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Seeking Alpha
17 days ago
CAIE: First ETF To Offer Exposure To Laddered Autocallables, But With Inherent Risks
Calamos US Eq Autocallable Income ETF offers retail investors access to autocallable notes, previously reserved for institutional investors, in an ETF format. CAIE provides a 14% distribution rate with a -40% downside buffer, using E-Mini S&P 500 futures as its reference index via a total return swap. Risks include principal at risk, limited upside, reinvestment risk, and mark-to-market volatility, especially during market downturns or risk-off events.