BBVA Drop Down Autocall Nov 2022 USD

INVESTMENT DESCRIPTION

CURRENCY USD

STRIKE DATE 29/11/2022

ISIN XS2392205097

COUNTERPARTY BBVA

TYPE Note

RETURN & BARRIERS
Maximum Term: 6 years
Investment Structure: Drop Down Autocall
Autocall Opportunities: Semi Annual (First Observation at 12)
Autocall Trigger: 100% of initial level, then reduced by 5% every 6 months, floored at 90% from 24 months
Coupon Rate: USD: 7.20 % Semi Annually (14.40% p.a.)
Capital Risk: Not capital protected
Capital Protection Barrier: 60% Final level (European style)

MATURITY DATE
29/05/2024