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   Discrete Payoff Bull Note
   















 

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Discrete Payoff Bull Note

A high fixed rate note with repayment of principal at one of two levels: par or substantially less than par. The principal repayment depends on the level of a specified interest rate denominated in a currency other than the base currency of the note. The lower prepayment level may apply if the foreign rate rises (or falls) beyond an agreed level.

Glossary * D