Defining risk and return

Defining risk and return

This is a six-year kickout product linked to the FTSE 100 index that offers a potential annual return of 6.5% if the underlying is equal to or higher than its initial level at any observation point from the third year onwards.

For example, if kickout occurs on the third anniversary investors will receive a 19.5% return. If the index is below its initial level on any of the review dates, the product will continue until the next review date without kicking out.

If kickout does not occur but the