The document describes the division of a range length into three segments: low range, middle range, and high range, for a series of range index options. It explains how the cash settlement amount varies within these ranges based on the level of the underlying index. An example is provided with specific values for range length, range interval, maximum range exercise value, and multiplier. Additionally, it discusses the behavior of holders of American-style options in terms of exercising or making closing transactions.
documents/vol00010-efta01353496-pdf.pdf
{"document_type":"other","reference_numbers":["EFTA01353496"]}