Asset 1: Asset or Nothing Put Option. Formula: H1 = S12 * heavy (X - S12) X=1.1

Asset 2: Cash or Nothing Call option

This is again a situation where a financially equivalent payoff on the opposite side of the market is not similar to the shape of original payoff. However, it is obvious that the payoff on Asset 1 in terms of Asset 2 has the shape of a Cash or Nothing Call option payoff.