NYSE Euronext today celebrates the listing of Factor Certificates and Reverse Exchangeable Notes issued by Commerzbank. With this issue, Commerzbank reinforces its offering for trading on NYSE Euronext Brussels by adding 40 Factor Certificates and 27 Reverse Exchangeable Notes on 20 of the largest Belgian and Dutch stocks.
Factor Certificates offer on-exchange leverage participation to the daily performance of a specific underlying with a pre-defined fixed leverage and no maturity. Several fixed leverage levels are available allowing investors to select the leverage level corresponding to their individual risk profile.
Reverse Exchangeable Notes offer investors a relatively high coupon, no matter what the movement of the underlying is. At maturity, investors will receive either 100% of the par value or, if the stock value falls, a predetermined number of shares of the underlying stock
Vincent van Dessel, CEO of NYSE Euronext Brussels commented: “The enlargement of the offer with Factor Certificates and Reverse Exchangeable Notes allows experienced investors to have access to a wider diversity of products. These Certificates and Notes are available within a well defined regulated environment, supported by a leading technology and innovative market model that deliver superior price discovery, liquidity and transparency as well as the safety of central clearing and settlement.”
Neelie Verlinden, Responsible for the Dutch and Belgian Market, Derivatives Public Distribution at Commerzbank added: “Commerzbank is pleased to introduce a new generation of leverage products to Belgian investors. With Factor Certificates investors can benefit from a fixed leverage without having the risk of a deactivation. For investors that are looking for a more long term investment, Commerzbank introduces Reverse Exchangeable Notes, products that offer a guaranteed coupon and a protection level at maturity."