As long as the underlying never trades at or above the barrier level at any time during the lifetime of the product, you participate at 100% in the positive performance of the underlying. Therefore, if the underlying closes slightly below (without touching) the barrier level, you will achieve the maximum return.
Pour les clients en BC CH uniquement
Recherche de produits structurés
Pour les clients en BC CH uniquementFX Certificat de Protection du Capital avec barrière
Protection du capital
Exemplary underlying: any FX currency pair
In general, FX Barrier Capital Protected Certificates (Dolphin CPN) let you participate in the positive performance of an underlying, as long as no barrier event occurs. The potential rebate payment partially compensates for the risk of not benefiting from participation in the underlying in bullish (or bearish) market conditions. Additionally, this FX Barrier Capital Protected Certificate offers full or partial capital protection by the issuer/guarantor on the redemption date.
Le profil de distribution est présenté à titre indicatif seulement et repose sur l'hypothèse qu'il n'y aura pas de résiliation exceptionnelle, conformément à la documentation de l'émetteur sur le produit.
Caractéristiques principales d'un exemple de produit
Currency
USD
Term
2 years
Return
100% of positive performance of underlying, up to barrier of 125%, 5% rebate in case of barrier event
Participation
100%
Capital
floor at 100%
You may consider an investment in this product, if
- You are familiar with both structured products and foreign exchange markets
- You intend to stay invested in this product until its redemption date
- You are comfortable that the capital protection applies on the redemption date only
- You do not expect the barrier level of the underlying to be touched or breached at any time 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
- Participation up to a certain barrier level
- Full capital protection on the redemption date
- Rebate payment partially compensates for the opportunity cost of not benefiting from a strong performance of the underlying
Summary of main product-specific risks
- Capital protection applies on the redemption date only
- No participation in the positive performance of the underlying in case of a barrier event
- You are fully exposed to the issuer's default risk
Scenario Analysis
Return on investment (ROI) on the redemption date
Assumptions: USD investment, Spot Reference 1.0000 CHF per 1 USD, strike level 100%, capital protection 100%, participation 100%, barrier level 125%, rebate 5% (View: positive on USD/CHF)
| Underlying on the expiration date |
ROI (redemption) if barrier event does not occur |
ROI (redemption) if barrier event occurs |
|
|---|---|---|---|
| USD/CHF | Chg % | ||
| 1.4000 | +40.00% | n.a | +5% (105%) |
| 1.3000 | +30.00% | n.a | +5% (105%) |
| 1.2000 | +20.00% | 16.67% (116.67%) | +5% (105%) |
| 1.1000 | +10.00% | 9.09% (109.09%) | +5% (105%) |
| 1.0000 | 0.00% | 0.00% (100%) | +5% (105%) |
| 0.9000 | -10.00% | 0.00% (100%) | +5% (105%) |
| 0.8000 | -20.00% | 0.00% (100%) | +5% (105%) |
| 0.7000 | -30.00% | 0.00% (100%) | +5% (105%) |
| 0.6000 | -40.00% | 0.00% (100%) | +5% (105%) |
| 0.5000 | -50.00% | 0.00% (100%) | +5% (105%) |