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Reverse Convertible Securities:
A reverse convertible is a short-term investment linked to an
underlying stock. These securities offer individual investors a
predictable, steady stream of income due to the payment of a high
coupon. At maturity, the investor will receive either 100% of their
original investment amount or a predetermined number of shares of the
underlying stock, in addition to the stated coupon payment. If shares
of stock are delivered to the investor, their value will be less than
the original investment amount. It is important to note that the
investor's earning potential is limited to the security's stated coupon.
While many of our Reverse Convertibles appear on our web-site, some never get listed. If you would like us to call or email you with some of these bargains, simply CLICK THIS LINK.
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| Quantity |
Moody's |
Issuer |
Coupon |
Maturity |
Yield |
| Srl No |
S & P |
Underlying |
Downside Protection |
Strike |
Price |
| 100,000 | AA1 | BARCLAYS BANK | 8.750% | 11/5/2008 | 8.750% |
|---|
| 1) | AA | MICROSOFT (MSFT) | 20 | TBD | $100.000 |
|---|
| 100,000 | AA1 | BARCLAYS BANK | 12.250% | 11/5/2008 | 12.250% |
|---|
| 2) | AA | MERRILL LYNCH (MER) | 30 | TBD | $100.000 |
|---|
| 100,000 | AA1 | BARCLAYS BANK | 18.500% | 11/5/2008 | 18.500% |
|---|
| 3) | AA | GARMIN LTD. (GRMN) | 40 | TBD | $100.000 |
|---|
| 100,000 | AA1 | BARCLAYS BANK | 19.125% | 11/5/2008 | 19.125% |
|---|
| 4) | AA | GENERAL MOTORS (GM) | 50 | TBD | $100.000 |
|---|
| 100,000 | AA1 | BARCLAYS BANK | 11.000% | 5/6/2009 | 11.000% |
|---|
| 5) | AA | TARGET (TGT) | 30 | TBD | $100.000 |
|---|
| 100,000 | AA1 | BARCLAYS BANK | 9.000% | 5/6/2009 | 9.000% |
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| 6) | AA | CONOCOPHILLIPS | 20 | TBD | $100.000 |
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| 100,000 | AA1 | BARCLAYS BANK | 9.500% | 5/6/2009 | 9.500% |
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| 7) | AA | BANK OF AMERICA (BAC) | 30 | TBD | $100.000 |
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| 100,000 | AA1 | BARCLAYS BANK | 10.000% | 5/6/2009 | 10.000% |
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| 8) | AA | APPLE (AAPL) | 40 | TBD | $100.000 |
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