24 Months USD Phoenix Memory Decreasing on 3 US Techs

September 25, 2018

This two year note offers a 1.75% quarterly dividend so long as the worst perfoming of three technology stocks remian above 70% of its initial value. The coupon payment has a memory effect, so if a coupon is missed but the stocks rise above 70% during the term, then all previous coupons will be paid.

The three stocks are stalwarts of US technology – Microsoft (MSFT), Oracle (ORCL) and Salesforce (CRM).

The note will redeem early if the worst preforming stock is above the Autocall level. The Autocall starts at 100% and decreases by 3 basis points every quarter. If the note does not autocall early, the note will return 100% of capital at maturity, so long as the worst perfoming stock does is not more than 30% down from its intitial price. If the worst performing stock is below that level the note will lose money on 1 for 1 basis.

FTSE Twin Win 5 Year USD Note

September 25, 2018

A 5 year investment linked to the performance of the FTSE 100 index.
The investment is designed to deliver gains if the index moves either up or down as long as the Protection Barrier is not breached on the Final Observation Date.
If, at maturity, the index is above its initial level, capital will be returned plus 160% participation in the growth. This means that for every 1.0% the index rises, 1.6% will be paid.
If, at maturity, the index is below its initial level and above the 65% Protection Barrier, capital will be returned plus 1% for each 1% the index is down.
If, at maturity, the index is below 65% of its initial level, capital return will be reduced on a 1-for-1 basis. For example if the index has fallen to 40% of its original level, 40% of the capital will be returned with no coupon.

Classic Autocall on 4 Developed Markets (GBP)

September 25, 2018

A 6 year investment linked to the performance of the UK, Swedish, Australian and European indices.
If on any semi-annual observation date (including the Final Observation Date), starting at 12 months, all of the underlyings are at or above their initial levels, the investment will autocall. Initial capital plus the coupon for each semi-annual period which has elapsed is paid and the investment will end.
If the investment does not autocall then at the final observation date, if all underlyings are at or above 60% of their initial levels, full capital is returned.
If any underlying is below 60% of its original level at maturity, capital return will be reduced on a 1-for-1 basis. For example if the worst performing underlying has fallen to 40% of its original level, 40% of the capital will be returned and no coupon is paid.

Classic Autocall on 4 Developed Markets (USD)

September 25, 2018

A 6 year investment linked to the performance of the UK, Swedish, Australian and European indices.
If on any semi-annual observation date (including the Final Observation Date), starting at 12 months, all of the underlyings are at or above their initial levels, the investment will autocall. Initial capital plus the coupon for each semi-annual period which has elapsed is paid and the investment will end.
If the investment does not autocall then at the final observation date, if all underlyings are at or above 60% of their initial levels, full capital is returned.
If any underlying is below 60% of its original level at maturity, capital return will be reduced on a 1-for-1 basis. For example if the worst performing underlying has fallen to 40% of its original level, 40% of the capital will be returned and no coupon is paid.