This is a 3 year product paying in Euro issued by Mediobanca SpA. It is Express Certificate Plus linked to the performance of Enel S.p.A. from 3/12/2018 to the last observation date 3/12/2021 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 70% 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 70% 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 70% . If the European protection barrier of 70% 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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BACRED Phoenix Memory ENEL 0.5 - 19.03.2021
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