From 12 June Banca IMI has launched 8 new Bonus Cap Certificates listed on the SeDeX market of Borsa Italiana. The new certificates, explains the institute, "offer the investor the possibility of obtaining returns in situations of stability, rise or limited fall in the value of the underlying share with a time horizon of 18 months and premiums ranging from 8,15, 13,15% to XNUMX%”.
The Banca IMI Bonus Cap Certificates are Conditionally Capital Protected Investment Certificates which allow the investor to obtain a premium at maturity (the Bonus) if the underlying financial asset, at the final reporting date, has a value greater than or equal to at the Barrier Level.
In particular, the Bonus Caps launched today have the following characteristics: issue price equal to 100 euro, duration of 18 months and barrier observed only on the final reporting date, i.e. 5 December 2019 (European barrier).
“As an example – continues the bank – let's see in detail the functioning of the Bonus Cap on AIR FRANCE KLM (ISIN: IT0005335903). Investors will have the opportunity to purchase this instrument directly on the SeDeX market of Borsa Italiana starting from 12 June 2018 through their trusted financial intermediary, phone banking or internet banking”.
The certificate will pay the bonus amount of €112,60 on maturity (+12,60% compared to the issue price) if on the final observation day the price of the underlying should be equal to or higher than the barrier level of €4,8860 (ie if the AIR FRANCE KLM share does not lose more than 30% compared to the Initial value equal to 6,9800). Conversely, if the value of the underlying should be lower than the barrier level (equal to 70% of the initial value of the underlying) the investor will suffer a loss commensurate with that which he would have obtained by investing directly in the underlying share.
