Wednesday, February 3, 2010

Pinnacle and Jubilee Notes

The Minibond investors are able to get back a fairly satisfactory payback on their investments because the underlying asset has some value, in spite of the insolvency of the issuer Lehman Brothers.

In the case of the Jubilee and Pinnacle Notes, the values of the underlying assets has depreciated as Lehman Brothers was named as a reference entity or the designated number of entities have entered into a credit event. There is little hope of recovery from the underlying assets.

The issuers of these notes are still around. The investors can participate in a class action in the USA to see if there was wrong doing by the issuers. You should attend the seminar that is being organised in March. Click here.

Tan Kin Lian