Example
1:
In
this example, the Share Price, at all times during the Observation
Period, is
observed below the Upper Barrier and above the Lower Barrier.
Therefore, you
would receive the Contingent Coupon, and the Cash Settlement
Value would be
$122,000.00. Although the change in Share Price is negative,
your return on
investment would still be positive (in this case, 22.00%), because
at all times
during the Observation Period, the Share Price was observed below
the Upper
Barrier and above the Lower Barrier.
Example
2:
In
this example, the Share Price at some time during the Observation
Period is
observed at or below the Lower Barrier. Although the change in
Share Price in
this example is equal to that of Example 1, because the Share
Price at some time
during the Observation Period was observed at or below the Lower
Barrier, you
would not receive the Contingent Coupon. Therefore, the Cash
Settlement Value
would equal the $100,000.00 principal amount of the Notes.
In
this example, your return on investment would be 0.00%, because,
at some time
during the Observation Period, the Share Price was observed at
or below the
Lower Barrier.
Example
3:
In
this example, the Share Price, at all times during the Observation
Period, is
observed below the Upper Barrier and above the Lower Barrier.
Therefore, you
would receive the Contingent Coupon, and the Cash Settlement
Value would be
$122,000.00. Your return on investment would be 22.00%.
Example
4:
In
this example, the Share Price at some time during the Observation
Period is
observed at or above the Upper Barrier. Although the change in
Share Price in
this example is equal to that of Example 3, because the Share
Price at some time
during the Observation Period was observed at or above the Upper
Barrier, you
would not receive the Contingent Coupon. Therefore, the Cash
Settlement Value
would equal the $100,000.00 principal amount of the Notes.
In
this example, your return on investment would be 0.00%, because,
at some time
during the Observation Period, the Share Price was observed at
or above the
Upper Barrier.
Example
5:
In
this example, the Share Price at some time during the Observation
Period is
observed at or above the Upper Barrier, and at another time during
the
Observation Period is observed at or below the Lower Barrier.
Although the
change in Share Price is positive, you would not receive the
Contingent Coupon.
Therefore, the Cash Settlement Value would equal the $100,000.00
principal
amount of the Notes.
In
this example, your return on investment would be 0.00%, because,
at some time
during the Observation Period, the Share Price was observed at
or above the
Upper Barrier and, at another time during the Observation Period,
the Share
Price was observed at or below the Lower Barrier.
Example
6:
In
this example, the Index Level, at all times during the Observation
Period, is
observed below the Upper Barrier and above the Lower Barrier.
Therefore, you
would receive the Contingent Coupon, and the Cash Settlement
Value would be
$122,000.00. Although the change in Share Price is equal to zero,
your return on
investment would still be positive (in this case, 22.00%), because
at all times
during the Observation Period, the Share Price was observed below
the Upper
Barrier and above the Lower Barrier.