Asset 1: Supershare 1 Formula: H1 = (heavy (S12 - X) - heavy (S12 - X - V)) / V X = 0.8; V = 1.3

Asset 2: Supershare 2

Here, PAT easily identifies the financially equivalent payoff for a Supershare 1 type of exotic option. The financially equivalent payoff on Asset 1 in terms of Asset 2 has the shape of a Supershare 2 type of option.