[Fegu]

Key product features

• A rebate is paid if a predetermined level – called the “barrier” level – is reached or breached.
• Upfront premium.
• Limited upside/downside.

Product description/scenario

• A One-Touch pays out a rebate if spot fixes at or beyond the specified barrier rate at any point throughout the life of the option.

Example trade profile


Payout profile at expiry


Payoff description

• If spot ever fixes at or beyond the barrier level (1.4200) the rebate of EUR 1mio will be paid at expiry.
• If not, no rebate will be paid.

Variations

• No-Touch:
– You receive a rebate at maturity as long as the barrier is never reached or breached.

• Pay at Hit:
– Payout is made when barrier is breached, rather than waiting until expiry.