Structured Products Strategy

If, on an observation day, the price of the underlying is at or above the Autocall level the note is automatically called and a coupon is paid.
If, on an observation day, the price of the underlying is below the Autocall level there is a memory coupon feature embedded.
If, the price of the underlying is at or above the Autocall level on any of the following observation dates the note is called, the memory coupon is triggered, and all of the coupons are paid.

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