The 7.5% Social Media Reverse Convertible Bond is redeemed at 100% nominal value at the maturity date (August 2023), provided that, during the observation period, the closing price of each of the two underlying shares (Facebook Inc. and Twitter Inc.) always quoted above the barrier of 55% of the strike (daily observation). The interest amount of 7.5% is paid out annually, regardless of the performance of the underlying shares.If the barrier of at least one of the two shares is violated and at least one of the underlying shares is quoted below its strike price, only the share with the worst performance is physically delivered. If both underlying shares quote at or above their strike at the final valuation date, the product is redeemed at 100% nominal value despite a barrier event.

The barrier has been touched by Twitter Inc on January 21, 2022