| Underlying Assets | Basket of Stock A and Stock B |
| Strike Level | 95% of Initial Executed Price |
| Tenor | 6 Months |
| Knock-out Level | 100% of Initial Executed Price |
| Knock-out Type and Frequency | End of Period, Monthly |
| Knock-in Level | 90% of Initial Executed Price |
| Knock-in Type | Daily Close |
| Coupon Rate and Frequency | 12% p.a., Monthly |
*Worst performing underlying asset is the underlying asset with the lowest performance amongst a basket of underlying assets. The performance of each underlying asset is calculated as the final level against the initial level.
Knock-in Event
Daily observed during the knock-in observation period, if any of the underlying assets closes below the Knock-in Level, a Knock-in Event is deemed to have occurred.
Coupon Payment
Based on the parameters above, the annualised coupon is payable monthly at the end of each observation, an investor will receive such coupon every month until maturity unless an early redemption occurs.
Early Redemption Event
On each monthly observation period, if both Stock A and Stock B closes at or above the Knock-out Level, the FCN will be early redeemed by the Issuer and the investor will receive his principal notional and respective annualised coupon for the period. The FCN is considered fully redeemed and contractual obligations will cease.
