The 9.5% Automobile Plus Reverse Convertible Bond is redeemed at 100% of the nominal value at the maturity date (May 2025), provided that the closing price of each of the two underlying shares (BMW AG, Continental AG, Volkswagen AG) quotes above the barrier of 60% of the respective strike at the end of the term (observation only at the final valuation date). The interest amount of 9.5% is paid out, regardless of the performance of the underlying shares.

In case at least one of the underlying shares quotes below its barrier (60%) at the final valuation date, the predefined amount of the worst performing share will be delivered.