RICI® EnhancedSM Nickel TR ETC
UMushroom community rating:
0.00
0 votes
No rating yet
NegativeNeutralPositive
General Objective
The objective of this product is to grant you a specific entitlement under predetermined conditions. The product has no fixed term and can be exercised at any redemption date by submitting a written declaration within the redemption period. The issuer has the right to terminate the product at any ordinary termination date with a notice period. Each redemption date or ordinary termination date is a valuation date. Upon redemption or termination, you will receive a payout amount in the currency of the product. The product is secured in terms of credit risk but does not offer any capital protection.
Fund Exposure
The fund is linked to the RICI® EnhancedSM Nickel TR Index as its underlying asset. The reference price is determined by the closing price as established by the reference entity on the valuation date. The currency of the underlying asset is USD. The product is subject to adjustments or early termination in case of certain extraordinary events related to the underlying asset.
Risks
While the product offers security in terms of credit risk, it does not provide capital protection. The payout amount is calculated daily based on the reference price, multiplied by the conversion ratio, and converted into the currency of the product. The conversion ratio is reduced daily by the management fee, leading to a corresponding decrease in the payout amount. The collateral for the product is held in a security trust agreement between the issuer, BNP Paribas Arbitrage S.N.C., and Clearstream Banking AG, with daily monitoring and potential adjustments.