1160 - Protected 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, if held for the full term (subject to counterparty risk).|