Bonds Enabling Annual Retirement Savings (BEARS)

 

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Bonds Enabling Annual Retirement Savings (BEARS)

Holders of BEARS receive the face value of bonds underlying call option, which are exercised by CUBS (an acronym for Calls Underwritten by Swanbrook). If the calls are exercised by CUBS, BEARS holders receive the total of the exercise price.



Bonds Enabling Annual Retirement Savings (BEARS)

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