Express Certificate on Brazil, China and FTSE 100 (Secondary Market)

This 5-year note was struck in August 2012 as an autocall (annual) note paying a 10.5% coupon. The autocall trigger is set at 100%. The note is currently trading at about 70% of its nominal value, giving the investor a potential upside gain of nearly 30% if the note does not close with one of its indexes below the 50% capital protection barrier.

If the trigger levels are met, all outstanding coupons will be paid.

The Bank is A rated by Fitch.