BBVA 5Y LOW HURDLE INDEX AUTOCALL
EARN UP TO
13.0% in USD
OR 12.0% IN GBP PER ANNUM
This product is available until 26th October 2023
Low Hurdle Autocall at Maturity
Coupons paid as soon as product autocalls
Downside Protection
HOW THIS NOTE WORKS...
ISINS
USD: XS2608958935
GBP: XS2608959313
This is a structured investment with defined risk and returns. It has some interesting features as outlined below:
This is a 5-year structured investment linked to the performance of Nikkei 225, NASDAQ 100 and Euro Stoxx Banks indices.
Term of Investment
The note lasts for a maximum of 5 years, with regular early redemption opportunities.
Strike Date Value
This product strikes on the 26th of October 2023, on that date, the index value of the Nikkei 225, NASDAQ 100 and Euro Stoxx Banks is recorded.
Early Redemption Years 1 - 4 If, on any annual
If, on any annual observation date from Year 1 to Year 4, all the underlying indices are trading on or above 100% of their strike date value, clients will receive 100% of their capital plus an investment return of 13% in USD or 12% in GBP for each annual period that has passed since the strike date and the investment ends.
Final Maturity Year 5 – Low Hurdle
If, on the final observation date at the end of Year 5, the worst performing index is on or above 70% of its strike date value, investors will receive their initial capital back in full, plus an investment return of 65.0% in USD or 60.0% in GBP.
Protection
This note offers clients 30% downside protection, meaning clients capital remains 100% protected even if the worst performing underlying index drops by 30%.
Risk
If, at the final observation, even one of the indices is trading below 70% of its original value, then capital is at risk and investors will receive 1:1 return of the least performing index.
THE UNDERLYING ASSETS
NASDAQ 100
INDEX
The NASDAQ Stock Market (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange.
NIKKEI 225 INDEX
The Nikkei 225, or the Nikkei Stock Average, more commonly called the Nikkei or the Nikkei index, is a stock market index for the Tokyo Stock Exchange. It has been calculated daily by the Nihon Keizai Shimbun newspaper since 1950.
EURO STOXX
BANKS INDEX
The EURO STOXX Banks is a stock index that does not take into account the dividends of its components (price index). The index reflects the performance of the companies with the highest market capitalization in the banking sector from the EURO STOXX®. The index is calculated by STOXX Limited (index sponsor).