IT0005158644

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ALETTI Autocallable Step GLE 6.5 - 19.02.2021

Summary

This is a 5 year autocall paying in Euro issued by Banca Aletti Spa linked to the performance of Societe Generale SA between 2/26/2016 and 2/19/2021. Although the latest maturity date is 2/19/2021, 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 6.5%, 13%, 19.5% and 26% (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 32.5% 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

 Key Investment Document (KID)


Recorded Performance

The product has matured at 2/20/2017. Investing in this product at issue price would have resulted in a total return of 6.49%

Product Sheet

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This product have been mapped on /Italy/2016 and have been modelled using the template /Structured Products/Autocall



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