...Based on the Performance of the Common Stock of Apple Inc. Principal at Risk Securities Contingent Income Auto-Callable Securities offer the opportunity for investors to receive a contingent quarterly payment equal to at least 2.1875% of the stated principal amount (the actual contingent quarterly payment will be determined on the pricing date) with respect to each quarterly determination date on which the closing price of the underlier is greater than or equal to 80% of the initial underlier value, which we refer to as the downside threshold level. If the closing price of the underlier is greater than or equal to the initial underlier value on any determination date (other than the final determination date), the securities will be automatically redeemed for an amount per security equal to the stated principal amount plus the contingent quarterly payment. However, if on any determination date the closing price of the underlier is less than the initial underlier value, the securities will...
