This growth based note has the opportunity for an early maturity after 3 months.  If the note autocalls, clients will receive their invested capital back plus a snowballing coupon for each quarterly period that has elapsed.

GBP:  9.00% Quarterly (36.00% p.a.) gross
USD:  9.50% Quarterly (38.00% p.a.) gross

Underlyings – UK: FTSE 100 / Spain: IBEX 35 / Australia: S&P ASX 200 / Hong Kong: Hang Seng

100% of initial level Autocall Trigger (First call after 3 months)
60% Final Level (European style) Barrier
Maximum Term: 6 years