This is a 5 year autocall paying in Euro issued by Landesbank Baden-Wuerttemberg linked to the performance of Volkswagen AG between 01/16/2015 and 01/17/2020. Although the latest maturity date is 01/17/2020, the product will be monitored at annual periods. The product will mature early if at any annual date, from period 1, the worst performing underlying is at or above 100% of its initial level (at the relevant date). In which case, the product will repay the initial investment plus a coupon of 4.50% (at the relevant date when the autocall is triggered). Otherwise the product will pay a coupon of 4.50% if the underlying is at or above the 80% of its initial level. Not paid coupons will be accumulated and will be paid when the condition will verify. If the product runs to maturity, the product will repay the initial investment plus a coupon of 4.50% so long as the worst performing underlying is at or above 80%. If the European protection barrier of 80% has not been breached, the nominal value will be paid, otherwise the product will repay the initial investment less any negative worst performing underlying measured over the term of the product
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LBBW Memory Express Zertifikat plus Volkswagen - 24.01.2020
Key Investment Document (KID)
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