An "autocall bonus plus" is a feature of a structured product that matures early if one or more underlying assets reaches target levels at a predefined dates. Typically, if an autocallable event is triggered, investors will receive capital as well as a predefined coupon based on the performance of the underlying asset(s). An investment with an autocallable feature, which matures early and automatically if a set of predefined market conditions are met. In addition to the typical autocall payout, the investor will receive additional unconditional coupons called "plus", which are paid until early redemption is possible. If the product runs to maturity, the product will repay the greater between the "bonus level" and underlying price conditioned to being greater than the "payout threshold". Otherwise the product will repay the initial investment less any negative worst performing (or basket average) underlying measured over the term of the product. Finally the final payout can be subject to an optional cap
Autocall Bonus Plus
Observation Dates Payouts
|Barrier Level||The final bonus (or the partecipation to the underlying performance) will be paid if the underlying performance at maturity is greater than the provided level.
|Bonus Level||If the contract has not matured early and the underlying is above the Bonus Threshold, the product will pay at maturity the greater between the Bonus and the underlying price (up to an optional cap).
|Has Cap||If true the payout is subject to a cap.
|Cap Level||Cap to final payout.