Key features of Inline Warrants

  • Two strike prices – Upper and Lower Strikes
  • Inline Warrants are "In-The-Range" when the underlying price falls at or within the range between the Upper Strike and the Lower Strike (both inclusive), otherwise are "Out-Of-The-Range"
  • As shown in below graph as an example, if the underlying Hang Seng Index is at 28000, the Inline Warrants are "In-The-Range"
  • If the underlying Hang Seng Index level drops below 27000 or moves above 30000, the Inline Warrants are "Out-Of-The-Range"
  • Inline Warrants can be bought and sold before expiry or held until maturity
  • No mandatory call feature