Bitget has rolled out the third round of its Fixed Coupon Note (FCN) product, giving users a way to buy US stocks at a 15% discount to the closing price. The idea is simple: let investors get in cheaper when the market is sliding.
Underlying Assets and Reference APR
This third FCN is tied to two US stocks: Intel (INTC) and Tesla (TSLA). For Intel, the reference annual percentage rate (APR) sits between 18% and 21%; for Tesla, it comes in at 12% to 14.6%. Users can subscribe with USDT and pick the stock they want as the underlying asset. The subscription window closes on September 3, 2026, at 16:00 UTC+8. Capacity is limited. First come, first served.
Product Mechanism and Settlement Rules
Bitget’s FCN is a structured product. The strike price is set by taking the closing price of the underlying stock on the subscription end date and multiplying it by the discount rate (85%). At maturity, if the observation price is not lower than the strike price, users get back their USDT principal along with fixed interest. But if the observation price drops below the strike price, the principal is turned into the matching rToken (a tokenized version of the stock) at the strike price, and the fixed interest is still paid. So even in a bearish case, users still collect interest and end up holding the underlying asset, which could benefit if the price rebounds later.
Cashback Campaign
And Bitget’s limited-time cashback campaign is still running. Users who hit certain cumulative subscription amount thresholds will get the matching cashback rewards, with a maximum of 10,000 USDT per person. The campaign lasts until September 18, 2026. More details are available on Bitget’s official platform.