Glossary

Knock-out warrant with a stop-loss threshold

Leverage products whose prices react overproportionately to changes in the underlying, and expire with a leftover value when the stop-loss threshold is reached.

Knock-out products that are equipped with a knock-out threshold and a stop-loss threshold. If the underlying reaches the knock-out threshold, the derivative no longer has any value. However, this warrant expires automatically at the stop-loss threshold. Investors receive a leftover amount, whose value is dependant on the value of the knock-out threshold. This leftover amount is usually of a very low value.

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