Express certificate characteristics

Certificate group

The certificate type, here "Express".

Express certificates allow you to achieve high yields even in sideways markets. At the end of an observation period (for example, a quarter or year), the investors can receive the capital invested plus income before the maturity date. For this case, only one condition must be met: At this point, the underlying index or share should be at or above its starting point or not have touched a certain level. If this condition is not fulfilled in the first period, then the investor has a chance of early repayment in each of the following periods. The repayment amount increases in each period. The risk buffer of express certificates protects investors from price declines at maturity. If the index or the share declined during the total time to maturity and if no premature repayment was triggered, then the capital invested is partially or completely protected at maturity (depending on the structure of the certificate).

Certificate type

The certificate type.

The type is used to categorise express certificates more precisely, for example, "Express Relax" or "Express reverse".

Strike

The strike or exercise price of the certificate.

Barrier

The barrier of the certificate.

Distance to barrier (abs./rel.)

The absolute and relative distance to the security level of the certificate.

No. of observation dates

The number of observation dates of the certificate.

For example, an express certificate with a time to maturity of 4 years can have 4 valuation or observation dates at the end of each year.