Glossary of Structured Products

Welcome to our glossary of structured products. Here, we provide explanations of common terms related to structured products to help you better understand their use and characteristics. Please note that the specific definitions and features of these terms may vary depending on the product type and market environment. Before making any investment, be sure to consult a professional financial advisor and read the relevant documentation in detail.

In addition to explanations, detailed term sheets are provided for each product for your reference.

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• Ping Pong (Double One-Touch): A structured product where investors predict that the asset price will fluctuate between two preset price levels within a specific time frame. If the price touches one of the levels, the investor receives a payout.
• Digital Structures (Digitals): A structured product, also known as a digital option. It pays a fixed return if the underlying asset reaches or exceeds a preset price level within a specific time frame; otherwise, the investor loses the investment.
• Spread Structures (Call Spread/Put Spread): A structured product involving the simultaneous purchase and sale of two option contracts—one call option and one put option. This structure aims to generate returns by leveraging both upward and downward price movements of the asset.
• Range Accrual: A structured product where investors earn interest or returns based on the underlying asset (e.g., interest rate or exchange rate) staying within a specified price range. If the asset price remains within the range, the investor receives accrued returns.
• Single-Way Sharkfin: A structured product where investors purchase an option contract to earn returns within a specific time frame. However, if the asset price exceeds or reaches a preset level, the investor receives no further returns.
• Single Touch: A structured product where investors predict whether the asset price will touch or exceed a preset price level within a specific time frame. If the price touches the level, the investor receives a payout.
• Dual Sharkfin: A structured product similar to the Single-Way Sharkfin, but investors can earn returns at specific price levels, whether the price moves up or down.
• Double No Touch - 1: A structured product where investors predict that the asset price will not touch or exceed two preset price levels within a specific time frame. If the price stays between these levels, the investor receives a payout.
• Double No Touch - 2: Similar to Double No Touch - 1, but involving two different asset prices.
• Autocallables: A structured product whose returns depend on the performance of the underlying asset. If the asset price reaches or exceeds a preset knock-out level, the product terminates automatically, and the investor receives a payout.
• Triple-Range Structures: A structured product where investors earn returns based on the performance of the underlying asset price within three preset price ranges. Returns depend on whether the price stays within the specified ranges and the duration of its stay.