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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.
 
Quantity Moody's Issuer Coupon Maturity Yield
Srl No S & P  Underlying Downside Protection Strike Price
100,000AA1BARCLAYS BANK8.750%11/5/20088.750%
1)AAMICROSOFT (MSFT)20TBD$100.000
100,000AA1BARCLAYS BANK12.250%11/5/200812.250%
2)AAMERRILL LYNCH (MER)30TBD$100.000
100,000AA1BARCLAYS BANK18.500%11/5/200818.500%
3)AAGARMIN LTD. (GRMN)40TBD$100.000
100,000AA1BARCLAYS BANK19.125%11/5/200819.125%
4)AAGENERAL MOTORS (GM)50TBD$100.000
100,000AA1BARCLAYS BANK11.000%5/6/200911.000%
5)AATARGET (TGT)30TBD$100.000
100,000AA1BARCLAYS BANK9.000%5/6/20099.000%
6)AACONOCOPHILLIPS20TBD$100.000
100,000AA1BARCLAYS BANK9.500%5/6/20099.500%
7)AABANK OF AMERICA (BAC)30TBD$100.000
100,000AA1BARCLAYS BANK10.000%5/6/200910.000%
8)AAAPPLE (AAPL)40TBD$100.000
 
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