BBVA 85-65 Memory Income Reducing Autocall October 2020 USD

INVESTMENT DESCRIPTION

CURRENCY USD

STRIKE DATE 09/10/2020

ISIN XS2174047972

COUNTERPARTY BBVA

TYPE Note

RETURN & BARRIERS
Investment Structure: Memory Income Reducing Autocall Autocall Opportunities: Semi-Annual (First Observation at 12 months)
Autocall Trigger: 100% of initial level then reduced by 1.5% every 6 months
Memory Income Rate: USD = 4.00% semi-annually
Income Trigger: 85% of initial level
Capital Risk: Not capital protected
Capital Protection Barrier: 65% Final level (European style)

MATURITY DATE
09/10/2025