U.K. Mips Goldman, Sachs’s variation on its Mips structure, tailored to maximize its advantages for the UK market in ways that the U.S. government wouldn’t allow. Grand Metropolitan Delaware (limited partnership) issued 20 million “preferred securities” paying quarterly dividends at $25, lending the proceeds to Grand Metropolitan plc via a perpetual, subordinated loan with the ...

U

U.K. Mips

Goldman, Sachs’s variation on its Mips structure, tailored to maximize its advantages for the UK market in ways that the U.S. government wouldn’t allow. Grand Metropolitan Delaware (limited partnership) issued 20 million “preferred securities” paying quarterly dividends at $25, lending the proceeds to Grand Metropolitan plc via a perpetual, subordinated loan with the seniority of preferred stock

Up-and-in Option

An option that pays off nothing, unless the underlying price rises to an upper barrier.

Up-and-out Option

An option that pays off as the corresponding ordinary option, unless the underlying price rises to an upper barrier.

Check Also

W

Warrant An option that a corporation issues, with its own shares as the underlying asset. The crucial implication is that exercise of the option changes the number of claims against the corporation’s assets. Thus, the pricing equations for Call (Put) Warrants and ordinary Call (Put) Options differ by the dilution (antidilution) effect. Empirically, warrants are ...