SRP analysed single stock-linked barrier autocalls issued in Asia and the distance to their knock-in barrier levels to assess the impact of the market correction at the beginning of August.
The global stock market meltdown on 5 August has pushed some single stock-linked barrier autocallables in Asia to move in the risk-sensitive zone of breaching the knock-in levels, SRP data analysis found. Out of 1,404 live single stock-linked autocallables that feature knock-in-protected put, SRP Asia Pacific database recorded, around one-third of which were less than 10% distance away from breaching their knock-in barriers based on the spot level of 5 August – the most sensitive zone to