cut-Off Provision)
Ntot Total number of days, for each period
Rate Cut-Off Provision: the fixing of the 3M USD Libor on Rate
Cut-Off Date will apply from Rate Cut-Off Date included to but
excluding the Coupon Payment Date.
Rate Cut-Off Date: 5 Business Days prior to Coupon Payment Date
For days the 3M USD Libor is not published, the fixing of the
following london Business Day will be used.
CALLABLE The product is callable by the issuer at par after 3 months
and on every coupon payment date thereafter with a notice
of 5 business days.
Warning:
An increase in the level of interest rates will have an adverse impact
on the mark-to-market value of the corridor note.
In case of significant swap rise, the expected coupon will be nil
and the note valuation on the secondary market will approach the
present value of 100%. The corridor notes are not highly liquid instruments.
There may exist a time when there is a lack of liquidity or low
trading volume in the market for the note, which could result in
a decrease of the market value of the note. Investors should be prepared
to hold this note until maturity should it not be called by the Issuer.
If the note is not held to maturity and the investor wishes to sell the note,
the investor may not receive the entire principal amount invested.
The price of the corridor notes can also be impacted by other market variables,
including, but not limited to swap volatility, shape of the swap yield curve
and the credit spread of the issuer.
The investor is not allowed to join the issue on the secondary market.
--
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