Product Detail

Historical NAV

The historical net value data is for reference only. The specific net value shall be subject to the actual yield when the product matures

Data for reference only

Date

Growth Share

Daily Growth Rate

NAV per Unit

02/05

0.0094

0.70%

1.3572

02/04

0.0094

0.70%

1.3478

02/03

0.0094

0.71%

1.3384

02/02

0.0094

0.71%

1.3290

02/01

0.0094

0.72%

1.3196

01/31

0.0094

0.72%

1.3102

01/30

0.0094

0.73%

1.3008

01/29

0.0094

0.73%

1.2914

01/28

0.0094

0.74%

1.2820

01/27

0.0094

0.74%

1.2726

01/26

0.0094

0.75%

1.2632

01/25

0.0094

0.76%

1.2538

01/24

0.0094

0.76%

1.2444

01/23

0.0094

0.77%

1.2350

01/22

0.0094

0.77%

1.2256

01/21

0.0094

0.78%

1.2162

01/20

0.0094

0.79%

1.2068

01/19

0.0094

0.79%

1.1974

Earnings Trend

The actual return will be based on the true return at the time of product knock-out or expiration

Data for reference only

Buying Information

Yield to Maturity：

680.0%

Min Amount：

$60.00

Max Amount：

unlimited

Purchase Date：

12-30 - 12-31

Management Fee：

1.00%

Number of Buyers：

unlimited

Basic Information

Product Name：

NASDAQ Snowball 720

Linked Index：

Linked Index

Product Term：

720days

Start Date：

The date of purchase is also the initial observation date

Knock-In Date：

Daily observations, calculations performed after market close for the index

Knock-Out Date：

Calculation after the index closes on the 1th of each month

Starting Price：

The closing price of the index on the purchase day is considered as the initial price

Knock-Out Price：

130%

Knock-In Price：

60%

Knock-Out Event：

During the knock-out observation period, if the closing index gain exceeds the knock-out price, a knock-out event will be triggered

Knock-In Event：

A Knock-in Event is triggered if the intraday closing index decline exceeds the Knock-in Price

Security Fund：

100%

Closed Period：

yes

Term Type：

Long-term Product

Profit and Loss Risk

In order to let everyone understand the profit and loss of Snowball, the following takes the S&P 500 index as the linked index, with an yield to maturity of 7%, a knock-in point of 93%, a knock-out point of 107%, and a 7-days S&P 500 index Snowball product as an example to analyze several profit and loss situations of Snowball products.

Scenario 1: A knock-out event occurs

Regardless of whether it falls below the knock-in price during the holding period, if on any single holding day, the closing price of the underlying is higher than the knock-out price, the product will be terminated early and the customer will receive the knock-out profit: 7% • (5/7) =5%

Scenario 2: Neither the knock-in event nor the knock-out event occurs

During the duration, the underlying asset has not fallen to the knock-in price on any single holding day, and has not been knocked out on all holding days; when the product expires, the customer will receive an yield to maturity of 7%.

Scenario 3: A knock-in event occurs, but no knock-out event occurs

During the duration, the underlying asset has fallen to the knock-in price on any single holding day, but has not been knocked out on the remaining holding days.

First Situation:

Initial price < Expiration price < knock-out price，Revenue = 0

Second Situation:

Underlying expiry price ＜ Initial price, loss =Actual decline of the underlying price at maturity based on the initial price

At present, the Snowball products purchased by individual investors in the market are usually in full margin mode, without leverage and without margin calls. Under the 100% margin mode, when the Snowball product is in operation, no matter how the underlying price fluctuates, investors will not face the risk of "explosion", because the maximum theoretical loss of the Snowball product is the drop of the underlying price to 0, so the theoretical maximum loss is 100% of the margin, and the actual loss is consistent with the drop of the underlying price.

NASDAQ Snowball 720

Amount

Management Fee:

1.00%

Purchase confirmmation date:

02-04

Time Limit:

12/30-12/31

Payment Method

Balance:

trial funds:

Tips

The purchased index must be purchased before the closing price of the day to start calculation on the same day. If it is purchased after the closing price, the closing price of the next working day will be used as the basis. The stock market will be closed on weekends and holidays. If the product is purchased on weekends or holidays, it will be postponed to the closing price of the next working day to take effect.

Confirm