95.00% Dolphin CPN on SPDR Gold Trust

Underlying: SPDR Gold Trust SSPA/EUSIPA Product Type: Barrier Capital Protection Certificate (1130) Valor: 56338664 / ISIN: CH0563386645

Last update 25.09.2020
  • Bid

    97.86 %
    Volume: 1'000

  • Ask

    98.86 %
    Volume: 1'000

Key figures

Strike absolute172.93 USD
Capital protection95.00%
Participation100.00%
Days to expiry331
Trading placeVienna Stock Exchange
Settlementcash

Product calendar

Fixing date21.08.2020
Last trading date23.08.2021
Expiry23.08.2021

UBS Capital Protection Note

UBS Capital Protected Notes, or CPNs, have capital protection at maturity and at the same time offer the earning potential that can arise from the capital markets. To this end, CPNs (at least partly) participate in the price movements of selected underlying assets (e.g. index, equity basket or commodities and currencies). The structure offers uncapped participation in a possibly positive performance of the selected underlying asset. The pre-determined participation rate can vary. Depending on the product features, it can be proportional (either negative or positive) to the performance of the underlying asset. In general, higher capital protection is at the cost of the participation rate in price movements. Depending on the features, the capital protection at the end of the mostly several-year term is between 90 and 100 percent of the nominal amount.

With a capital protection of less than 100 percent, the nominal amount at maturity is not fully secured. A price increase of the underlying asset by maturity is needed to bridge the difference between the level of capital protection and 100 percent of the nominal amount and avoid losses at maturity.