HSBC Trinkaus & Burkhardt GmbH DIZ 24.04.25 M.Rück 460 Discount-Zertifikat

This discount certificate is linked to Münchener Rückversicherungs-Gesellschaft AG in München, the underlying instrument, and has a term ending on April 24, 2025. In contrast to a direct investment in the underlying, the investor receives a discount. In return, however, he only participates in the performance of the underlying up to the cap of EUR 460.00. As a result of the cap, the maximum redemption amount is EUR 460.00 (cap multiplied by the multiplier of 1.00). If the underlying trades below the cap at maturity, units of the underlying will be delivered. The number of units will be determined by the multiplier, while fractions are usually settled with a cash payment.