The payment to the investor on the expiration date is determined by the formula:
P = PR × Y + LCP-C, where:
• P - payment to the investor on the expiration date;
• PR - participation rate;
• C - commission for the creation of the structured product;
• Y - the yield of the underlying asset for the period from the date of product creation to the maturity date;
• LCP - the level of capital protection.