INVESTMENT DESCRIPTION
CURRENCY USD
STRIKE DATE 22/09/2025
ISIN XS3108821607
COUNTERPARTY BBVA
TYPE Note
RETURN & BARRIERS
Maximum Term: 4 years
Investment Structure: Memory Income Reducing Autocall
Autocall Opportunities: Semi-Annual (First Observation at 12 months)
Autocall Trigger: 100% of initial level, then reduced by 2.50% every 6 months
Memory Income Rate: USD: 7.60% Semi-Annual (15.20% p.a.)
Income Trigger: 60% of initial level
Capital Risk: Not capital protected
Capital Protection Barrier: 50% Final level (European style)
MATURITY DATE
22/09/2026
FINAL MATURITY DATE
01/10/2029
