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Callable Multi Barrier Reverse Convertible on Digital Payment

The digital payments industry is enjoying strong growth driven by a global shift from cash to digital payments. As an increasing number of consumers turn to the internet and mobile devices for both their online purchases and contactless payments in shops, this growth trend is likely to continue.

Higher online payment volumes are expected to generate USD 200 billion in payment fees by 2026, which translates to a compounded annual growth rate (CAGR) of 9.2% over a ten year period. Key end-markets include digital commerce, B2B payments and online services.

Investors looking to gain exposure to companies that are expected to benefit from the digitalisation of the payments industry could consider our Callable Multi Barrier Reverse Convertible on Mastercard, American Express and Visa Inc. currently in subscription.

Product Mechanism

  • This product is suitable for investors that have a neutral or slightly positive performance expectation of the underlying stocks.
  • In return for receiving a guaranteed coupon, investors should be willing to bear the risks of this product: the invested capital is protected at maturity up to the knock-in barrier at 60% only.However, if one of the underlyings touches or falls below its knock-in barrier during the lifetime of the product and the fixing of the underlying with the lowest performance is below its initial value (equal to the strike price) at maturity, investors receive an amount which takes into account the decrease of the underlying with the lowest performance relative to its initial value.
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