This structured note offers a way to protect an investment on Disney's stock. Although it caps your profits at 7.50% annually, it sets a barrier, that protects the investor up to a 50% downfall of the stock.

1. Early redemption: The
product redeems at 100%
If the Underlying is
above the Autocall
Trigger (100%)
At each
semiannual
observation
No early redemption:
the product continues
Yes
Coupon: 3.750%Guaranteed Coupon
Product Payoff
Yes No
Underlying Past Performance
Name Spot Performance YTD
Analyst
Consensus
Walt Disney $108.15 Buy-25.22%
Autocall with
Guaranteed
Coupon
Single Underlying
• Walt Disney
Type
Maturity
Currency
Autocallable
24 months
USD
Type Single Underlying
Barrier Type
Protection Barrier
European
50.00%
Details
Reference
Protection
Autocall Trigger
Observation Frequency
Redemption Amount
First Obs. In
100%
Semiannually
100%
6 Months
Autocall
Coupon
Coupon Type
Coupon Frequency
Coupon per Annum
Guaranteed
Semiannual
7.50%
The investor receives 100% + 3.750%
The investor receives the physical delivery
of shares of the worst performer at the
strike price (or its equivalent in cash) +
3.750%
If the Underlying is
above the
protection barrier
At Maturity
No
Yes
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Product Highlights
• Pays out an annual coupon of 7.50%
• Protects the investor, up to a 50% fall of the Underlying