<aside> 💡 This is a type of principal protected note that is popular in traditional finance.
Offered by Fig Investments, this note gives the note holder a variable return linked to the performance of a Bitcoin Index upon maturity while promises the return of principal regardless of the ending value of the Bitcoin Index.
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| Issue Date | Within One Calendar Year from Sept 22, 2023 |
|---|---|
| Currency | United States Dollars (USD) |
| Issuing Entity | Volatility Labs Inc. - A Canadian Private Corporation |
| Credit Rating | Not rated |
| Issue Price | $10,000 Per Note |
| Min Purchase | 2 Notes |
| Participation Rate | 10% - 100% Bitcoin Index Participation |
| Term to Maturity | Min: 1 month |
| Max: 12 Months | |
| Min / Max Principal Hedge | 70% / 100% - Variable |
| Tracking Index | Bitcoin Index |
| Who Can Purchase | Accredited Investors |
| Early Redeemable | Not Guaranteed |
| Fees | Product Origination: 0.05% of principal |
| Spread on Bitcoin Options: Varies - disclosed on term sheet | |
| Early Trading Fee: 0.50% of note principal | |
| Other Fees & Expenses: $0 |
The payoff of the note will be the principal at minimum and increases with the value of the Bitcoin Index upon the note’s maturity.
What is Principal Protected Note
Term To Maturity & Redeemability