A Bonus Cap is a product designed to outperform an underlying index, stock or basket in moderately rising or moderately falling markets. The payout is the maximum between a fixed payout (called bonus level) and the underlying level up to a cap level, provided that the stock or index is above the protection level at the final observation date (or during the observation period). If the Protection Barrier will be reached, the product will pay the minimum between the Cap Level and the underlying level. This template also models Bonus Certificates and Outperformance Conditional Protected
Observation Dates Payouts
Final Payout - Double Barrier
|Has Double Barrier||If enabled the final payout is linked to the underlying performance subject to the specified double barrier.
|Barrier Level 2||Defines the threshold for the Bonus 2. If the performance of the underlying calculated at Last Observation Date is higher than the Barrier Level 2 but below the Barrier Level 1 the investor will receive a reward equal to the Bonus Level 2 (up to the Cap Level 2)
|Bonus Level 2||If the underlying level is above the barrier level 2 but below the barrier level 1 at maturity the product will pay the bonus level 2 (up to an optional cap level).
|Has Cap 2||If enabled the final payout is linked to the underlying performance subject to the specified cap.
|Cap Level 2||Cap 2 at which the final payout is subject.