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   Leveraged Reverse Floating Rate Note
   















 

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Leveraged Reverse Floating Rate Note

A structure similar to a reverse floating rate note except that the multiplier of the fixed rate in effect at the time the position is established is greater than two, and the floating reference index rate is multiplied by that multiplier less one to give a payoff to the reverse floating rate note that responds more than proportionately in reverse to changes in floating rates. See Floating Rate Note (FRN), Leveraged Derivatives Transaction (LDT), Reverse Floating Rate Note.

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