Nikkei Put Warrants Bringing Innovation to the Retail Level.

Post on 13-Dec-2015

215 views 1 download

Tags:

Transcript of Nikkei Put Warrants Bringing Innovation to the Retail Level.

Nikkei Put Warrants

Bringing Innovation to the Retail Level

PENsS

CP

ER

S

BT

Cou

nte

rpar

ty

PE

FC

O

$5 mm

$5mm + Appreciation

1% Coupon Fixed Undisclosed Flow

AppreciationAppreciation

What happens to Tokyo Index?

Nikkei Put Warrants (Bringing innovation to retail)

Gol

dm

an S

ach

s

Opt

ion

Pre

miu

mA

t Beg

inni

ng

Cou

nte

rpar

ty

Flow

Dep

Dep

rici

atio

nA

t Mat

urityK

ingd

om o

f D

enm

ark

Pu

bli

c M

ark

et

Flow

Dep

Alternative PlanS

CP

ER

S

BT

PE

FC

O$5 mm

$5mm + App

1% Fixed

App

Flow

App

Gol

dm

an S

ach

s

PriceFlow

Dep DepKin

gdom

of

Den

mar

k

Pu

bli

c M

ark

et

Dynamic Hedge

Volatility

State of Connecticut Municipal Swap

Innovation to the State and Local Level

Yield Curve

Yield Curve

Yield Curve

Inconsistent Gap

Yield Curve