nikkei put warrants bringing innovation to the retail level

12
Nikkei Put Warrants Bringing Innovation to the Retail Level

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Page 1: Nikkei Put Warrants Bringing Innovation to the Retail Level

Nikkei Put Warrants

Bringing Innovation to the Retail Level

Page 2: Nikkei Put Warrants Bringing Innovation to the Retail Level

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$5 mm

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1% Coupon Fixed Undisclosed Flow

AppreciationAppreciation

What happens to Tokyo Index?

Page 3: Nikkei Put Warrants Bringing Innovation to the Retail Level

Nikkei Put Warrants (Bringing innovation to retail)

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Page 4: Nikkei Put Warrants Bringing Innovation to the Retail Level

Alternative PlanS

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Dynamic Hedge

Volatility

Page 5: Nikkei Put Warrants Bringing Innovation to the Retail Level
Page 6: Nikkei Put Warrants Bringing Innovation to the Retail Level

State of Connecticut Municipal Swap

Innovation to the State and Local Level

Page 7: Nikkei Put Warrants Bringing Innovation to the Retail Level
Page 8: Nikkei Put Warrants Bringing Innovation to the Retail Level

Yield Curve

Page 9: Nikkei Put Warrants Bringing Innovation to the Retail Level

Yield Curve

Page 10: Nikkei Put Warrants Bringing Innovation to the Retail Level

Yield Curve

Page 11: Nikkei Put Warrants Bringing Innovation to the Retail Level

Inconsistent Gap

Page 12: Nikkei Put Warrants Bringing Innovation to the Retail Level

Yield Curve