# Bonus Certificate

**IRI:** https://folio.openlegalstandard.org/R81AjI6Cj78XQdjfAegKrBu

## Labels

**Preferred Label:** Structured Note

**Alternative Labels:**

- Bonus Note
- Structured Investment Product

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R2Kr3kWHR9cR4zALXqt1nM

**Deprecated:** False