BBVA Microchips 70-70 Low Hurdle Autocall Feb 2024 GBP

INVESTMENT DESCRIPTION

CURRENCY GBP

STRIKE DATE 05/02/2024

ISIN XS2696243539

COUNTERPARTY BBVA

TYPE Note

RETURN & BARRIERS
Maximum Term: 4 years
Investment Structure: Low Hurdle Autocall
Autocall Opportunities: Semi-Annual (First Observation at 24 months)
Autocall Trigger: 100% of initial level, reduced to 70% on the Final Observation
Coupon Rate: GBP: 10.30% Quarterly (20.60% p.a.)
Capital Risk: Not capital protected
Capital Protection Barrier: 70% Final level (European style)

MATURITY DATE
05/02/2026

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