client

In valuing the securities on the pricing date, we take into account that the securities comprise both a debt component and a overall performance-based element linked to the underlying indices. ￭The amount payable on the Buffered PLUS is not linked to the values of the underlying indices at any time other than the valuation date. The final index worth of every underlying index will be based on the index closing value of such index on the valuation date, topic to postponement for non-index enterprise days and particular industry disruption events. Despite the fact that the actual values of the underlying...