UBS launches “Forziere svizzero” on Borsa Italiana
UBS has launched on Borsa Italiana EuroMOT and Eurotlx, Borsa Italiana’s bonds market, “Forziere svizzero”, a bond linked to the performance of Swiss blue chips Nestlè, Novartis and Roche.
The bond has a seven years duration and has been designed for investors that are looking to diversify their portfolio in volatile markets.
Nestlè, Novartis and Roche are the first three companies in the Swiss SMI Index, on which they account for 60%.
The bond has been available on the Italian market since June 20 and will pay a 1.5% coupon at the end of the first year. The minimum investment is CHF1200.