The USD 7.25% Digital Leaders Protect Reverse Convertible Bond offers a fixed annual interest rate of 7.25%. At the maturity date (August 2020) the certificate is redeemed at 100% of the nominal value if the daily closing price of each underlying share (Alphabet Inc. C, Amazon.com Inc., Apple Inc.) always quoted above the respective barrier of 55% during the observation period (daily observation).

In case the barrier is touched or undercut by at least one of the underlying shares and the daily closing price of all shares is at or above the respective strike at the final valuation date, the product is also redeemed at 100% of the nominal value.

If closing price of at least one share quotes below its strike at the final valuation date after the barrier was hit, the predefined amount of the worst performing share (percentage performance from the starting value to the closing price at the final valuation date) will be delivered.