This 60 month note with semi-annual observations will pay 3% every six month and Autocall if all of the following indexes trade above their initial strike levels:

• Australia: S&P/ASX 200 INDEX (AS51 Index)
• Japan: NIKKEI 225 (NKY Index)
• Emerging Markets: MSCI EM (MXEF Index)
• Switzerland: SWISS MARKET INDEX (SMI Index)
• Italy: FTSE MIB INDEX (FTSEMIB Index)

The note is 100% Capital Protected at maturity, if its not autocalled.
The coupon has a memory effect.