The same index you know.
The exposure begins with a broad market index rather than stock selection or active forecasting.
For the investor who wants more of the market
Owning the index was the right decision. Owning more of it may be the next one.
The same index philosophy, paired with targeted enhanced participation and a defined buffer against decline.
Passive at heart. Enhanced by design.
An enhanced share of upside.
Participation may be targeted between 90% and 130% of the index return, depending on the selected terms and market conditions.
A buffer and daily pricing.
A defined downside buffer applies at maturity, while the note receives independent daily marks.
The market you trust. Terms shaped around you.
Participation is the lever.
1.3x
targeted index upside at the top of the stated participation range
The participation rate is defined at issuance. The appropriate balance among upside participation, downside buffer, term, and issuer is selected before commitment.
The market, shaped to you. The terms, in your hands.
Participation rates and buffers are targeted at issuance and vary by solution, index, issuer, term, and market conditions. Terms are defined in offering documents. Past performance is not indicative of future results. The 1.3x claim requires compliance approval.
The solution should fit you.
Your goals determine which combination of participation, buffer, term, and liquidity deserves consideration.
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Define the outcome.
We begin with the market exposure you want and the downside you are prepared to accept.
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Source competing terms.
The First Principle desk requests terms from its stated network of 18 global investment-grade banks.
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Review the fit.
We compare the selected terms with your horizon, portfolio, and ongoing liquidity needs.
One decision left to you: the balance that fits best.
Questions about equity enhancement
View all FAQsHow do the participation rate and downside buffer work together?
The participation rate determines how much of a linked index gain is credited under the note terms, while a buffer defines how much decline is absorbed before principal begins to participate in losses. Both are set at issuance and may be subject to caps, observation rules, issuer credit, and other conditions described in the offering documents.
What happens if a decline exceeds the buffer?
Losses beyond the stated buffer can reduce principal according to the note formula. A buffer is a defined threshold, not a guarantee against loss, and it generally applies only at the specified observation or maturity date. An early sale can also produce a loss even when the linked index remains within the final buffer level.
Same index. Enhanced participation. Daily pricing.
Explore whether defined participation and a downside buffer fit the role equities play in your portfolio.
1.3xTop targeted participation
~20%Illustrative downside buffer
DailyIndependent pricing
Same market. Same conviction. More defined participation.
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