{if isset($product) AND $product}
    {if ((is_object($product) AND isset($product->specificPrice) AND isset($product->specificPrice.reduction) AND $product->specificPrice.reduction) OR (!is_object($product) AND isset($product.reduction) AND $product.reduction) OR 
    (isset($productPriceWithoutReduction) AND isset($productPrice) AND ($productPriceWithoutReduction > $productPrice)))}
        <div class="@iconReducedPrice.classNames @classNames">
            <span>{l s='Reduced price!'}</span>
        </div>
    {/if}
{/if}