 | Bond outstanding face amount > $250MM |
| Maturity > 18 months as of bond selection date |
| Bond premium > 2% and < 150%, Bond premium = 100 * (Quoted Price - Parity) / Parity, Parity = Conversion Ratio * Closing stock price |
| Bond price > 20% face value < 200% face value |
| Bond converts into single underlier |
| |
| Bond not in default |
| Bond issuer and underlier must have primary equity listing on US exchange, should not be in default, must be up to date on public filings |
| Underlying stock market capitalization > $750MM |
| Share amounts of CVEX = Face amount of bond * Delta per $1 of bond |
| Share amount of CVEX rebalanced monthly |
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