 
Product type number as specified by the Swiss Structured Products Association (SSPA): 1200
Please consult the termsheet and the accompanying issue prospectus for information on the exact product functionality, product details and risks.
     
| Scenario 1 | Scenario 2 | Scenario 3 | |
|---|---|---|---|
| Description | Slightly rising underlying | Slightly falling underlying | Falling underlying | 
| Underlying value | share X | share X | share X | 
| Cap Level | CHF 110 | CHF 110 | CHF 110 | 
| Term | 1 year | 1 year | 1 year | 
| Issue price | CHF 100 | CHF 100 | CHF 100 | 
| Capital employed | CHF 10'000 (100 certificates) | CHF 10'000 (100 certificates) | CHF 10'000 (100 certificates) | 
| Subscription ratio | 1:1 | 1:1 | 1:1 | 
| Share X at initial fixing | CHF 110 | CHF 110 | CHF 110 | 
| Share X at maturity | CHF 120 | CHF 100 | CHF 90 | 
| Performance share X | 9.10% | -9.10% | -18.20% | 
| Scenario 1 | Scenario 2 | Scenario 3 | |
|---|---|---|---|
| Calculation | 100 certificates * 110 (Cap) | 100 certificates * 100 (equivalent value) | 100 certificates * 90 (equivalent value) | 
| Redemption | CHF 11'000 | CHF 10'000 | CHF 9'000 | 
| Profit / Loss | 10% | 0% | -10% | 
| Swiss income tax | Term <1 year: free of tax Term >1 year: Predominantly one-off interest payments (IUP) | 
|---|---|
| Swiss withholding tax | No | 
| Swiss stamp tax | Yes (if physical delivery / term > 1 year) | 
| EU tax on interest | No | 
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