Equity Protection

Description

An Equity Protection Certificate is a product which partecipates to the positive performance of the underlying (index or stocks) up to an optional cap level. At maturity the capital can be completely or partially protected

Customizables Attributes

Contract Terms

First Observation (Strike Date) Date at which the underlying is observed and reference levels are set.
Last Observation The last observation date at which the underlying is observed. Product maturity is set a number of days following this date as specified by days to payout.
Days to payout Number of working days to the payment date from an Observation Date.
Issuer The name of entity issuing the security.
Issue Price Price at which the contract is issued at Issue Date.
Payout Currency The currency in which the contract pays.
Underlying Basket of indices or equities whose performance enters in the product's payout.
Payout Type Defines how underlying basket must be composed: it can be the Average or the Worst of the returns.
Custom Strike Levels Enter here the underlying fixing levels if different from underlying market close prices at strike date. Leave this field empty to use the closing market prices at the strike date,

Final Payout

Capital Protection If greater than zero represents the capital protection.
Participation Participation to the underlying performances (up to the optional cap).
Positive Performance Offset If true, the positive performance entering in the final payout is lowered by the complement to 100% of Capital Protection level.
Has Cap If enabled the final payout is linked to the underlying performance subject to the specified Cap.
Cap Level Cap at which the final payout is subject.