Swiss investment bank UBS has issued a continuous rolling share bond certificate. Open End Certificate on the UBS Rolling Aktienanleihe Index invests in monthly zero bond coupons and put options on the Eurostoxx50 in order to pay monthly coupons valued at the current ECB rate plus 3%.
UBS director Marcel Langer expects the product to be a success even though its subscription period has only just begun, on May 19 and running until June 18. The product is being distributed in Germany, Austria and Luxembourg.
This product is available now in Recent Additions (Austria and Germany).