This is a 5 year autocall paying in Euro issued by Banca Aletti Spa linked to the performance of EURO STOXX Banks Index between 05/05/2015 and 04/17/2020. Although the latest maturity date is 04/17/2020, 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 5.5%, 11%, 16.5% and 22% (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 27.5% 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
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ALETTI Autocallable Step SX7E Index 5.5 - 17.04.2020
Key Investment Document (KID)
The product has matured at 4/16/2020. Investing in this product at issue price would have resulted in a total return of -44.46%
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