Index linked Debts

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Imported from previous forum

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Hi all,

I just wanted to know if there are debt instruments whose return is linked to the stock market in form of a stcok index like NASDAQ.This would mean that additional attributes have to be added in the system in such a case.Could anybody give a live example of such an instrument.

Thanks,
Deepak.

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> Hi all,
>
> I just wanted to know if there are debt instruments whose return is linked to the stock market in form of a stcok index like NASDAQ.This would mean that additional attributes have to be added in the system in such a case.Could anybody give a live example of such an instrument.
>
>
> Thanks,
> Deepak.
>
Deepak: not sure about such securities. On a matter of terminology in European Fixed Income "Index Linked" normally refers to bonds that are linked to an inflation index.

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[ original email was from Johnson Wu - johnson.wu@morganstanley.com ]
> > Hi all,
> >
> > I just wanted to know if there are debt instruments whose return is linked to the stock market in form of a stcok index like NASDAQ.This would mean that additional attributes have to be added in the system in such a case.Could anybody give a live example of such an instrument.
> >
> >
> > Thanks,
> > Deepak.
> >
> Deepak: not sure about such securities. On a matter of terminology in European Fixed Income "Index Linked" normally refers to bonds that are linked to an inflation index.
> there are a bunch of them, with names such as equity linked notes, high yield certificate, …etc. They are a hybrid product with equity/index options on a zero-coupon bond. Others circulated in market are convertible bonds, preferred shares, …etc.

Johnson.