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Newsflash

Strong Yen Helps to Fuel Germany’s Export Boom
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Newsflash Strategies

Capped Outperformance Certificates

Your Market Expectations

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Reverse Convertible worst of Sector Auto, Bank, Telecom and Oil&Gas

Underlying SXAP (Autos), SX7P (Bank), SXKP (Telecom) and SXEP (OIL&GAS) 
Strategy Reverse Convertible worst of 
Currency EUR
Maturity 15 Months 
Barrier 75% American Style 
Coupon 10.5% 
Trading Suggestions
Express Certificate on Bank of America, Goldman and Citigroup
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