Features
An autocallable, which is the abbreviation of "automatically callable", is a feature of an exotic option. This feature is often found in structured products with longer maturities. A product with an autocallable feature would be called prior to maturity by the issuer if the reference asset is at or above its initial level (or any other predetermined level) on a specified observation date. The investor would receive the principal amount of their investment plus a pre-determined premium (often paid out in the form of a coupon) and the autocallable product is said to be redeemed early. |
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