- They are listed products for investing in an asset which is expected to be above or below a given barrier level
- They comprise 13 StayHigh series and 11 StayLow on indices and shares
- Société Générale is the first issuer of this type of products on the Spanish stock market
The Spanish stock market today started trading the first StayHigh and StayLow on its Warrants, Certificates and other products segment.
The main feature of these products is that they offer investors a potential maximum return of 10 euros. The StayHigh offer the maximum return if throughout the life of the product the level of the underlying asset remains above the barrier. The product will no longer be active when the level of the underlying is below the barrier, in which case the value of the StayHigh will be 0. As regards the StayLow, they work in a similar way, but in the opposite direction. To obtain the maximum return the level of the underlying asset must be below the barrier, otherwise its value is 0.
The products admitted to trading, 13 StayHigh and 11 StayLow, were issued by Société Générale and are linked to the performance of the shares of Banco Santander, BBVA, Inditex, Telefónica and the IBEX 35® index.
The activity in the Warrants and Certificates markets in Spain to the end of June reached 425 million euros, up 4.2% from the same period in 2013.