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Tranche Partial issue.
Turbos Turbos (issued as warrants or certificates) allow you to benefit from market fluctuations in both ways. Turbos Long benefit from rising prices, Turbos Short from falling ones. Every incremental movement in the price of the underlying may lead to disproportionately high returns due to the leverage effect. However, while the unlimited upward potential is the upside of this particular product, the risk of losing the entire capital invested if the set barrier has been broken is its downside. In the case of Turbos Long the barrier is set below the current price of the underlying. Turbos Short will have the barrier set above the current price of the underlying. There are Turbos with and without maturity date ("open-end Turbos").
Twin Win certificates Twin Win certificates combine two advantages in one product: the investor benefits from rising prices – in most cases even with a leverage. At the same time, losses of the underlying instrument are directly and 1:1 converted into profits as long as the safety barrier has not been touched. This means that as investor, you also make a profit in the case of moderately falling prices. It is only if the price of the underlying falls to or below the barrier that the protective function of the barrier becomes inactive and the price of the underlying is credited in the investor’s favour at the end of maturity.


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