RE: send (Ariane Dwyer, June 02, 2015)

Observed and paid quarterly Coupon Barrier: 75% of initial strike observed quarterly Principal Baffler: 75% of initial strike observed at maturity only Description: The investor receives 2.50% per quarter (10% p.a.) if all (2) underlying stocks are above the coupon barrier on the quarterly observation date. The note is callable at the discretion of the issuer on each quarterly observation date. If not redeemed early, at maturity, the principal is at risk if one or more of the underlying s