When-Issued K-Deals^®

Our When-Issued (WI) K-Deal program offer investors a funded method to purchase certain K-Deal Certificates^® in advance of settlement, while earning a guaranteed coupon. When the referenced K-Deal settles, the WI Trust will replace the cash collateral with the newly issued K Certificates. Once K Certificates are placed into the WI Trust, investors may exchange the WI Trust Certificates for the underlying K Certificates of the related class. Learn more about our K-Deal program.

Program Resources

Program Overview

Certificate Exchange Process