Source: Business Insider
Private Swiss bank Julius Baer Group is selling structured notes that strictly hinge on the outcome of the upcoming US presidential election, Bloomberg reported Tuesday. The firm is offering up to $40 million worth of notes tied to two baskets of American stocks. The “Democrat Victory” note is tied to Ford , Home Depot , and Walmart , among other companies. The “Republican Victory” note is tied to tech and finance stocks, including Amazon , Facebook , and Visa . Visit the Business Insider homepage for more stories . A Swiss bank is selling structured notes that strictly hinge on the outcome of the 2020 US presidential election, Bloomberg reported Tuesday. Julius Baer Group is offering up to $40 million of notes tied to two baskets of American stocks. The vehicles are meant to profit should their corresponding political party take the White House in 2020. The bank’s structured notes mature in one year, and holders will be paid the performance of the included stocks on the maturation date, Bloomberg reported.
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