1260 - Kick Out
|Return Calculation||The performance of the Underlying is measured on set dates ('kick out dates') during the term. A fixed return is paid and the product matures on the first of these dates that the Underlying meets a pre-specified condition (for example, it closes at or above a certain level).
The fixed return on offer usually increases for each subsequent kick out date.
|Capital Repayment||Full repayment at maturity only if the Underlying meets certain pre-specified conditions (for example, closing above a certain level (the 'protection barrier'). This can be measured throughout the term (sometimes referred to as an 'American' barrier) or at maturity only (sometimes referred to as an 'European' barrier), depending on the terms of the product. If the condition is not met, capital is at risk. The repayment of capital will typically depend on how far the Underlying has fallen at maturity.|