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Index Equity Wave warrants

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SJ
Contributor
I am looking for info as to how these work. Take TOPDWW as an example: It shows that it has lapsed on time basis, but has not yet hit the barrier. Do these warrants continue indefinitely until they hit the barrier?
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3 REPLIES 3
SimonPB
Valued Contributor
no, they also have an expiry date .. so they die at barrier or date, whichever is first ..
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SJ
Contributor
Thanks Simon, so what would happen if you held these and they expire on time? Do you get market value or does it become worthless?
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SimonPB
Valued Contributor
it would pay out intrinsic value, that would pretty much be the price on last day just before close
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