Your Market Expectations

• Underlying trades sideways to slightly higher
• Underlying will not fall below barrier

 Characteristics

• Invested capital plus predetermined coupon immediately paid out if underlying trading above strike price on appointed date.
• Designed to achieve fastest possible repayment together with attractive yield.
• (Partial) capital protection until knock-in reached.
• If product is based on a number of underlyings (multi-asset), higher coupons can be achieved but none of the underlyings may touch the knock-in.
• Risk lower than with direct investment, since there is partial protection up to knock-in.
• Foregone profits if underlying rises sharply