Advanced investors, having one, or more, of the following characteristics; (i) good knowledge of relevant financial products and transactions, or (ii) financial industry experience or accompanied by professional investment advice or included in a discretionary portfolio service. c. Clients that have the ability to bear losses of up to 100% of the capital invested in the product. d. Clients with a high risk tolerance. Clients investing in the product are typically willing to take more risk than deposit savings and senior debt instruments. e. Clients whose investment objective is to generate growth of the invested capital and have a long term investment horizon. The manufacturers for purposes of Directive 2014/65 (as amended “MiFID II”) have made an assessment as to the distribution strategy for the product, and have concluded that (i) all channels for distribution to eligible counterparties and professional clients (including elective professional clients who are likely to understand the complexities associated with the product) are appropriate; and (ii) the following channels for distribution of the product to retail clients are appropriate – investment advice, portfolio management, and non-advised sales or execution with appropriateness test, subject to the distributor’s suitability and appropriateness obligations under MiFID II, as applicable. Any person subsequently offering, selling or recommending the product (a “distributor”) should take into consideration the manufacturers’ target market assessment. However, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the product (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels, subject to the distributor’s suitability and appropriateness obligations under MiFID II, as applicable. What are the risks and what could I get in return? Risk indicator 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator assumes you keep the product until 27 November 2022. ! The actual risk can vary significantly if you cash in at an early stage and you may get back less than the invested amount. You may not be able to sell your product easily or you may have to sell at a price that significantly impacts on how much you ! get back. The summary risk indicator is a guide to the level of risk of the product compared to other products. It shows how likely it is that you will lose money because of movements in the markets or because we are not able to pay you. We have classified the product as 6 out of 7, which is the second-highest risk class. This rates the potential losses from future performance at a very high level, and poor market conditions are likely to impact the capacity of the Issuer to pay you. Be aware of currency risk. You will receive payments in a different currency, so the final return you will get depend on the exchange rate between the two currencies. This risk is not considered in the indicator shown above. You bear the risk that redemption by the Issuer of the product will take place at a time that is unfavourable for you and that you will only be able to reinvest the repayment amount on less favourable terms. This product does not include any protection from future market performance so you could lose some or all of your investment. If the Issuer is not able to pay you what is owed, you could lose your entire investment. Performance scenarios1 Investment EUR 10,000 Scenarios 1 year 27 November 2022 (Recommended holding period) Stress scenario What you might get back after costs Average return each year 11,490.44 14.90% 11,538.75 7.16% Unfavourable What you might get back after costs scenario Average return each year 11,490.44 14.90% 11,538.75 7.16% Moderate scenario What you might get back after costs Average return each year 11,490.44 14.90% 11,538.75 7.16% Favourable scenario What you might get back after costs Average return each year 11,490.44 14.90% 11,538.75 7.16% This table shows the money you could get back until 27 November 2022, under different scenarios, assuming that you invest EUR 10,000.00. The scenarios shown illustrate how your investment could perform. You can compare them with the scenarios of other products. The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this 1 Please note that the indicative amounts and returns in this table are calculated based on the method prescribed by applicable law. Due to the way the calculations must be carried out, the figures, particularly in the column “1 year”, are not a likely estimate of actual amounts or returns achievable in case of sale or redemption of the securities after such periods.
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