The range of investment instruments issued by Banca IMI is expanding, thanks to 8 new Bonus Cap Certificates which are listed on the SeDeX market of Borsa Italiana starting today 11 September 2017.
The Banca IMI Bonus Cap Certificates are Conditionally Capital Protected Investment Certificates which pay the investor a premium at maturity if the underlying, on the final valuation date, has a value greater than or equal to the Barrier Level.
In particular, all the Bonus Cap certificates listed on 11 September have the following characteristics: issue price equal to 100 Euros, duration of 18 months and barrier observed only on the final valuation date, i.e. 5 March 2019 (European barrier).
As an example, let's see in detail how a certificate works: the Bonus Cap on Banco BPM (ISIN: IT0005281966). Investors will have the opportunity to purchase this instrument directly on the SeDeX market of Borsa Italiana starting from 11 September 2017 through their trusted financial intermediary, phone banking or internet banking.
The certificate will pay the bonus amount on maturity of Euro 115,10 (+15,10%) if on the valuation day the price of the underlying is equal to or higher than the Barrier Level of Euro 2,2500 (or if the share of Banco BPM does not lose more than 25% compared to the Initial Value). Conversely, if the value of the underlying were to be lower than the Barrier Level (equal to 75% 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.
The complete list of Banca IMI Bonus Cap Certificates is available on the issuer's website.
