标的物、理财标的物、金融产品，理财产品

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Note added at 15 mins (2023-02-13 00:55:41 GMT)
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也可以翻译为：标的资产。这个something 就是指下文中的Underlying Asset。

标的资产（Underlying Asset）可能是指： 金融术语——标的资产(金融)：金融中的标的资产，有时也称“标的物”是指衍生品合约中约定的资产，可以是实物商品（如原油、小麦、铜等）、金融资产（如外汇、银行存款、股票、证券等）、利率、汇率或各种综合价格指数等。

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Note added at 19 mins (2023-02-13 01:00:06 GMT)
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下文说 futures and options are derivative securities, meaning their value is derived from an underlying asset 说明了 An options is based on [an underlying asset]：

Futures Vs. Options: How They Work, Comparison, Exampleshttps://www.businessinsider.com › ... › Investing
Jan 14, 2022 — Both futures and options are derivative securities, meaning their value is derived from an underlying asset, such as a stock or commodity.
‎What Are Futures? · ‎What Are Options? · ‎An Example Of Futures Vs...

Options based on [something] that is hard to deliver – eg, a stock index such as the FTSE 100 – will be cash settled.
基于某些难以交付的东西的期权 - 例如 FTSE 100 这个股票指数 - 将会用现金结算。