IT0005117491

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ALETTI Autocallable Step AAPL 3.2 - 19.06.2020

Summary

This is a 5 year autocall paying in Euro issued by Banca Aletti Spa linked to the performance of Apple Inc between 02/07/2015 and 19/06/2020. Although the latest maturity date is 19/06/2020, 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 3,2%, 6,4%, 9,6% and 12,8% (at the relevant date when the autocall is triggered). 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 16% so long as the worst performing underlying is at or above 100%. 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 plus a minimum repayment of 20% of the initial investment

 Key Investment Document (KID)


Product Sheet

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This product have been mapped on /Italy/2015 and have been modelled using the template /Structured Products/Autocall



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