About this product

Discount certificates offer a discount on the current price of the underlying asset. This "discount" cushions possible price losses of the underlying asset. In return, the participation in a price increase is limited by the strike price and the investor forgoes a possible dividend payment. If the final fixing is at or above the strike price, you will receive the strike price on the redemption date. If the Final Fixing Level is below the Strike Price, you will receive the Underlying at the Conversion Ratio.