This 5 year note from an A-rated Swiss bank is a play on three biotech companies, Novavax Inc, BioNTech SE, Moderna Inc that work on the COVID vaccine. The note pays a 20% per annum coupon (paid quarterly with memory) in either GBP or USD if all stocks are above the coupon barrier of 60%. The note can be autocalled after 6 months, if all stocks are above their initial prices. The note has a 60% European protection barrier.

Closing Date is June 4th, 2021.