Issuer: European financial institution with rating A- or better from S&P

**Admin** Fri Oct 10, 2014 6:28 pm

1Y EUR Reverse Convertible on Construction Stocks

Issuer: European financial institution with rating A- or better from S&P
Currency: EUR (USD optional)
Maturity: 1 year
Underlyings: Airbus, STMicro, LVMH
Coupon: 7% p.a. (guaranteed)
Capital Barrier: 70% at maturity
Issue Price: 99.50%

Description of the product

This Barrier Reverse Convertible on Construction stocks is issued by a well rated European financial institution. It has a maturity of 1 year and pays a
guaranteed coupon of 7% p.a. At maturity the investor has a capital protection of 30%. If all underlying stocks close above 70% of the initial price the
product will be redeemed with 100%. Otherwise the investor gets the performance of the weakest stock as redemption amount. The underlying
European stocks depend on global exports. They have expenses in Euro and high revenues in U.S. dollar and thus can benefit from a weaker euro versus
U.S. dollar.