Representative of Holders. No representative of the Holders has been appointed by the Issuer. Please also refer to item C.8 above for rights attaching to the Securities.
Representative of Holders. No representative of the Holders has been appointed by the Issuer. Please also refer to item C.8 above for rights attaching to the Securities. C.10 Derivative component in the interest payment Not applicable C.11 Admission to Trading Application is expected to be made for the Securities to be admitted to trading on the Multilateral Trading Facility EuroTLX (managed by EuroTLX SIM S.p.A.). C.15 How the value of the investment in the derivative securities is affected by the value of the The amount payable on redemption is calculated by reference to the common shares of Fiat S.p.A (Reuters code: FIA.MI / Bloomberg Code: F IM) (the “Underlying Reference”). See item C.9 above and C.18 below. Element Title underlying assets C.16 Maturity of the derivative Securities The Exercise Date of the Securities is 26 July 2018 and the Redemption Date is 6 August 2018 C.17 Settlement Procedure This Series of Securities is cash settled. The Issuer does not have the option to vary settlement. C.18 Return on derivative securities See Element C.8 above for the rights attaching to the Securities. Final Redemption The Certificates will be automatically exercised on the Exercise Date. Upon automatic exercise each Certificate entitles the Holder to receive on the Exercise Settlement Date a Cash Settlement Amount equal to the Final Payout. The "Final Payout" is an amount equal to: Notional Amount multiplied by the SPS Payout SPS Reverse Convertible Securities (a) if no Knock-in Event has occurred: Constant Percentage1 ; or (b) if a Knock-in Event has occurred: Max (Constant Percentage 2 + Gearing x Option; 0%) Description of Payout • if no Knock-in Event has occurred, a fixed percentage equal to the Constant Percentage 1; • if a Knock-in Event has occurred and Option is Forward, indexation to the value of the Underlying Reference(s); “Notional Amount” is 100 EUR . “Constant Percentage 1” means 115% “Constant Percentage 2” means 100% “Option” means Forward “Forward”means Final Redemption Value – Strike Percentage Element Title “Gearing” means 100% “Strike Percentage” means 100% "Final Redemption Value" means the Underlying Reference Value; "Underlying Reference Value" means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price; "Underlying Reference" is as set out in item C.20 below; "Underlying...