Your Market Expectations

You anticipate an increase of the Underlying until the Final Fixing Date and expect the volatility of the Underlying to increase as well. You would like to be protected against sharp price decreases of the Underlying at the Final Fixing Date.

Our Proposal

Investing in a Capital Protected Certificate without Cap allows you to participate unlimited in a price increase of the Underlying while being protected against price declines at maturity.

Description

Regardless of the Final Fixing Level of the Underlying the Investor receives the Denomination at the Redemption Date. The invested capital is thus 100% protected. If the Final Fixing Level of the Underlying is above the Initial Fixing Level, the Investor additionally benefits from the percentage increase of the Underlying, taking into account the participation factor.

Opportunity

You participate in price developments in the Underlying according to the Participation Rate whilst also being protected against losses below the Capital Protection Level.

Liquid secondary market on the SIX  

Risk

The issuer of the Certificate can quote below the Capital Protection Level depending on changes in the interest rates and other risk factors during the Product’s term.

The value of the investment does not only depend on the development of the Underlying, but also on the credit quality of the Issuer, which can change throughout the Product’s term.