Synthetic Zero
A Synthetic Zero is a product designed to outperform an underlying index or stock in moderately rising or moderately falling markets. It provides a fixed return, called the Synthetic Level, provided that the stock or index is above the Protection Level at Expiry. Otherwise the product pays the equivalent of the stock price or index level at Expiry.
Our range of Synthetic Zeros trade on the London Stock Exchange (LSE) and can be bought or sold in the secondary market. Products are issued by Société Générale Acceptance and typically have a Medium Term maturity of 2 to 3 years. Société Générale is the only market-maker and therefore the only liquidity provider for these products. Liquidity will only be available in normal market conditions. Please refer to the product Term Sheet by clicking on the relevant product below
Synthetic Zero (2 product(s) available)
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| Underlying | Synthetic Level | Protection level | Init. Under. Level | Expiry | Bid* | Ask* | Maximum Yield | EPIC | |
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| BASKET OF INDICES | 158 | -- | 0 | 05/06/2019 | £ 155.79 (c) | £ 156.79 (c) | 0.77% | SZ51 | |
| FTSE 100 | 127 | 5,000 | 6,300.63 | 21/06/2019 | £ 124.50 (c) | £ 125.50 (c) | 1.20% | SZ66 | |
Intraday Perf = Intra-day performance from previous day's closing price.
Past performance is not a reliable indicator of future results. Future
performance forecasts are not a reliable indicator of future performance. Gains
or losses can be reduced or increased depending on the exchange rate and does
not take into account charges, fees and charges incurred by any investor (e.g
taxes, fees or other costs incurred by local regulations, brokerage fees or
other fees levied by the financial intermediary). Before any investment, read
the risk factors described in the prospectus available on this site.
Before commencing trading you should be comfortable that covered warrants are a
suitable investment for you. In order to assist you with this assessment, please
see the "Risk Warning".
