Investors that are seeking differentiated exposure to bitcoin rather than just long-only bets can now do so for the first time through Leonteq’s pioneering exchange-listed structured product.
The reverse convertible on bitcoin is listed on the SIX Swiss Exchange for investors that wish to have a rather sideways trending to slightly positive view on the cryptocurrency. According to the Leonteq, the note provides yield and principal protection should its value stay above a specific strike price but will participate in the negative performance below this level.
«Leonteq is once again asserting itself as an innovative provider of structured products,» said David Schmid, head of investment solutions at Leonteq. «We are very excited to launch another world first for our clients in the area of cryptocurrencies, demonstrating our ambition to become the leading marketplace for structured investment solutions.»
Crypto-Linked Structured Product Leader
Reverse convertible notes are a very popular yield enchain structured product typically linked to a single or basket of equities. Leonteq is a pioneer and leader in expanding the product universe to include cryptocurrencies as underlying assets.
In addition to bitcoin, the firm also has various other exchanged-listed tracker certificates and actively managed certificates with exposure to Ether, Bitcoin Cash, Litecoin and Ripple on SIX Swiss Exchange.
