Contingent Convertibles (CoCos): Trigger Points
Interactive

Contingent Convertibles (CoCos): Trigger Points

Intuition Publishing
Updated Sep 24, 2020

Contingent Convertibles (CoCos) have triggers that will cause them to convert automatically to common stock or to be written down. Here we investigate the more commonly used triggers; the accounting trigger, the market trigger, the regulatory trigger, and the multiple trigger.