European Defensive Income Note

This 6 year USD note has a potential annual coupon (with memory) of 8.5% p.a. payable if no index has fallen below the coupon trigger level of 85%. There is also the potential to mature early from end of year 1, if all indices are at or above their initial level.

The note also has a European capital protection barrier at 65%.

 

Underlying:
Euro Stoxx 50 Index
Sweden’s OMX Index
UK’s FTSE 100 Index

The closing date for this note is 21st December 2018.