Disclaimer:  Even though every effort has been made to ensure this warrant data's accuracy, Standard Bank, or an associated company can not be held responsible for any errors contained herein. Please use the data with caution. We recommend that you contact the issuer for confirmation of key data.
Code Knockout
Expiry Type Ratio Effective
Jse Top40 Index TOPSKA 38†000 08-Apr-21 European Knockout Call 500 3.45
Jse Top40 Index TOPSKB 47†000 08-Apr-21 European Knockout Call 500 24.72
Jse Top40 Index TOPSKC 47†000 03-Nov-21 European Knockout Call 500 7.23
Jse Top40 Index TOPSKV 55†000 08-Apr-21 European Knockout Put 500 20.34

Before Trading in Knockout! Warrants Please Note The Following:
  • Ensure you understand the product properly, and have experience in trading derivatives.
  • If you are an inexperienced trader donít trade Knockout! Warrants.
  • Buy Knockout Calls if you are bullish, buy Knockout Puts if you are bearish.
  • Keep in mind that different Knockout! Warrants will have different Knockout Levels.
  • With every investment, one needs to have a time horizon. Donít buy a Knockout Put listed on an index that you feel might fall in the next 3 months, if the Knockout Put expires in 1 month.
  • Once you have entered the position, keep a close watch of the current index level and your Knockout Level.
  • Manage the Knockout Level. If the index approaches the Knockout level, we recommend you exit that Knockout whilst it still has value.
  • Please note Standard Bank will not be a seller of the Knockout! Warrants close to the Knockout Level.
  • Please note the Knockout Level is set off the spot price of the Top40 Tradeable, but Knockout! Warrants are hedged in the FTSE/JSE Top40 Index Future.
How to Identify a Standard Bank Knockout! Warrant