ACTIVE PRODUCT

BANKS LOW HURDLE MEMORY KNOCK-OUT AUTOCALL | XS2928447197

RETURNS AND
BARRIERS

  • Maximum Term: 4 years
  • Investment Structure: Memory Knock-Out Autocall
  • Autocall Opportunities: Quarterly (First Observation at 6 months)
  • Knock-Out Trigger: 95% of initial level 70% on the Final Observation
  • Coupon Rate: USD: 4.25% Quarterly (17.00% p.a.)
  • Capital Protection Barrier: 50% Final level (European style)

INCOME GBP

INCOME USD

INCOME EUR

GROWTH GBP

GROWTH USD

USD: 4.25% Quarterly (17.00% p.a.)

GROWTH EUR

ISIN

XS2928447197

STRIKE DATE

February 6, 2025

UNDERLYING

UniCredit SpA
Commerzbank AG
Banco Bilbao Vizcaya Argentaria SA
Morgan Stanley

STRIKE LEVELS

43.20
18.94
11.63
141.08

AUTOCALL
TRIGGER

43.89
17.99
11.04
134.02

NEXT
OBSERVATION

August 6, 2025

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