Knockout warrants?

[Galuc]

Great name but can someone enlighten me?

[SimonPB]

strike is also a barrier .. if the index trades at that level the warrant expires immediately ..

[#3]

These seems similar to Db "Waves"product. I played with those about 5 years ago, lost my shirt and then some. Stay away if you are not an experienced trader and can really time/read markets (or you use Eddie66 system, if Eddie invests one way do the opposite ;-) ). The rewards are really good if you can use the no emotion option but when you loose you loose BIG. Knock out is exatcly that. the the price touched the "knockout" level you loose everything. Unlike shares/warrants etc where you can wait/gamble on the sahre comming back you are out end of story... Think this is right...Simon?

[GL]

Sound like Warrants that have been designed to knock out your portfolio.