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Coupon Indexed Note
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Coupon Indexed Note
A variable rate note with the periodic
coupon
dependent on the performance of an embedded equity,
currency
,
interest
rate or
commodity
index
option. One variation is called a
Stock Market Annual Reset Term (SMART) Note
. Also called
Multi-period Strike Reset Option (MSRO)
. See also Commodity Interest- Indexed Note,
Cliquet Option
(1) (diagram).
Glossary
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