About this product

Outperformance Certificates offer investors the opportunity to participate disproportionately from rising prices of an underlying from a certain price level (exercise price) onwards. If the price of the underlying asset is at or above the exercise price at maturity, the investor participates in the price increase above the exercise price with a participation rate set at issuance (upper participation). Compared to a direct investment in the underlying asset, the investor can thus achieve a higher return. When prices fall below the exercise price, this participation factor does not apply. In this scenario, the investor bears the same risk as with a direct investment in the underlying asset.