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SENSEX Snowball 30
28.0%
Maturity Yield
1.2790
NAV per Unit12-07 )
Linked Index : sensex
Product Term : 30 days
Risk Type :  Non-Capital-Protected
Time Limit
12/31-12/30
Management Fee
1.00%
Min Amount
$100.00
Max Amount
unlimit
Amount
Buy Now
Historical NAV
Data for reference only
Date Growth Share Daily Growth Rate NAV per Unit Total Net Asset Value
2024-08-07 0.0093 0.73% 1.2790 1.2790
2024-08-06 0.0093 0.74% 1.2697 1.2697
2024-08-05 0.0093 0.74% 1.2604 1.2604
2024-08-04 0.0093 0.75% 1.2511 1.2511
2024-08-03 0.0093 0.75% 1.2418 1.2418
2024-08-02 0.0093 0.76% 1.2325 1.2325
2024-08-01 0.0093 0.77% 1.2232 1.2232
2024-07-31 0.0093 0.77% 1.2139 1.2139
2024-07-30 0.0093 0.78% 1.2046 1.2046
2024-07-29 0.0093 0.78% 1.1953 1.1953
2024-07-28 0.0093 0.79% 1.1860 1.1860
2024-07-27 0.0093 0.80% 1.1767 1.1767
2024-07-26 0.0093 0.80% 1.1674 1.1674
2024-07-25 0.0093 0.81% 1.1581 1.1581
2024-07-24 0.0093 0.82% 1.1488 1.1488
2024-07-23 0.0093 0.82% 1.1395 1.1395
2024-07-22 0.0093 0.83% 1.1302 1.1302
2024-07-21 0.0093 0.84% 1.1209 1.1209
Earnings Trend
Data for reference only
The actual return will be based on the true return at the time of product knock-out or expiration
Buying Information
Yield to Maturity 28.0%
Min Amount $100.00
Max Amount unlimited
Purchase Date 12-31 - 12-30
Management Fee 1.00%
Number of Buyers unlimited
Basic Information
Product Name SENSEX Snowball 30
Linked Index sensex
Product Term 30days
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 112%
Knock-In Price 84%
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 Mid-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.
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