What is FCN in Hong Kong Finance?

<h1><strong>PART 1.1: WHAT IS FIXED COUPON NOTES (FCN)</strong></h1> <p>FCN is an equity-based structured note. They offer coupon payments to FCN holders,&nbsp;<strong>regardless&nbsp;</strong>of market conditions. Now, investors can either get their principal back in full plus coupons, or they are obligated to select the worst performing equity in a basket of equities plus the agreed coupon payments.</p> <h1><strong>PART 1.2: FCN STRUCTURE</strong></h1> <p>FCN has 10 elements: capital injection amount, coupon %, spot price, strike price, knock out (K.O.) price, strike %, knock out (K.O.) %, guaranteed period, start and expiry dates.</p> <p><a href="https://medium.com/@rubylauu/what-is-fcn-in-hong-kong-finance-062d2eaf2dd9"><strong>Website</strong></a></p>