Bottom-Down (also referred to in German)

A special type of warrant whose terms and conditions specify a threshold value (bottom) for the financial product. If the reference price remains below this threshold during the entire term (European version; European exercise), then the owner of the warrant receives a fixed repayment. However, if the reference price rises above the threshold value, the warrant expires and becomes worthless. – See strike price, knock-out option, option, path-dependent, sleepy warrant.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/