INVESTMENT DESCRIPTION
CURRENCY USD
STRIKE DATE 10/09/2025
ISIN XS3108826408
COUNTERPARTY BBVA
TYPE Note
RETURN & BARRIERS
Maximum Term: 2 years
Investment Structure: Semi-Annual Reducing Autocall
Autocall Opportunities: Semi-annual (First Observation at 6 months)
Autocall Trigger: 100% of initial level then reduced by 7% per period
Autocall Rate: USD = 3.375% Semi-Annual
Capital Risk: Not capital protected
Capital Protection Barrier: 65% Final level (European style)
MATURITY DATE
10/03/2026
