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Structured Products
Glossary F-Z

Issue Date
The date on which the note is issued

Issuer
A company or municipality offering (or having already offered) securities or notes for sale to investors

Nominal Amount
The par value of the note

Offer
The lowest price that any seller is willing to receive for a given security at a given time; also called the offer or ask price

Quanto
An option in one currency, but which pays out in another. Quanto options are usually used in cases when investors are confident of the underlying asset's performance, but are not confident of the performance of the currency in which the underlying asset is denominated

Redemption Date / Maturity Date
Redemption/Maturity Date is the settlement date for the respective cash payment or physical delivery at the end of a note's life

Return
The total return on an investment, expressed as a percentage of the total amount invested

Strike
Also known as the exercise price - in case of physical delivery, the strike is the cash amount that must be exchanged upon exercise for delivery of the underlying security - in case of cash settlement it is the reference level from which the performance of the note is measured

Underlying
In the event of physical delivery, the security or commodity that is delivered when the note is exercised. This may also refer to the index/security/commodity or currency upon which the note is based

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