Asset 1: Floored Put. Formula: H1 = max (X1 - S12, 0) - max (X2 - S12, 0) X1 = 2; X2 = 1.3

Asset 2: unidentified

A Floored Put could very well be represented by two put options: one long and the other short. The financially equivalent counterpart, as identified by PAT, looks somewhat different in shape compared to the original payoff.