Underlying Capital Guarantee Tenor Avg Binary Level Max Coupon Payout Payoff

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Underlying Nifty Nifty Nifty

Capital
Guarantee
Principal is protected at maturity Principal is protected at
maturity
Principal is protected
at maturity
Tenor 12/15M 24/27M 36/40M
Avg 0/4M 0/6M 4/4M
Binary Level 85% of Initial Level (Observed at the
end)
80% of Initial Level (Observed
at the end)
100% of Initial Level
(Observed at the end)
Max Coupon 14% (IRR of 11.03%) 28.00% (IRR of 11.60%) 58.00% (IRR of
14.71%)
Payout 15M 27M 40M
Payoff If Final Level > Binary Level = Max
Coupon, Else = 0%
If Final Level > Binary Level =
Max Coupon, Else = 0%
If Final Level > Binary
Level = Max Coupon,
Else = 0%


Underlying Nifty
Capital
Guarantee
Principal is protected at maturity
Tenor 24/27M
Avg 0/6M
Binary Level 100% of Initial Level (Observed at the end)
Fixed Coupon 24% (IRR of 10.05%)
Max Coupon 26% (IRR of 10.84%)
Payout 27M
Payoff If Final Level > Binary Level = Max Coupon, Else =
Fixed Coupon

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