Method and system for exchangeable bundled option and no-principal debt securities

摘要

A bond comprises a coupon component that pays a periodic coupon during a first predetermined period of time until a maturity date of the coupon component without payment of any principal. The bond also comprises a call option component. The coupon and call option components are issued together in an initial issue of the bond. After the initial issue, the bond allows separation of the coupon component from the call option component and individual transfer of the coupon component and the call option component.