1260 - Kick Out

Term	Fixed
Return	Growth
Sector	Non-Protected Growth
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.
Investor Profile	Expects the Underlying to rise, but not by more than the fixed return. Does not expect the Underlying to breach the condition required to protect capital, but understands their capital is at risk if it does. Has a moderate to high risk profile (willing to put their investment at risk to achieve greater returns compared to similar capital protected products). Does not need an income from their investment. Has a flexible investment horizon.