This is a 3 year product paying in Euro issued by Mediobanca SpA. It is Express Certificate Plus linked to the performance of Intesa Sanpaolo SpA from 12/16/2016 to the last observation date 12/23/2019 and will be monitored at monthly periods. The product will pay 5 additional 0.5% coupon(s) if the underlying is at or above the 50% of its initial level, paid prior to early redemption periods. The product will mature early if on any monthly date, from period 6, 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 0.5% (on the relevant date when the autocall is triggered). Otherwise the product will pay a coupon of 0.5% if the underlying is at or above the 50% of its initial level. If the product runs to maturity, it will repay the initial investment plus a coupon of 0.5% so long as the worst performing underlying is at or above 50%. If the European protection barrier of 50% 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
Lyfecycle: Early Matured | Fair Value: Sign-in
BACRED Phoenix ISP 0.5 - 30.12.2019
The product has matured at 6/26/2017. Investing in this product at issue price would have resulted in a total return of 0.50%
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