| Underlying | Gazprom, Alcoa and Credit Agricole |
| Strategy | Express certificate |
| Coupon Trigger 100% | 4.9% one off |
| Coupon Trigger 101% | 6.3% one off |
| Coupon Trigger 102% | 7.7% one off |
| First observation | after two weeks |
| Barrier | 80% European Style |
| Autocall (early redemption) | after two weeks |
| Duration | 1 Year |
This is the structure of a classical express certificate. The advantage of this structure is that the coupon is paid after two weeks. As soon as the coupon trigger is reached the coupon is paid and the product redeemed.
Structured Certificates
