Express Certificates


What are the Express Certificates

Express Certificates are financial instruments belonging to the category of Conditional Capital ProtectionThe term protection means the minimum percentage of invested capital that is returned at maturity. Certificates that allow for investment in a underlyingThe Underlying asset is the activity such as a share, stock index currency, commodity or any other real( e.g. raw materials) or financial asset( an exchange rate or interest rate) upon which the value and price of the Certificate is dependent. financial asset, such as a share, a share indexA share index is defined as the summary of the value of a basket of shares it represents. The movements of the index can be considered a good indication of the changes, over a period of time, in valuation of the securities included in the portfolio. There are several methods for calculating the indices, each dependent on the weighting given to the shares which make up the basket., a currencyThe currency is the money the value of a security is expressed in. The term Currency is used to mean the currency in circulation in a given country and which can be taken as a Reference Currency for securities issued in that country. In the banking terms, currency represents the day interest on a certain sum begins to accrue., a commodityThe term commodity essentially indicates a basic good such as, for example, metals, minerals, agriculture and livestock and other physical assets, on which investors can trade through the use of derivatives. or an interest rateThe interest rate measures the cost of a financing transaction and represents the compensation paid to the bank for the loan of a certain amount of money. It is expressed as a percentage and with reference to the year.. Their distinctive feature is that they can expire in advance, upon the occurrence of predetermined conditions, established at the time the CertificateThe Certificates are securitized financial instrument derivatives linked to the performance of an Underlying, whether, for example, shares, a stock index, a currency, a commodity or an interest rate. The Certificate are traded both on the SeDeX of the Italian Stock Exchange as well as on the EuroTL X multilateral trading facility. is issued, redeeming to the investor the issue priceThe Issue price is the price at which a share is offered on the Primary Market. It is determined by the Issuer (or the Placement consortium) in the case of placements for the public retail or for transactions reserved for Institutional Investors the price may be determined by an auction. as well as an additional amount. The protectionThe term protection means the minimum percentage of invested capital that is returned at maturity. of the issue priceThe Issue price is the price at which a share is offered on the Primary Market. It is determined by the Issuer (or the Placement consortium) in the case of placements for the public retail or for transactions reserved for Institutional Investors the price may be determined by an auction. of the CertificateThe Certificates are securitized financial instrument derivatives linked to the performance of an Underlying, whether, for example, shares, a stock index, a currency, a commodity or an interest rate. The Certificate are traded both on the SeDeX of the Italian Stock Exchange as well as on the EuroTL X multilateral trading facility. is subject to the failure of the underlyingThe Underlying asset is the activity such as a share, stock index currency, commodity or any other real( e.g. raw materials) or financial asset( an exchange rate or interest rate) upon which the value and price of the Certificate is dependent. asset to reach a certain value set at the time of issue. This threshold is called Barrier levelThe Barrier Level in a Certificate is the point at which the investor loses the capital protection of the certificate..

Maturity Date

Price in %

Distance to barrier {{ filterSettings['DistanceToBarrier'].Enabled ? 'Turn off' : 'Turn on' }}

Distance to next redemption barrier

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  ISIN
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Underlying
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Maturity
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Bid
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Ask
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Underlying
Price
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Barrier
Level
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Initial
Reference
Value
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Barrier
Distance %
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{{ product.ISIN }} {{ product["PrimaryUnderlying.Underlying.Name"] || '-' }} {{ product["MaturityDate"] || '-' }} {{ product["LatestQuotation.Bid"] || '-' }} {{ product["LatestQuotation.Ask"] || '-' }} {{ product["PrimaryUnderlying.Underlying.CloseQuotation.Close"] || '-' }} {{ product["PrimaryUnderlying.BarrierLevel"] || '-' }} {{ product["PrimaryUnderlying.InitialReferenceValue"] || '-' }} {{ product["PrimaryUnderlying.DistanceToBarrier"] || '-' }}
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Text modified: 16.04.2015 Powered by Six Telekurs