As long as the underlying does not trade at or below its respective barrier level at any time during the lifetime of the product and if the underlying on the expiration date closes above the strike level, you will benefit from the leveraged and unlimited upside performance of the underlying.
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Solo per clienti in BC CHCertificato Capped Bonus Outperformance su materie prime
Partecipazione
Examplary Underlying: Commodity
In general, Commodity Capped Outperformance Bonus Certificates allow you to have leveraged participation in the performance of the underlying and can provide an enhanced return compared to a direct investment in slightly negative market conditions. This is normally financed by a cap level, which leads to a maximum participation in the leveraged performance, however the product can also exclude the cap level under favorable.
Il profilo di distribuzione ha il solo scopo illustrativo e si basa sull’ipotesi che non si verifichi una cessazione eccezionale in base alla documentazione del prodotto dell’emittente.
Caratteristiche principali di un esempio di prodotto
Currency
USD, cash settled
Term
1 years
Return
limited by the Cap Level, Maximum Return 26%
Participation
130%
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
- Potential for leveraged participation in the underlying up to the cap level on the expiration date
- Enhanced returns compared to a direct investment in slightly negative markets
Summary of main product-specific risks
- Redemption linked to the performance of the underlying if a barrier event has occurred. In the worst case scenario, this product becomes worthless and the investor will lose all the invested capital.
- The return is under normal conditions limited by the cap level
- 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 100%, Cap level 120%, barrier level 65%, upside performance participation 130% (up to the cap level), Cap Level 120%, Maximum Return 26%
| Underlying on the expiration date |
ROI (redemption) if barrier event occurs | ROI (redemption) if barrier event does not occur | |
|---|---|---|---|
| USD | Chg % | ||
| 96.57 | +30.00% | 26.00% | 26.00% |
| 90.13 | +20.00% | 26.00% | 26.00% |
| 74.04 | +15.00% | 19.50% | 19.50% |
| 70.82 | +10.00% | 13.00% | 13.00% |
| 65.60 | +5.00% | 6.50% | 6.50% |
| 64.38 | 0.00% | 0.00% | 0% |
| 57.94 | -10.00% | -10.00% | 0% |
| 51.50 | -20.00% | -20.00% | 0% |
| 45.07 | -30.00% | -30.00% | 0% |
| 41.85 | -35.00% | -35.00% | n.a. |
| 38.63 | -40.00% | -40.00% | n.a. |
| 32.19 | -50.00% | -50.00% | n.a. |