Accelerated Tracker
Accelerated
Trackers are Structured Products, which offer investors a potential Gross Return
at maturity based on the amplified rise of an Index such as the FTSE 100. The
potential Gross Return is typically capped so there is a maximum potential
return. Capital will typically be returned at maturity as long as the Index has
not fallen below a predefined Protection Level.
Air Bag Level
A
safety mechanism within Short and Leverage ETPs designed to slow the rate of
loss from extreme intraday movements in the Underlying Asset.
Annual Charge
In
the case of Exchange Traded Notes, an Annual Charge is calculated daily and
deducted from the performance.
Annualised cost
The
cost applied to a Short and Leverage ETP. The Annualised Cost consists of the
Commission and the Collateral Cost. This Annualised Cost is pro-rated and
applied to the product on a daily basis.
Ask price
The
price you would pay to purchase an Exchange Traded Product in the secondary
market.
At-The-Money
A Covered Warrant whose exercise price is near or equal to the underlying
security's price.
Autocall
An
Autocall is a Structured Product, which can pay a fixed return at maturity, or
earlier if an Index such as the FTSE 100 Index is at or above a predefined Kick
Out Level on one of the annual Valuation Dates. If it has not expired before, at
Maturity capital will be returned as long as the Index has not fallen below a
predefined Protection Level.
Automatic Exercise
The situation
when, upon expiry, the value of a Covered Warrant (if positive) is automatically
paid to the holder. All UK Covered Warrants have Automatic Exercise.
version : 4.38.0-SNAPSHOT