bnbg

The reset date for these notes is Nov 2010. A holder may provide an exit notice and receive an exchange or repay ie get your money back.
Also the interest is paid in Nov and May each year calculated as Market rate + Margin = Interest Rate
Therefore Say market Rate = 5.7%
Margin 2.0% - 2.3%
Interest Rate 7.75 - 8%
Face Value of note $100
Days in Interest period 183
Divided by 365
Thats $3.86 - $4.01 approx.
At $22 per note thats an annual return of >36%

I recon these will jump in value before 15 Nov