Variable Return Calculation
The Notes will not bear any interest nor will they reflect dividends or other distributions declared or paid on the shares, but will have a Variable Return, if any, calculated as follows on a per Note basis:
Variable Return = $100 × Price Return |
The Price Return will equal the average of the Share Returns (each of which can be positive or negative) of the Shares in the Basket, expressed as a percentage.
The Share Return of any particular Share in the Basket is the percentage increase or decrease in the Closing Price of that Share, measured from the Issue Date to the Valuation Date, subject to a maximum of 40.00%. There is no minimum Share Return for any Share. If such Share Return is negative, there is no floor on the Share's negative contribution to the Price Return of the Shares in the Basket.
No Variable Return will be paid unless the Price Return is greater than zero. The amount of Variable Return shall not, in any event, exceed $40.00 per Note.
Note: An investment in principal protected notes may not be suitable for all investors. Important information about these investments is contained in the Information Statement of each note. Investors should obtain and carefully read a copy prior to investing, paying particular attention to the associated risks. Past performance is not indicative of future returns. Commissions, trailing commissions, management fees and expenses all may be associated with these investments. Principal is guaranteed at maturity only for products purchased at their issue price and held to maturity. The investment return on the notes, if any, is uncertain in that an investor may not receive more than return of the principal amount at maturity. A person should reach a decision to invest in the notes only after carefully considering with his or her advisor, the suitability of this investment in light of his or her investment objectives and the information set out in the respective Information Statement.
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