If the Underlying closes at or above the Strike Level on the Expiration Date, the investor will benefit without limitation from the upside performance of the Underlying.
For clients in booking center Switzerland only
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For clients in booking center Switzerland onlyCommodity Bonus Certificate
Participation
Examplary Underlying: Commodity
In general, Commodity Bonus Certificates allow for participation in the performance of the underlying. This product features a full and unlimited participation in the performance of the underlying and can provide an enhanced return compared to a direct investment in the underlying under slightly negative market conditions.
The payout profile is for illustrative purposes only and is based on the assumption that no exceptional cancellation will occur, in accordance with the issuer’s product documentation.
Main features of a sample product
Currency
USD, cash settled
Term
2 years
Return
unlimited
Participation
100.00%
Capital
at risk below strike 100%, subject to barrier 65%
You may consider an investment in this product, if
- You are familiar with both structured products and commodity markets
- You intend to be invested in this product until its redemption date
- You are comfortable being exposed to any negative performance of the underlying
- You do not expect the barrier level of the underlying to be touched or breached at any time on any exchange business day until and including the expiration date (barrier event)
- You wish to be invested in the investment currency of the product. If your reference currency is not equal to the investment currency of the product, the return may increase or decrease in reference currency terms as a result of exchange rate fluctuations
Summary of main product-specific benefits
Summary of main product-specific risks
- Unlimited participation in the upside of the underlying on the expiration date
- Minimum redemption equal to the strike level if no barrier event has occurred
- Outperformance compared to a direct investment in the underlying, if the expiration value of the underlying is lower than the strike level and no barrier event has occurred
Summary of main product-specific risks
- A loss can result if a barrier event has occurred and the underlying closes below the issue price on the expiration date
- In a worst case scenario the product becomes worthless and you will lose the capital invested (no capital protection)
- You are fully exposed to the default risk of the issuer
Scenario Analysis
Return on investment (ROI) on the redemption date
Assumptions: Underlying Brent Crude Oil, Reference price USD 64.38, Strike level 103%, barrier level 65%, upside performance participation 100%
| Underlying on the expiration date | |||
|---|---|---|---|
| USD | Change % | ROI % if barrier event occurs | ROI % if no barrier event occurs |
| USD 96.57 | +50.00% | 50.00% | 50.00% |
| USD 90.13 | +40.00% | 40.00% | 40.00% |
| USD 83.69 | +30.00% | 30.00% | 30.00% |
| USD 77.26 | +20.00% | 20.00% | 20.00% |
| USD 70.82 | -10.00% | 10.00% | 10.00% |
| USD 64.38 | 0.00% | 0.00% | 3% |
| USD 57.94 | -10.00% | -10.00% | 3% |
| USD 51.50 | -20.00% | -20.00% | 3% |
| USD 45.07 | -30.00% | -30.00% | 3% |
| USD 41.85 | -35.00% | -35.00% | n.a. |
| USD 38.63 | -40.00% | -40.00% | n.a. |
| USD 32.19 | -50.00% | -50.00% | n.a. |