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Twin-Win Certificate

A structured product (structured certificate) that allows the holder a positive participation to the downside of the underlying stock or asset. It...

Structured Product

A financial instrument that combines at least one derivative contract with underlying assets such as stocks and fixed-income securities. It is a hybrid instrument that...

Discount Certificate

A structured product that gives the holder an opportunity to buy an underlying asset at less than market price (i.e., with a discount)....

Non-Principal Protected Autocallable Equity Linked Structured Product

An equity-linked structured product that allows the investor to potentially profit from the underlying stock performance. To that end, the investor can...

Airbag Certificate

A structured product (structured certificate) that allows the holder to participate in the upside performance of an underlying stock while...

Corridor Option

A path-dependent option that is typically embedded in a structured note (range note), allowing the holder to receive a coupon at maturity,...

TARF

It stands for target redemption forward; a structured product (specifically a target redemption note) which consists of a strip of forwards each of which...

Target Redemption Forward

A structured product (specifically a target redemption note) which consists of a strip of forwards each of which has its payout as the difference between...

Balance Guaranteed Swap

A structured swap in which the swap counterparty agrees to adjust the notional principal amount in a fashion that matches the actual outstanding balance...

Cross Gamma

The gamma value that results when the delta of an underlying risk factor changes considerably without any movement in its...