This is a 3 year autocall paying in Sterlings issued by Commerzbank AG linked to the performance of Anglo American PLC, International Consolidated Airlines Group SA and Standard Chartered PLC between 12/22/2014 and 12/22/2017. Although the latest maturity date is 12/22/2017, the product will be monitored at quarterly periods. The product will mature early if at any quarterly date, from period 2, the worst performing underlying is at or above 95% of its initial level (at the relevant date). In which case, the product will repay the initial investment plus a coupon of 9.25%, 13.88%, 18.5%, 23.12%, ... ,41.62%, 46.25% and 50.88% (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 55.5% so long as the worst performing underlying is at or above 95%. 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: Matured | Fair Value: Sign-in
3 Year FTSE 3 Defensive Kick Out Plan December 2014
Key Investment Document (KID)
The product has matured at 1/3/2018. Investing in this product at issue price would have resulted in a total return of 0.00%
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