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Terms continued from previous page:
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Redemption payment:
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The redemption payment will be an amount equal to (i) the stated principal amount plus (ii) any contingent quarterly coupon otherwise due with respect to the related observation date.
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Redemption dates:
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Beginning on March 25, 2026, quarterly. See “Observation Dates, Coupon Payment Dates and Redemption Dates” below. If any such day is not a business day, the redemption payment will be made on the next succeeding business day and no adjustment will be made to any redemption payment made on that succeeding business day.
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Initial index value:
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With respect to the NDX Index: 19,791.49, which is the index closing value of such index on the pricing date
With respect to the RTY Index: 2,227.887, which is the index closing value of such index on the pricing date
With respect to the INDU Index: 42,063.36, which is the index closing value of such index on the pricing date
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Final index value:
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With respect to each underlying index, the respective index closing value on the final observation date
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Worst performing
underlying index:
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The underlying index with the largest percentage decrease from the respective initial index value to the respective final index value
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Index performance factor:
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Final index value divided by the initial index value
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Coupon barrier levels:
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1st observation date:
With respect to the NDX Index: 15,833.192, which is 80% of the initial index value for such index
With respect to the RTY Index: 1,782.310, which is approximately 80% of the initial index value for such index
With respect to the INDU Index: 33,650.688, which is 80% of the initial index value for such index
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9th observation date:
With respect to the NDX Index: 13,854.043, which is 70% of the initial index value for such index
With respect to the RTY Index: 1,559.521, which is approximately 70% of the initial index value for such index
With respect to the INDU Index: 29,444.352, which is 70% of the initial index value for such index
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2nd observation date:
With respect to the NDX Index: 15,833.192, which is 80% of the initial index value for such index
With respect to the RTY Index: 1,782.310, which is approximately 80% of the initial index value for such index
With respect to the INDU Index: 33,650.688, which is 80% of the initial index value for such index
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10th observation date:
With respect to the NDX Index: 13,854.043, which is 70% of the initial index value for such index
With respect to the RTY Index: 1,559.521, which is approximately 70% of the initial index value for such index
With respect to the INDU Index: 29,444.352, which is 70% of the initial index value for such index
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3rd observation date:
With respect to the NDX Index: 15,833.192, which is 80% of the initial index value for such index
With respect to the RTY Index: 1,782.310, which is approximately 80% of the initial index value for such index
With respect to the INDU Index: 33,650.688, which is 80% of the initial index value for such index
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11th observation date:
With respect to the NDX Index: 13,854.043, which is 70% of the initial index value for such index
With respect to the RTY Index: 1,559.521, which is approximately 70% of the initial index value for such index
With respect to the INDU Index: 29,444.352, which is 70% of the initial index value for such index
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4th observation date:
With respect to the NDX Index: 15,833.192, which is 80% of the initial index value for such index
With respect to the RTY Index: 1,782.310, which is approximately 80% of the initial index value for such index
With respect to the INDU Index: 33,650.688, which is 80% of the initial index value for such index
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12th observation date:
With respect to the NDX Index: 13,854.043, which is 70% of the initial index value for such index
With respect to the RTY Index: 1,559.521, which is approximately 70% of the initial index value for such index
With respect to the INDU Index: 29,444.352, which is 70% of the initial index value for such index
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5th observation date:
With respect to the NDX Index: 14,843.618, which is approximately 75% of the initial index value for such index
With respect to the RTY Index: 1,670.915, which is approximately 75% of the initial index value for such index
With respect to the INDU Index: 31,547.52, which is 75% of the initial index value for such index
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13th observation date:
With respect to the NDX Index: 13,854.043, which is 70% of the initial index value for such index
With respect to the RTY Index: 1,559.521, which is approximately 70% of the initial index value for such index
With respect to the INDU Index: 29,444.352, which is 70% of the initial index value for such index
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6th observation date:
With respect to the NDX Index: 14,843.618, which is approximately 75% of the initial index value for such index
With respect to the RTY Index: 1,670.915, which is approximately 75% of the initial index value for such index
With respect to the INDU Index: 31,547.52, which is 75% of the initial index value for such index
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14th observation date:
With respect to the NDX Index: 13,854.043, which is 70% of the initial index value for such index
With respect to the RTY Index: 1,559.521, which is approximately 70% of the initial index value for such index
With respect to the INDU Index: 29,444.352, which is 70% of the initial index value for such index
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7th observation date:
With respect to the NDX Index: 14,843.618, which is approximately 75% of the initial index value for such index
With respect to the RTY Index: 1,670.915, which is approximately 75% of the initial index value for such index
With respect to the INDU Index: 31,547.52, which is 75% of the initial index value for such index
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15th observation date:
With respect to the NDX Index: 13,854.043, which is 70% of the initial index value for such index
With respect to the RTY Index: 1,559.521, which is approximately 70% of the initial index value for such index
With respect to the INDU Index: 29,444.352, which is 70% of the initial index value for such index
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8th observation date:
With respect to the NDX Index: 14,843.618, which is approximately 75% of the initial index value for such index
With respect to the RTY Index: 1,670.915, which is approximately 75% of the initial index value for such index
With respect to the INDU Index: 31,547.52, which is 75% of the initial index value for such index
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Final observation date:
With respect to the NDX Index: 13,854.043, which is 70% of the initial index value for such index
With respect to the RTY Index: 1,559.521, which is approximately 70% of the initial index value for such index
With respect to the INDU Index: 29,444.352, which is 70% of the initial index value for such index
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Downside threshold level:
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With respect to the NDX Index: 13,854.043, which is 70% of the initial index value for such index
With respect to the RTY Index: 1,559.521, which is approximately 70% of the initial index value for such index
With respect to the INDU Index: 29,444.352, which is 70% of the initial index value for such index
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Coupon payment dates:
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Quarterly, as set forth under “Observation Dates, Coupon Payment Dates and Redemption Dates” below. If any such day is not a business day, that contingent quarterly coupon, if any, will be paid on the next succeeding business day and no adjustment will be made to any coupon payment made on that succeeding business day. The contingent quarterly coupon, if any, with respect to the final observation date will be paid on the maturity date.
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Observation dates:
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Quarterly, as set forth under “Observation Dates, Coupon Payment Dates and Redemption Dates” below, subject to postponement for non-index business days and certain market disruption events. We also refer to September 20, 2028 as the final observation date.
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CUSIP / ISIN:
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61776RSC9 / US61776RSC96
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Listing:
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The securities will not be listed on any securities exchange.
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