Issuer Mark-up

The amount added by the Issuer to the cost of an Underlying Investment to arrive at the Issue Price of a  Certificate. The Issuer Mark-up is 10% of the cost of the Underlying Investment, subject to a Minimum Issuer Mark-up.

The Issuer Mark-up reflects the costs of the transaction including the fees payable by the Issuer to the Registrar and to the Issuer’s other service providers.