Forward Acotado con KI

Forward Acotado con KI
Febrero 2009
PRODUCT NOTE • PRODUCTOS ESTRUCTURADOS
<3
CRD
Estructura de tipo de cambio a 90 días en el que el cliente compra un Forward
Acotado sobre el USDPEN que sólo se activa si el tipo de cambio toca una cierta barrera.
Es una estructura costo cero para aquellos que tienen que comprar dólares a 90 días y
quieren estar cubiertos a partir del USDPEN 3.30 pero prefieren quedarse sin cobertura si
baja el tipo de cambio.
México
!: (52) 55 56 21 91 52
Madrid
Términos y Condiciones
!: (34) 91 537 96 43
Moneda
PEN
Monto (USD)
100,000.00
Fecha de Cierre
A ser determinada
Plazo
90 días
Fecha de Vencimiento
Fecha de Cierre + 90 dias
Base de Cálculo
Act / 360
Spot de Referencia
3.2265
Strike Forward
3.25
Strike Cap
3.40
Barrera (KI)
3.30
Forward Referencial
3.2750
Prima
0%
Pag 1
“The information contained in this document is set out for illustrative purposes only and does not constitute any form of offer from BBVA to trade on such terms or constitute an indication that it is possible to trade on those precise
terms. It is also understood that the information contained in this document shall not be considered investment advice nor a recommendation to enter into a transaction and shall not form the basis of a decision of any kind. BBVA
and its clients shall not be bound until they have both agreed to enter into a transaction and have agreed to its material terms. Actual prices will depend on market conditions at the time the transaction is concluded.
No representations or warranties are given or implied as to the information contained herein. All terms, information and pricing herein is indicative and subject to change without notice.
You acknowledge that the products to which this document refers may not be appropriate for you due to your specific investment goals, financial positions or risk profiles, as these have not been taken into account to prepare this
document. Therefore, before entering into a transaction, you should independently evaluate the financial, market, legal, regulatory, credit, tax and accounting risks and consequences involved and should not rely on BBVA for this.
Financial transactions involve high risks and are not appropriate for every investor. Indeed, in some cases, the potential losses may exceed the amount of initial investment. You should also be aware that secondary markets for the
said products may be limited or even not exist. BBVA S.A. shall not assume any liability nor responsibility of any kind for any cost or direct or indirect losses arising from the use of this document or its contents.
The information contained herein is provided to you by BBVA on a strictly confidential basis. No part of this document may be (i) copied, photocopied or duplicated by any other form or means (ii) redistributed or (iii) quoted,
without the prior written consent of BBVA.”
Forward Acotado con KI
Febrero 2009
PRODUCT NOTE • PRODUCTOS ESTRUCTURADOS
Descripción de la estructura:
<3
I. Si en cualquier momento dentro del plazo el tipo de cambio toca la barrera KI de 3.30:
1) Si a vencimiento, el tipo de cambio es menor a 3.40 el cliente compra dólares a 3.25
2) Si a vencimiento, el tipo de cambio es mayor a 3.40 el cliente compra dólares a 3.25 y los vende a
3.40
CRD
México
!: (52) 55 56 21 91 52
II. Si el tipo de cambio no toca la barrera KI de 3.30 en ningún momento durante el plazo:
1) El cliente compra los dólares a mercado y aprovecha la bajada del tipo de cambio.
Madrid
!: (34) 91 537 96 43
Gráfica Forward Acotado con KI
30%
20%
15%
10%
Fo rward A co tado
Fo rward
3.50
3.47
3.44
3.41
3.38
3.35
3.32
3.29
-10%
3.26
0%
-5%
3.23
5%
3.20
Ganancia en PEN
25%
-15%
Tipo de Cambio
Pag 2
“The information contained in this document is set out for illustrative purposes only and does not constitute any form of offer from BBVA to trade on such terms or constitute an indication that it is possible to trade on those precise
terms. It is also understood that the information contained in this document shall not be considered investment advice nor a recommendation to enter into a transaction and shall not form the basis of a decision of any kind. BBVA
and its clients shall not be bound until they have both agreed to enter into a transaction and have agreed to its material terms. Actual prices will depend on market conditions at the time the transaction is concluded.
No representations or warranties are given or implied as to the information contained herein. All terms, information and pricing herein is indicative and subject to change without notice.
You acknowledge that the products to which this document refers may not be appropriate for you due to your specific investment goals, financial positions or risk profiles, as these have not been taken into account to prepare this
document. Therefore, before entering into a transaction, you should independently evaluate the financial, market, legal, regulatory, credit, tax and accounting risks and consequences involved and should not rely on BBVA for this.
Financial transactions involve high risks and are not appropriate for every investor. Indeed, in some cases, the potential losses may exceed the amount of initial investment. You should also be aware that secondary markets for the
said products may be limited or even not exist. BBVA S.A. shall not assume any liability nor responsibility of any kind for any cost or direct or indirect losses arising from the use of this document or its contents.
The information contained herein is provided to you by BBVA on a strictly confidential basis. No part of this document may be (i) copied, photocopied or duplicated by any other form or means (ii) redistributed or (iii) quoted,
without the prior written consent of BBVA.”