Example
1: The Portfolio Return is greater than zero.
In
this
example, the Index Performance of each Component
is positive.
|
SPX
|
SX5E
|
NKY
|
Initial
Component Level
|
1,400
|
3,900
|
13,750
|
Final
Component Level
|
1,950
|
6,400
|
22,500
|
Index
Performance
|
39.29%
|
64.10%
|
63.64%
|
On
the
Calculation Date, the Index Performance for
the SPX would be 39.29%, the Index
Performance for the SX5E would be 64.10%,
and the Index Performance for the NKY
would be 63.64%, each as calculated pursuant
to the below formula:
In
this
example, using the formula below, the Portfolio
Return would be greater than
zero.
Portfolio
Return
The
Cash
Settlement Value, using the formula below,
would equal $1,556,77.
Cash
Settlement Value
Example
2: The Portfolio Return might be less than
zero.
In
this
example, the Index Performance of each Component
is negative.
|
SPX
|
SX5E
|
NKY
|
Initial
Component Level
|
1,400
|
3,900
|
13,750
|
Final
Component Level
|
1,000
|
3,000
|
9,000
|
Index
Performance
|
-28.57%
|
-23.08%
|
-34.55%
|
On
the
Calculation Date, the Index Performance for
the SPX would be -28.57%, the Index
Performance for the SX5E would be -23.08%,
and the Index Performance for the NKY
would be -34.55%, each as calculated pursuant
to the below formula:
|
STRUCTURED
PRODUCTS GROUP
|
In
this
example, using the formula below, the Portfolio
Return would be greater than
zero.
Since
the
Portfolio Return would be less than zero,
the Cash Settlement Value for each
Note would be the principal amount of $1,000.
Example
3: Some Components move higher while others
move lower.
In
this
example, two Components have a positive Index
Performance, while the other
Component has a negative Index Performance.
|
SPX
|
SX5E
|
NKY
|
Initial
Component Level
|
1,400
|
3,900
|
13,750
|
Final
Component Level
|
1,950
|
4,650
|
10,000
|
Index
Performance
|
39.29%
|
19.23%
|
-27.27%
|
On
the
Calculation Date, the Index Performance for
the SPX would be 39.29%, the Index
Performance for the SX5E would be 19.23%,
and the Index Performance for the NKY
would be -27.27%, each as calculated pursuant
to the below formula:
In
this
example, using the formula below, the Portfolio
Return would be greater than
zero.
Portfolio
Return
The
Cash
Settlement Value, using the formula below,
will equal $1,104.16.
Cash
Settlement Value