The London-based issuer is targeting investors seeking to get exposure to Bitcoin by extracting yield from the cryptocurrency’s volatility.
Marex Financial Products has rolled out the first ever autocallable notes linked to Bitcoin with downside protection to capitalise on increasing demand from institutional investors. The three-month maturity USD-denominated structured notes offer downside protection barriers set at 69%, 56% and 70% levels, respectively - using a European barrier style each note will deliver 50%, 25% and 35% pa at maturity as long as the price of bitcoin futures remain at the same or above their strike levels. &
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