23 March 2023: Wealth Product Ideas
Payoff Scenario for Bull SharkFin (Automatic early redemption upon KO):
- Early Redemption upon Knock-Out Event: Denomination x [Min Redemption Level + KO Rebate]
- Redemption at Maturity: If Knock-Out Event has not occurred: Denomination x {Min Redemption Level+ Max [0, PR* (Underlying Participation Final-Underlying Strike)/Underlying Initial)]}
(Source: Bloomberg)
