The shark fin explained

The shark fin payoff its distinctive by its shape and is defined as a product which pays a positive performance linked return as long as the barrier is not breached. If the barrier is breached the payoff is a fixed payment which is usually much lower than the maximum underlying linked return. Plotting this payoff on a chart gives the recognisable shark fin shape and is illustrated later in this article. The top three countries for issuance of shark fin structures are China, South Korea and Bra