Warrants are derivatives that give you exposure to an underlying asset (like a share or currency) at a fraction of its cost. They leverage your exposure to an asset - so they increase risk - but also give you the potential for higher returns. Macquarie offers a range of warrants to suit your investment or trading needs.
Currency Warrants are a low-cost way to get exposure to movements in the exchange rate between currencies. They give you the potential to profit from the rise or fall in the exchange rate. You can use them as a trading tool or for protection against adverse exchange rate movements.
Equity Warrants are a low-cost way to get increased exposure to a share. They are the most heavily-traded warrants in the market, and are used as a trading tool or for protection against adverse price movements. Equity Warrants give you leveraged share exposure at a fraction of the underlying share price.
Turbo Warrants are a new type of warrant listed on the ASX, comprising barrier style call and put warrants over a variety of shares and indicies. These warrants have a knock-out Barrier Trigger Level which is set at the same price as the exercise price of the Turbo Warrant. (If the underlying share or index touches the Barrier level at any time during the term of the warrant, the Barrier is triggered and the Turbo Warrant will be terminated with no payment made to holders.) Turbo Warrants provide a cheaper alternative to gain exposure to share price movements.
Where we provide any advice on this webpage, it has been prepared by Macquarie Bank Limited ABN 46 008 583 542 (Macquarie) without considering your objectives, financial situation or needs. Before acting on any advice on this webpage, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this webpage.
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