BBVA 4Y US STOCKS QUARTERLY PHOENIX AUTOCALL
EARN A GUARANTEED
6.25% IN USD
OR 6.60% IN GBP PER ANNUM
This product is available until 13th July 2023
Regular income Generation
Inflation Protection
Downside Protection
HOW THIS NOTE WORKS...
ISINS
USD: XS2515340557
GBP: XS2515340714
This is a structured investment with defined risk and returns. It has some interesting features as outlined below:
It is a 4 year investment linked to the performance of the S&P 500
and Nikkei 225 indices.
Term of Investment
This investment has a maximum term of 4 years.
Strike Date Value
This product strikes on the 13th July 2023. On that date, the index value of the S&P 500 and Nikkei 225 will be recorded.
Fixed Income Coupons
An annual coupon of 6.25% in USD or 6.60% in GBP, is paid regardless of the performance of the underlying indices.
Final Maturity
If, at the end of the 4 year term, the indices are on or above 70% of their strike date value, investors will receive their initial capital back in full, plus the final coupon payment for that period.
Risk
If, at the end of the 4 year term either of the indices are trading below 70% of their strike date value then capital is at risk. Investors will receive 1:1 return of the least performing index, plus the final coupon for that period. For example, if the worst performing index drops by 40% of its strike date value, 60% of initial capital will be returned, plus the final coupon payment for that period
BACK-TESTED PERFORMANCE
ANALYSIS
The following analysis shows how the exact same investment would have performed if it had been repeated each day over a period of 10 years.
We have used actual historical data spanning 14 years and tested 2,610 scenarios Returns shown are net of any initial fees and costs and describe the historic return an investor would have received.
The annual coupons of 6.25% in USD or 6.60% in GBP were paid regardless of the performance of the Underlying Indices, until the note reached its 4 year maturity Over the most recent 10 year period, the Underlying Indices never breached the 70% capital risk barrier at the end of the 4 year maturity.
Therefore there were no cases of capital loss in the period tested.