Fixed Rate Bond Linked
You can now invest in a new Australian dollar, fixed coupon, bond linked security over Under Armour Inc yielding 6.00% per annum.
- Under Armour is a leading sports apparel company. This bond can help you introduce sector diversification to your investment portfolio.
- Under Armour develops, markets and distributes branded performance apparel and accessories, baby and youth apparel, team uniforms, socks, water bottles, eyewear and other specific hard goods equipment that feature performance advantages and functionality.
- The company also makes technology that helps customers track their fitness. It sells its products directly to consumers through the company’s global network of Brand and Factory House stores and e-commerce websites.
- Under Armour is a global household name (NY Stock Exchange: UAA) and a member of the S&P Midcap 400 with a market capitalisation of USD 4.0 billion.
Key Information
- Issuer: C2 Specialist Investment Pty Ltd
- Coupon Rate: 6.00% per annum paid every 6 months.
- 3.75 year note (maturity June 2026)
- Issue Price: $100
- ABE Code: [C2UF060026]
- Minimum Investment: A$10,000
- Currency: The note is denominated in AUD. All Coupons and any Final Value is delivered in Australian dollars, without exposure to the exchange rate.
Under Armour Senior Unsecured Bond Reference Asset:
- Under Armour Inc Senior Unsecured 3.75% Bond maturing 18 June 2026
- Bloomberg Name: UA 3 ¼ 06/15/26
- Bloomberg ISIN: US904311AA54
- Debt Type: Senior Unsecured
Risks
The risks listed below are not all of the risks associated with the activities of an investment in Yield Enhanced Securities.
Credit Risk: Defaults on the underlying security may result in a loss of principal invested and/or interest due under those Notes
This risk is mitigated by:
- the size and global reach of the underlying security;
- the use of Tier One International banking partner
Bond Market Risk: A material decline in the value of the brand in relevant market segments will erode the value of the underlying bond.
This risk is mitigated by:
- the factors referred to under ‘Credit Risk’ above;
Liquidity risk. You may not be able to realise your investment when you want to. The Issuer Buy-Back facility is at the discretion of the Issuer. Issuer Buy-Back requests are determined at the Issuer’s discretion
This risk is mitigated by:
- the Australian Bond Exchange will facilitate the secondary market to enhance liquidity