Details
type
autocallable with memory
status
not issued
currency
usd
Protection
barrier type
european
barrier
70%
Autocall
autocall trigger
100%
observation frequency
quarterly
redemption amount
100%
first obs. in
3 months
autocall step down
100%
Coupon
coupon type
conditional
coupon frequency
quarterly
coupon memory
yes
coupon barrier
70%
coupon per annum
15%
Coupon & redemption mechanism
At each quarterly observation
If the worst performer is above the Autocall Trigger Level
YES
early redemption: the product redeems at 100%
NO
no early redemption: the product continues
If the worst performer is above the Coupon Barrier Level
YES
coupon: 3.750% x (1+n) where n is the number of previously unpaid coupons
NO
0%, coupon will be paid if one of the next coupon observations condition is validated
At maturity
If the worst performer is above the protection barrier
YES
the investor receives the 100% invested. and, if the worst performer is above the coupon trigger, the investor receives 3.750% x (1+n)
no
the investor recives the physical delivery of shares of the worst performer at the strike price (or its equivalent in cash)