This is a 5 year note that allows investors to potentially profit from either a positive or negative move in the UK’s FTSE 100 Index.

The note has 160% Participation on the upside performance of FTSE and 100% Participation on the downside performance of FTSE.

The note has a 65% European Barrier, so if the FTSE closes more than 35% down at matuirty capital is at risk on a 1:1 basis.