Step-Up Fixed Rate Callable Notes (06741VRA2)

This is an income product linked to an interest rate.The product offers a semi-annually coupon of 3.00% pa paid for the first five years, and is then increased to 4.00% pa, 5.00% pa and 6.00% pa subsequently.This product can be terminated early by the issuer at any semi-annually date after the first year of investment, for a payout of 100%.At maturity the product offers a 100% capital return.

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