Australian stock price riskless indexed note (ASPIRIN)

Definition

A fixed-income security that tracks common stock listings on the Australian Stock Exchange. The bond pays a coupon rate based upon the performance of the index. It carries a four-year maturity and pays zero coupon if the index fails to reach a predetermined level.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Australian Stock Exchange Austrian Schilling