Index Linked Autocall

This USD note has a maximum maturity of 6 years with a potential return of 22% per annum.

The note is based on the positive return on a basket of Nikkei 225, Hang Seng China Enterprises Index, Eurostoxx 50, and S&P/ASX 200.

On a quarterly observation date, if all 4 indexes are above their intitial strikes, then the note will autocall. The note will pay 5.5% per quater. The coupon is a memory coupon so all missed coupon’s will be paid if the note is autocalled.

The note has a 60% European Barrier.

It is offered by an A-rated bank until December 8. The note strike date was November 26th.