Newsflash
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Express Brazilian basket in USD, 11% coupon
| Underlying | Cia Vale do Rio Doce, Petroleo Brasileiro S.A., Banco Itau Holding. |
| Strategy | Express certificate |
| Coupon | 11% one off |
| Coupon trigger level | 100% quarterly |
| Autocall level | 100% |
| Barrier | 60% European style |
| Duration | 18 months |
| Currency | USD |
| Redemption | If all stocks are above 100%: 111% |
| If all stocks above 60%: 100% | |
| Else: Long the worst performing stock |
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