Domestic Payoff: Supershare 1 Formula: Hd = (heavy (Sd - Xd) – heavy (Sd - Xd - Vd)) / Vd Vd=0.8; Xd = 1.3

Foreign Payoff: Supershare 2

Here, PAT easily identifies the foreign financially equivalent payoff for a Supershare 1 type of exotic option. The foreign payoff has the shape of a Supershare 2 type of option (page 18).