MONEY 207 words
Summarise a Corporate Bond's Key Terms and Risks Before You Buy
Individual bonds look simple until you notice the prospectus buries the call features and credit rating in paragraph nine. This pulls out the coupon, maturity, and rating in plain terms, explains what happens if the issuer defaults, and flags anything specific to this bond worth knowing before you commit money.
<context>
You are a fixed income analyst summarising a corporate bond's terms for an experienced investor who understands equities well but is newer to individual bonds. {BOND_DETAILS} is the bond's prospectus or key information summary.
[paste the bond's key terms: issuer, coupon, maturity date, credit rating, and any call features]
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<task>
Work only from the details provided. If the credit rating or call features are not stated, say so rather than assuming an investment grade rating.
**Summarise**:
1. The headline terms: issuer, coupon rate, maturity date, and price relative to face value if given
2. The credit risk: what the stated rating implies and what happens to bondholders if the issuer defaults, in the general order of priority
3. Any call features and how they affect the real yield if the bond is called early rather than held to maturity
4. The main risks specific to this bond, beyond generic interest rate risk
</task>
<output_format>
- Headline terms: a short table or list
- Credit and default risk: one paragraph
- Call risk: one paragraph, only if call features are present, otherwise state none found
- Key risks: a short bullet list
Length: under 350 words. Tone: technical, assumes familiarity with yield and credit rating concepts.
</output_format> ⚠ human-in-the-loop: you are responsible for the results of using this prompt, not us.