INVESTMENT DESCRIPTION
CURRENCY USD
STRIKE DATE 11/09/2025
ISIN XS3108801914
COUNTERPARTY BBVA
TYPE Note
RETURN & BARRIERS
Maximum Term: 6 years
Investment Structure: Reducing Autocall
Autocall Opportunities: Semi-Annual (First Observation at 12 months)
Autocall Trigger: 100% of initial level, reducing 2.0% per period
Coupon Rate: USD: 4.76% Semi-Annually (9.52% p.a.)
Capital Risk: Not capital protected
Capital Protection Barrier: 60% Final level (European style)
MATURITY DATE
11/09/2026
FINAL MATURITY DATE
18/09/2031
