Semiconductor Autocall Phoenix

A three and a half year (42 month) decreasing semiconductor autocall note on 4 chip stocks: ASML Holding, Lam Research Corporation, Micron Technology, and Qualcomm.

The ‘worst-of’ note pays 3% quarterly (12% per annum) if all the stocks stay above 80% of their initial value on each observation date. The autocall trigger decreases quarterly by 2 basis points, also, while the European Barrier is at 65%.

This is a US Dollar denominated note.