In the context of loans this refers to the difference in price from where the loan is purchased versus the par value (100) of a loan. For example a loan purchased with a 2% discount would be purchased at 98.

Investing in wiseAlpha Notes involves risks including potential illiquidity and loss of investment. Our Notes are not deposit based or capital protected and are not covered by the Financial Services Compensation Scheme.The interest rate on our products is not comparable to that of a bank savings account. See Risk Statement.

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