BBVA Step-Down Quarterly Autocall January 2020 USD

INVESTMENT DESCRIPTION

CURRENCY USD

STRIKE DATE 30/01/2020

ISIN XS2103132812

COUNTERPARTY BBVA

TYPE Note

RETURN & BARRIERS
Maximum Term: 6 years
Investment Structure: Annual Memory Income Autocall
Autocall Opportunities: Quarterly (First Observation at 12 months)
Autocall Trigger: 100% of initial level reducing 2.5% each quarter until 80%
Autocall Coupon: USD = 2.025% Quarterly
Capital Risk: Not capital protected
Capital Protection Barrier: 65% Final level (European style)

MATURITY DATE
28/04/2025