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  • January 12, 2022
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Smart Turbo Certificate

A turbo certificate in which the barrier is only applicable at the closing price of the underlying stock. In a smart bull turbo certificate, if the underlying drops below the stop barrier during trading hours but closes above it, the certificate will not knock out. However, if the underlying breaches or falls below the strike price during trading hours, the certificate will expire worthless. The opposite is true for a smart bear turbo certificate.


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