This 6 year US, Spain, Italy and Australian stock market indexes note autocalls after the first year, when all 4 indexes are above their initial value. It pays a 4% coupon twice a year (8% annualized), as long as all indexes are above 85% of their initial value. The coupon has a memory function, so any missed premiums will be paid if the coupon trigger level is met in the future.
The note provides 100% of the notional back at maturity as long as all the underlying Index (worst of) finishes equal to or above the 65% European Barrier. Otherwise, the investor will receive the cash equivalent of the worst performing Index.