COUPON-KO-SEP27
The Coca-Cola Company · September 2027
Multiplier 1.0847 · 5 distributions to maturity
- COUPON price
- $2.2129
- Implied payout
- $2.3400
- Implied yield
- 3.00%
- Underlying
- $74.62
- Open interest
- $453.4K
- Maturity
- 381 days
−1.91% 24h
per token to maturity
annualised
+0.42% 24h
$33.6K 24h volume
Sep 17, 2027
Indicative marks derived from the protocol curve model. Markers show the declared distribution and the settlement date.
Market information
Held in baskets
Distribution history
Declared amounts and the normalized factor applied to claims.
- $0.5297Ex Sep 15, 2026 · Pay Oct 1, 2026$0.5297 normalizedNormalized
- $0.5044Ex Jun 15, 2026 · Pay Jul 1, 2026$0.5044 normalizedSettled
Trailing distribution yield 2.84% across 64 consecutive quarters of non-decreasing declarations.
Corporate-action timeline
- Quarterly cash distribution declaredSep 15, 2026
Cash dividend · Issuer filing · Normalized
- Quarterly cash distribution settledJun 15, 2026
Cash dividend · Issuer filing · Settled
Indicative quote levels
Resting size around the current mark, in COUPON units.
- $2.224812.2K105.6K
- $2.22297.1K93.3K
- $2.220921.2K86.3K
- $2.218918.6K65.1K
- $2.216923.6K46.4K
- $2.214922.9K22.9K
- $2.210915.4K15.4K
- $2.20897.4K22.8K
- $2.20697.7K30.5K
- $2.204914.7K45.2K
- $2.202920.8K66.0K
- $2.201015.1K81.1K
Recent activity
All activityContract architecture
Strip engine
Escrows the Stock Token and mints exactly one CORE and one COUPON claim per unit of collateral.
Action oracle
Publishes the normalized distribution factor once two independent sources agree.
Market router
Prices COUPON against protocol-owned and external liquidity for a single maturity.
Settlement module
Redeems COUPON against the accrued amount and returns CORE to the Stock Token at maturity.
Deployed addresses are published in the developer documentation once the protocol contracts are live on Robinhood Chain.
Risk disclosures
- A Stock Token represents economic exposure. It does not confer shareholder rights or direct ownership of the underlying company.
- Implied payout is an expectation, not a commitment. A reduced or cancelled declaration lowers the amount a COUPON settles against.
- Corporate actions can pause settlement while sources are reconciled. Trading continues, but redemption is held.
- COUPON markets are thinner than the underlying Stock Token. Exit prices can differ materially from the indicative mark.
- Splits rescale claims without creating yield. Quantity and per-unit value change together.