This is a 2 year product paying in Euro issued by Banca Aletti Spa. It is Express Certificate Plus linked to the performance of ENI SPA from 4/16/2014 to the last observation date 5/19/2016 and will be monitored at semiannual periods.. The product will mature early if at any semiannual date, from period 1, the worst performing underlying is at or above 100% of its initial level (at the relevant date). In this case the product will repay the initial investment plus a coupon of 3%, 6% and 9% (at the relevant date when the autocall is triggered). If the product runs to maturity, the product will repay the initial investment plus a coupon of 12% so long as the worst performing underlying is at or above 75%. If the European protection barrier of 75% 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 ENI 3 - 19.05.2016
Key Investment Document (KID)
The product has matured at 5/18/2016. Investing in this product at issue price would have resulted in a total return of -21.14%
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