3 Year USD Decreasing Autocall

This is a 3 year USD Decreasing Autocall on Facebook, Amazon, Apple, Samsung and Microsoft. If all stocks are above their call level shown below on the respective quarterly observation date the note will redeem with the corresponding profit. This is equivalent to a 14% annual coupon.

Q1: NC
Q2: 100% of its initial level – Redemption @106.50%
Q3: 96.5% of its initial level – Redemption @109.75%
Q4: 93% of its initial level – Redemption @113.00%
Q5: 89.50% of its initial level – Redemption @116.25%
Q6: 86% of its initial level – Redemption @119.50%
Q7: 82.50% of its initial level – Redemption @122.75%
Q8: 79% of its initial level – Redemption @126.00%
Q9: 75.50% of its initial level – Redemption @129.25%
Q10: 72% of its initial level – Redemption @132.50%
Q11: 68.50% of its initial level – Redemption @135.75%
Q12: 65% of its initial level – Redemption @139.00%

If the note does not Autocall, the note will return 100% of invested capital so long as the worst performing stock is above 60% of its initial strike on observation. If the worst performing stocks peerformance is more than 40% negative at maturtiy, the note will return capital of the worst performing stock’s value.