US Retail 1 Year USD Autocall Note

This product will return at least 100% of the notional back at maturity as long as the worst performing of Walmart, Macy’s or Best Buy finishes equal to or above the European Barrier.

Otherwise, the investor will receive the cash equivalent of the worst performing stock.

The product is early redeemed if all of the 3 stocks are above 95% of their initial strike price on any quarterly observations date (starting at 6 months).

A guaranteed coupon is also paid every quarter for an annualized return of 7%.