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Xi Jinping 习近平 - President of the People's Republic of China

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Snowballs are exotic options that pay bond-like coupons as long as the stock index they reference stays within a predetermined range. The longer the investors hold the product, the bigger the return — like a rolling snowball. Similar offerings cost Natixis SA almost $300 million in 2018.

An estimated 330 billion yuan ($46 billion) of snowballs were outstanding as of November, according to UBS Securities Co.
 
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