{"iri":"https://folio.openlegalstandard.org/R81AjI6Cj78XQdjfAegKrBu","label":"Bonus Certificate","sub_class_of":["https://folio.openlegalstandard.org/R2Kr3kWHR9cR4zALXqt1nM"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Structured Note","alternative_labels":["Bonus Note","Structured Investment Product"],"translations":{},"hidden_label":null,"definition":"A Bonus Certificate, also known as a Structured Note, is a financial instrument that allows participation in the development of the underlying asset or assets with certain protective features. The minimum redemption value is equal to the nominal value, provided a specified barrier has not been breached; if the barrier is breached, the product converts into a tracker certificate. With greater risk, multiple underlying assets (worst-of) allow for a higher bonus level or lower barrier, offering reduced risk compared to a direct investment in the underlying assets.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}