Snowball Growth Note w/ Memorizer & One-Star

Quarterly autocall after Year 1, with an initial call premium of 32.0% and stepping up by 8.0% each quarter if the note remains uncalled. The call threshold steps down by 5% each year, increasing the likelihood of early redemption.

At maturity, investors receive a 160% return if all underliers are at or above 70% of their initial levels

Memorizer feature: Each underlier can satisfy the call condition on different observation dates.

Once the final underlier reaches the required call level, the note is automatically called.

ONE-STAR feature: At maturity, principal is returned if any underlier is positive, even if one or more underliers finish below the principal barrier..

30% geared buffer: If all underliers are negative and the worst-performing underlier is down more than 30%, the first 30% of losses are absorbed. Any losses beyond 30% are multiplied by 1.428x.

Example: if the worst-performing underlier is down 40%, only the remaining 10% loss is multiplied, resulting in a 14.28% investor loss.