The fund is autocallable and has the potential to kick out on four dates throughout its two-year and one-month life. The first observation date is six months from the inception of the product, when the fund will mature with a 5% coupon if the index has risen 6% from its opening level. The next observation date is six months later, when the index must meet the same conditions, but the coupon investors can potentially receive is 10%.
Subsequent payouts are 15% at the next six-month interval and
The week on Risk.net, July 14–20, 2017Receive this by email