This is a 4 year product paying in Euro issued by Banca Aletti Spa. It is Express Certificate Plus linked to the performance of Enel S.p.A. from 10/20/2014 to the last observation date 10/18/2018 and will be monitored at annual periods. The product will mature early if on any annual date, from period 1, the worst performing underlying is at or above 100% of its initial level (on the relevant date). In this case the product will repay the initial investment plus a coupon of 9%, 18% and 27% (on the relevant date when the autocall is triggered). If the product runs to maturity, it will repay the initial investment plus a coupon of 9% so long as the worst performing underlying is at or above 60% and when the underlying level is at or above the 100% an additional coupon of 27% will be paid. If the European protection barrier of 60% 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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ALETTI Autocallable Step Plus ENEL 9 - 18.10.2018
Key Investment Document (KID)
The product has matured at 10/19/2015. Investing in this product at issue price would have resulted in a total return of 8.98%
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