Express Certificates are financial instruments belonging to the category of Conditional Capital ProtectionThe term protection means the minimum percentage of invested capital that is returned at maturity. Certificates that allow for investment in a underlyingThe Underlying asset is the activity such as a share, stock index currency, commodity or any other real( e.g. raw materials) or financial asset( an exchange rate or interest rate) upon which the value and price of the Certificate is dependent. financial asset, such as a share, a share indexA share index is defined as the summary of the value of a basket of shares it represents. The movements of the index can be considered a good indication of the changes, over a period of time, in valuation of the securities included in the portfolio. There are several methods for calculating the indices, each dependent on the weighting given to the shares which make up the basket., a currencyThe currency is the money the value of a security is expressed in. The term Currency is used to mean the currency in circulation in a given country and which can be taken as a Reference Currency for securities issued in that country. In the banking terms, currency represents the day interest on a certain sum begins to accrue., a commodityThe term commodity essentially indicates a basic good such as, for example, metals, minerals, agriculture and livestock and other physical assets, on which investors can trade through the use of derivatives. or an interest rateThe interest rate measures the cost of a financing transaction and represents the compensation paid to the bank for the loan of a certain amount of money. It is expressed as a percentage and with reference to the year.. Their distinctive feature is that they can expire in advance, upon the occurrence of predetermined conditions, established at the time the CertificateCertificates are securitized instrument derivatives linked to the performance of an Underlying, whether, for example, shares, a stock index, a currency, a commodity or an interest rate. Certificate are traded, in Italy, both on the SeDeX as well as on the EuroTL X multilateral trading facilities of the Italian Exchange. is issued, redeeming to the investor the issue priceThe Issue price is the price at which a share is offered on the Primary Market. It is determined by the Issuer (or the Placement consortium) in the case of placements for the public retail or for transactions reserved for Institutional Investors the price may be determined by an auction. as well as an additional amount. The protectionThe term protection means the minimum percentage of invested capital that is returned at maturity. of the issue priceThe Issue price is the price at which a share is offered on the Primary Market. It is determined by the Issuer (or the Placement consortium) in the case of placements for the public retail or for transactions reserved for Institutional Investors the price may be determined by an auction. of the CertificateCertificates are securitized instrument derivatives linked to the performance of an Underlying, whether, for example, shares, a stock index, a currency, a commodity or an interest rate. Certificate are traded, in Italy, both on the SeDeX as well as on the EuroTL X multilateral trading facilities of the Italian Exchange. is subject to the failure of the underlyingThe Underlying asset is the activity such as a share, stock index currency, commodity or any other real( e.g. raw materials) or financial asset( an exchange rate or interest rate) upon which the value and price of the Certificate is dependent. asset to reach a certain value set at the time of issue. This threshold is called Barrier levelThe Barrier Level in a Certificate is the point at which the investor loses the capital protection of the certificate..
In order to have access to the documentation and the information included herein relating to the financial instruments (the “Securities”), please represent, warrant and accept without reserve or exception the entire Terms of Use and confirm what follows.
The offer of the Securities (the “Offer”) is made to the general public in a specific jurisdiction and any offer, solicitation of an offer, distribution of marketing material relating to the Securities will not be made in the United States of America, Canada, Australia, Japan or any other country where such acts are forbidden without specific exemptions or authorizations from the relevant competent authorities (the "Other Countries").
No Offer may be made in the United States of America, or to any citizen, resident, taxable person in the United States of America ("U.S. Person" or "United States Person" within the meaning of U.S. Securities Laws or other relevant local regulations, a US Person) and no distribution of any documents relating to the Offer may be made in the United States of America. The Securities have not been and will not be registered nor under the United States Securities Act of 1993, as from time to time amended, neither under any financial rules applicable in the United States of America. Neither the Securities and Exchange Commission ("SEC") nor any other supervisory authorities in the United States of America has approved or has not approved the issuance and/or the Offer of the Securities or has taken any position as to the accuracy or inaccuracy of the Prospectus and/or the Final Terms/Condizioni Definitive of the Securities. According to the provisions of the United States Commodity Exchange Act, trading in the Securities has not been approved by the United States Commodity Futures Trading Commission ("CFTC").
The Securities have not been and will not be registered under the existing Securities rules applicable in Canada, Japan, Australia or in the Other Countries, and therefore they may not be, directly or indirectly, offered, sold or otherwise delivered in Canada, Japan, Australia and in the Other Countries or to any citizen, resident, taxable person in Canada, Japan, Australia and the Other Countries and the documentation relating to the Offer may not be distributed in Canada, Japan, Australia and the Other Countries. In any event no person, being US Person under the US Securities Laws or under any other local applicable rule or resident in Canada, Japan, Australia and the Other Countries, may join the Offer.
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WARNING: the above declarations constitute self-certification pursuant to Decree by the President of the Republic No. 445 of 28 December 2000, as subsequently amended. False declarations are punishable by law.
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WARNING: the above declarations constitute self-certification pursuant to Decree by the President of the Republic No. 445 of 28 December 2000, as subsequently amended. False declarations are punishable by law.
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