Glossary

GLOSSARY

ArrangerThe person who arranges the structured product or who designs the information about the investment characteristics and risks in the marketing material.
Organizer FeesThe fees of a structured product consist of brokerage commissions and arranger fees. The arranger fees are included in the investment cost and are fully disclosed in the marketing material.
BarrierA level of the underlying asset’s value where the structured product’s yield calculation changes. This is also known as redemption barrier, coupon barrier and risk barrier.
Date of Payment See "Settlement"
CertificateA Structured Product, where the Issuer has not committed to repaying at least the Nominal Amount on the Date of Redemption. Although a portion of the amount invested may have a Reimbursement Guarantee. Synonym: "Certificates".
Certified Advisor All companies that are listed on First North must secure the services of a Certified Advisor. The roll of the Certified Advisor is to support the company through the application process on First North, and to ensure that the company follows the regulations of First North. The Certified Advisor is also obligated to ensure that the company continuously complies with the obligations on First North, and to report to the stock market if there has been a violation.
Participation Rate Specifies how much of the increase in the underlying assets that the investor may receive, when calculating the Redemption Amount.
Custody AccountA custody account is available through a custodian. Normally you will pay a custody fee to have the shares held in trust. The advantage of having the shares in a custody account instead of a VP account is the service provided by the custodian. This may vary however, depending upon the custodian.
Distributor A person who, on behalf of the Arranger or the Issuer, sells, markets or otherwise facilitates Structured Products.
Issue Date The date when the Structured Product is issued by the Issuer, which normally is the date when the investment is registered as a security in the relevant clearing system.
Offering Price The price as a percentage of the Nominal Amount that the investor pays for the investment (excluding brokerage fees). For example, the offering price of a Capital Protected Investment (CPI) with a premium of 10 percent, is 110 percent of the nominal amount. The offering price may also be expressed in SEK. Synonyms: "Price", "Issue Price".
IssuerThe person who issues a Structured Product, creates the prospectus and thus is liable for payment under the Final Terms of the Structured Product.
AveragingThe starting price or the final price for the underlying asset is calculated as an average of the index levels, at a number of predetermined times.
Base ProspectusThe document that is drawn up in accordance with the law and which, together with the Final Terms, contains information that is deemed necessary for an investor to make a well-founded assessment of the Issuer and the Structured Product. See also "Final Terms".
Capital Protected Investment (CPI)strong>A Structured Product where the Issuer is committed to repaying at least 100 percent of the Nominal Amount on the Maturity Date/Date of Redemption. A Capital Protected Investment can be offered at a Premium, although the Premium must be consistent with current market practice.
Coupon Interest or yield that can be paid out on several occasions during the Term. The coupon can be calculated in different ways.
Maturity Date/Date of RedemptionThe date when payment for the Structured Product shall be paid by the investor. Synonym: "Payment Date".
Minimum Redemption ValueThe minimum amount in SEK, or as a percentage of the Nominal Amount, that an Issuer has undertaken to repay as stipulated in the Proof/Certificate.
TermUsed to specify the period between the Date of Issue and the Date of Redemption.
Promotional MaterialPromotional Material is compiled for every Structured Product, in the form of a brochure or equivalent that describes the investment’s characteristics and risks.
MentorCompanies that are listed on Nordic MTF must appoint a mentor during the first two years that the shares are traded on this list. The Mentor is approved by the Nordic Growth Market NGM AB for the aim of promoting compliance for companies whose shares are listed on Nordic MTF.
Measurement period This term specifies the time period that applies when Averaging calculations are made of the Initial Price or Final Price.
Nominal AmountThe amount that a Structured Product is exposed at.
PriceSee "Offering Price"
Reference AssetSee ”Underlying Asset”
Expiry/Maturity DateThe day or days when the Closing Price is determined, or alternatively the last day of a period when Averaging is applied.
Closing PriceThe underlying asset or assets’ value on the respective Expiry Date, or alternatively the average price when Averaging is applied.
Final TermsThe document containing the specific terms of a Structured Product. See also "Base Prospectus".
Issue DateThe date or dates when the Opening Price is determined, or alternatively the first day of a period when the average calculation is applied.
Opening PriceThe value of the asset or Underlying Assets on the respective Issue Date, or alternatively the average price when Averaging has been applied.
Structured InvestmentsA collective term for securities whose returns are dependent upon the development of one or more Underlying Assets such as shares, currencies or commodities.
Issue PriceSee ”Offering Price”
Theoretical Terminal ValueA calculated value that a Structured Product would have on the Maturity or Redemption Date, given that the value of the Underlying Assets today.
Surcharge The amount of a structured investment that is added to or subtracted from the Nominal Amount at payment on the Maturity/Redemption Date. Note that the Surcharge amount may be negative, which means that the Redemption Amount may be lower than the Nominal Amount.
Underlying AssetThe asset or assets referred to when calculating the Redemption Value for the Structured Product. Synonym: ”Reference Asset”.
VolatilityA statistical measure of the distribution of the return on a given security or market index. Volatility can be measured by using either standard deviation, or variance between returns from that particular security or market index. Usually a higher volatility for a security means a greater risk.
Redemption ValueThe amount that an investor is entitled to receive on the Redemption Date.
Redemption Date / Maturity DateThe date the Issuer shall pay the Redemption Amount to the investor.
PremiumThe amount paid by the investor over and above the Nominal Amount. The Premium is usually expressed as a percentage of the Nominal Amount.

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