INVESTMENT DESCRIPTION
CURRENCY USD
STRIKE DATE 21/11/2025
ISIN XS3206886122
COUNTERPARTY Santander
TYPE Note
RETURN & BARRIERS
Maximum Term: 3 Years
Investment Structure: Memory Income Autocall
Autocall Opportunities: Quarterly(First Observation at 12 months)
Autocall Trigger: 95% of initial level
Memory Income Rate: USD: 3.625% Quarterly(14.50% p.a.)
Income Trigger: 55% of initial level
Capital Risk: Not capital protected
Capital Protection Barrier: 55% Final level (European style)
MATURITY DATE
23/11/2026
FINAL MATURITY DATE
01/12/2028
