anybody can explain what it below means?
939 HK + 2628 HK Callable Accrual
Underlying: 939 HK (China Construction Bank)
2628 HK (China Life Insurance Co.)
Call: 95%
Strike: 85%
Coupon: 20.00% p.a. (first coupon fixed)
Tenor: 2 Years
Frequency: Bi-monthly Call
Currency: USD
someone told me that this is structured product.
this one looks like product with options.
But I dunno how I read.
A basket of two stocks. Purchase call option priced with strike ( 85% of spot price??? ) . Coupon seems interests. Call is....
Please explain to me..
Thanx