{"date":"2023-03-03T07:40","headerImageUrl":"https://structuredproducts-ch-pub-uat.leonteq.com/product-news/product-homepage-banner/geldpolitik-leonteq-structured-products-product+homepage+banner.jpg","subTitle":"Description and redemption table","windowTitle":"7.92% p.a. Reverse Convertible on CHF SARON 1Y","category":"investment-themes","title":"7.92% p.a. Reverse Convertible on CHF SARON 1Y","body":"<h3>What is the SARON?<\/h3>\n<p>The Swiss Average Rate Overnight, or SARON, is the reference interest rate for the Swiss franc. It reflects conditions on the secured money market and is thereby a reference for both concluded transactions and binding pricing. The SARON resulted from a reform process undertaken by the SNB together with the private sector starting in 2013. The clearing of SARON swaps began over five years ago. These are interest rate swaps between financial institutions Also in October 2017, the SARON was recommended by the National Working Group on Reference Rates in Swiss Francs, or NAG, as an alternative to CHF LIBOR. Finally, on December 31, 2021, after LIBOR was fixed for the last time, the era of SARON began.<\/p>\n<h3>Redemption at maturity:<\/h3>\n<div><ltq-table id=\"\" title=\"\"> <template v-slot:default=\"\">\n<thead>\n<tr>\n<th>Final Fixing:<\/br> <strong>CHF 1Y Saron<\/strong><\/th>\n<th>Redemption<\/br> <strong>excl. coupon<\/strong><\/th>\n<th>Redemption<\/br> <strong>incl.<\/strong> Coupon<\/th>\n<th>Comment<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>2.50%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>2.25%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>2.00%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>1.90%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>1.80%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>1.7865%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td>Current level<\/td>\n<\/tr>\n<tr>\n<td>1.78%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td>Initial fixing<\/td>\n<\/tr>\n<tr>\n<td>1.70%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>1.60%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>1.50%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>1.40%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>1.30%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>1.20%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>1.10%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>1.00%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>0.90%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>0.89%<\/td>\n<td>100.00%<\/td>\n<td>111.88%<\/td>\n<td>Strike price<\/td>\n<\/tr>\n<tr>\n<td>0.80%<\/td>\n<td>89.89%<\/td>\n<td>101.77%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>0.7943%<\/strong><\/td>\n<td><strong>88.12%<\/strong><\/td>\n<td><strong>100.00%<\/strong><\/td>\n<td><strong>Break-Even<\/strong><\/td>\n<\/tr>\n<tr>\n<td>0.70%<\/td>\n<td>78.65%<\/td>\n<td>90.53%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>0.60%<\/td>\n<td>67.42%<\/td>\n<td>79.30%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>0.50%<\/td>\n<td>56.18%<\/td>\n<td>68.06%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>0.40%<\/td>\n<td>44.94%<\/td>\n<td>56.82%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>0.30%<\/td>\n<td>33.71%<\/td>\n<td>45.59%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>0.20%<\/td>\n<td>22.47%<\/td>\n<td>34.35%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>0.10%<\/td>\n<td>11.24%<\/td>\n<td>23.12%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>0.00%<\/td>\n<td>0.00%<\/td>\n<td>11.88%<\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/template> <template v-slot:below=\"\"> <LtqCardBody><footer>Source: Leonteq<\/footer><footer>Historical data is not a reliable indicator of future performance.<\/footer><\/LtqCardBody> <\/template> <\/ltq-table><\/div>\n<h3>Reverse Convertible<\/h3>\n<div>  \n    \n    <SavedSearch :allProducts=\"false\" :filter=\"{&quot;partner&quot;:&quot;LEONTEQ&quot;,&quot;currencies&quot;:[],&quot;issuers&quot;:[],&quot;productCategories&quot;:[],&quot;productGroups&quot;:[],&quot;productTypes&quot;:[],&quot;maturityRangeKey&quot;:[],&quot;distanceToBarriers&quot;:[],&quot;barrierLevelRanges&quot;:[],&quot;strikeLevelRanges&quot;:[],&quot;underlyings&quot;:[],&quot;omni&quot;:&quot;\\&quot;CH1251798075\\&quot;&quot;,&quot;conditions&quot;:{&quot;+snapshot.product.secondary_market:true&quot;:false,&quot;&quot;:true,&quot;+snapshot.product.in_subscription:(\\&quot;LEONTEQ\\&quot;)&quot;:false,&quot;-_exists_:snapshot.product.in_subscription&quot;:false},&quot;underlyingSearchString&quot;:&quot;&quot;,&quot;marketVenues&quot;:[],&quot;assetClasses&quot;:[],&quot;barrierTypes&quot;:[],&quot;countrySpecificTitles&quot;:[],&quot;sortFields&quot;:[],&quot;displayColumns&quot;:[&quot;coupon&quot;,&quot;underlying&quot;,&quot;strikeLevel&quot;,&quot;currency&quot;,&quot;lastTradingDate&quot;,&quot;bidAsk&quot;,&quot;valor&quot;,&quot;documentLinks&quot;]}\">\n              <template v-slot:headerTitle>\n          <div>\n    <strong>Issuer: Leonteq Securities AG<\/strong><br />\n    <strong><a href=\"https://structuredproducts-ch.leonteq.com/services/know-how?language_id=3#tcm\">TCM-collateralized<\/a><\/strong>\n<\/div>\n        <\/template>\n                <\/SavedSearch>\n  <\/div>\n<div>      <p>We look forward to answering all of your questions about our products and how they are traded. Please don't hesitate to get in touch! Phone: <a href=\"tel:+41588001111\">058 800 11 11<\/a>, email <a href=\"mailto:info@leonteq.com\">info@leonteq.com<\/a> or <a href=\"/contact\" title=\"Contact\">contact us here<\/a>.\n<\/p>\n  <\/div>","url":"CHF-1Y-saron","investmentThemeVerticalImageUrl":"https://structuredproducts-ch-pub-uat.leonteq.com/product-news/sidenav-banner/geldpolitik-leonteq-structured-products-sidenav+banner.jpg","thumbnailUrl":"https://structuredproducts-ch-pub-uat.leonteq.com/product-news/thumbnail/geldpolitik-leonteq-structured-products-thumbnail.jpg"}