Home About Setipa Europe Members Media Contact us Categorization/Education    Bonus Certificate Bonus Certificate is a financial instrument resulting from the participation rate movements in an underlying asset that is generally a share or an index. Bonus certificate has a limited duration and gives the investor a yield less than the corresponding evolution of the share, but can also under special circumstances, give a bonus as a return greater than the underlying stock. Market Expectations • Underlying trading sideways or slightly downward • Underlying does not reach the knock-in level for the term Properties • Unlimited participation in the increase in prices in the underlying • A Bonus Certificate turns into a Tracker Certificate after breaching the Barrier • Minimum redemption is equal to the Strike if the Barrier is never breached • Lower risk than a direct investment due to the conditional capital protection • Larger Bonus payments or lower barriers can be achieved at a greater risk if the product is based on multiple underlyings (multi-asset) • Any payouts attributable to the underlying are used in favour of the strategy If you want to learn more about this instrument, you can do it at www.ndx.se/education/. Product categorization Leverage products Participant products • Growthcertificate • Bonuscertificate • WinWincertificate • Indexcertificate • Open End certificate Yieldenhanced products Capital protected products Copyright © SETIPA 2011 | villkor Swedish Exchange Traded Investment Products Association