Identification
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.
Class Relationships
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Parent Class Of 0
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Additional Information
Metadata
Comment
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Description
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Notes
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Editorial Information
History Note
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Editorial Note
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Deprecated
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Source and Origin
No source or origin information available