Leonteq is pitching to Swiss investors six new products linked to Lyft – the ride-hailing company which went public recently at a US$24 billion valuation.
The one-year product series is denominated in Swiss franc, US dollar and Euro and is comprised of six callable barrier reverse convertibles structures, three of which offer an average coupon of 16.47% pa with a barrier of 55% - an unusual pair between low barrier and high coupon for the Swiss market. The other three offer an average coupon of 12.53% with the strike standing at 80%. “We are very satisfied with the customer demand for these products,” said Simon Przibylla (pictured) ,
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