Bonus Certificate
advancedbonusbarrierparticipation
Participate in upside with a minimum guaranteed bonus return, as long as the underlying stays above the barrier level.
Parameters
70%
40%95%
110%
100%150%
100%
50%200%
Payoff at Expiry
ProfitLoss
100%
30%170%
Payoff
110.0%
P&L
+10.0%
Return
+10.0%
Barrier
INTACTBonus
EARNEDScenario Analysis
How Bonus Certificates Work
The barrier is set below the initial price. The bonus level is set above. Three distinct payoff regions:
ABOVE BONUS LEVEL
Full participation in the upside beyond the bonus level.
BETWEEN BARRIER AND BONUS (Barrier Intact)
Receive the bonus amount as a minimum guaranteed return.
BELOW BARRIER (Barrier Breached)
Bonus forfeited. 1:1 exposure to the underlying — investor bears the full loss.
Structurer Variables (Section 6.6.3)
- Participation/Cap level — lowering reduces cost, enables higher bonus
- Bonus level — the minimum guaranteed return if barrier intact
- Barrier level — the knock-out trigger below initial
- Maturity — longer maturity = higher risk but potentially higher bonus
Key Risks
- Loss equivalent to the negative performance if barrier breached
- Investor surrenders dividends of the underlying
- Issuer credit risk