Identification
- Label (rdfs)
- Bonus Certificate
- Preferred Label
- Structured Note
- Alternative Labels
- Bonus Note, Structured Investment Product
- Identifier
- N/A
Definition and Examples
- 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.