Dear [FIRSTNAME]

We would like to introduce the strategy on a basket of American shares the underlyings are: Alcoa, Bank of America and Research in Motion.

The advantage of this strategy is that you have early redemption when the underlyings trade above 100% after the first month. The investor recieves his investment plus 12% coupon. 

The barrier is European style set at 60%, that gives the investor a limited capital protection. Incase of a barrier event the investor gets the worst performing share.

Best regards,

Dennis Verheul