According to Bloomberg, Marex Group sold a $10 million structured note to Swiss institutional clients, offering a 7% coupon if Nvidia is still the world’s most valuable company in one year.
Marex Group issued a $10 million bond-like structured note tied to Nvidia’s market-cap ranking over the next year, according to Bloomberg. Investors receive a 7% coupon if Nvidia remains the world’s most valuable company at the end of the one-year term; if that condition is not met, their principal is returned. The note was sold to Swiss institutional clients outside the U.S., adding issuance size and distribution details to the previously reported structure of the product.