Glossary

Knock-out warrant without a stop-loss threshold

Leverage products whose prices react excessively to changes in the underlying, and expire without value when the stop-loss threshold is reached.

Knock-out products that are equipped with a knock-out threshold. If the underlying reaches this threshold, the knock-out warrant expires without value. Above (call) and below (put) this threshold, the price of the derivative develops overproportionately to the price of the underlying.

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