From Uridashi Dynamics To Abenomics

Technically, Uridashi is an autocallable with two barriers and tenors usually from three to five years. The lower barrier is usually struck between 50% to 70% of the initial spot and continuously observed, at which point investors sell the down-in puts to the issuers. The upper barrier is struck at 105%-110% of the initial spot, which is the knock-out or autocall level, observed discretely at every 6-month pre-determined observation dates.

  • 13 Sep 2013

Keith Law
Keith Law

By Keith Law, lead equity derivative strategist at Mariana Capital Markets Asia

Technically, Uridashi is an autocallable with two barriers and tenors usually from three to five years. The lower barrier is usually struck between 50% to 70% of the initial spot and ...

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