Totally new to the world of quant finance, so perhaps this is an odd question...
Does there exist an American equivalent to the German style "knock out zertifkate"? (The name might be slightly wrong.)
Not even exactly sure what they are, but from what I did learn about their behavior, the nearest thing I could find on Wikipedia was: http://en.wikipedia.org/wiki/Turbo_warrant
If there is not an american equivalent, does anybody know where to get English language details and pricing history/data?