News for hackers. Stuff that matters.

A comment on Dow plunges 1000 points. Parent comment

Re:Dow plunges 1000 points by Hasz on Monday February 05, 2018 @05:40PM (#16312909)
Credit Suisse is not obligated too, but it's likely they will.
[ Parent | on HN ]
Re:Dow plunges 1000 points by marshray on Monday February 05, 2018 @06:09PM (#16313102)
Even if it's all by the contract, one would suppose an issuer would think very hard before doing that. It could taint their brand, their other leveraged ETFs, or even bring down more regulations.
[ Parent | on HN ]
Re:Dow plunges 1000 points by cm2187 on Monday February 05, 2018 @07:00PM (#16313390)
Barclays did that I think in 2011. Their ETN was badly designed, the termination event was based on an absolute $ price, not a % movement.
[ Parent | on HN ]