The 7.5% Streaming Reverse Convertible Bond is redeemed at 100% nominal value at the maturity date (July 2023), provided that, during the observation period, the closing price of each of the three underlying shares (Amazon.com Inc., Netflix Inc. and Spotify Technology S.A.) 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 three 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 all three 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 Spotify on March 04, 2022