INVESTMENT DESCRIPTION
CURRENCY USD
STRIKE DATE 20/02/2026
ISIN XS3250157214
COUNTERPARTY BBVA
TYPE Note
RETURN & BARRIERS
Maximum Term: 6 years
Investment Structure: Memory Knockout Low Hurdle Autocall
Autocall Opportunities: Quarterly (First Observation at 12 months)
Autocall Trigger: 100% of initial level, reduced to 80% on the Final Observation
Knock-Out Trigger: 100% of initial level
Coupon Rate: USD: 2.5625% Quarterly (10.25% p.a.)
Capital Risk: Not capital protected
Capital Protection Barrier: 60% Final level (European style)
MATURITY DATE
22/02/2027
FINAL MATURITY DATE
27/02/2032
