MECHANISM

Autocall & Coupon Payment Mechanism:

On each quarterly observation date i (with i = 1 to 3):

• If the underlying closes at or above its initial level, early redemption at:100% + 2.325% guaranteed coupon

• Else, a 2.325% guaranteed coupon is paid and product continues

Redemption at Maturity (in case of no early redemption):

On the final observation date:

• If the underlying closes at or above 75% of its initial level redemption at:100% + 2.325% guaranteed coupon

• Else, redemption at:ATVI UW EquityFinal / ATVI UW EquityInitial + 2.325% guaranteed coupon

02/05/2013 02/05/2014 03/05/2015 02/05/2016 02/05/20170

20

40

60

80

Activision Blizzard Inc Barrier level Strike and autocall level

• Yield Enhancement with Quarterly Early Redemption Features• Targeted Yield: 9.3% p.a.• 75% Protection Barrier

SNAPSHOT

Issuer Fitch: A

Maturity 1 Year

Underlying Activision Blizzard Inc (ATVI UW Equity)

Currency USD

Strike Date 26/04/2018

Strike 100%

European Barrier 75% (European Observation)

Autocall Barrier 100% (of initial fixing)

GuaranteedCoupon

2.325% p.q. (9.3% p.a.)

Frequency Quarterly

5Y UNDERLYING PERFORMANCE

Source: Reuters as of 02-May-2018

Disclaimer: This note is provided for informational purposes only and is subject to change. Final documentation will prevail.

Investors should ensure that they fully understand the terms of the described product and transaction and the related risks prior to transacting.

www.hpcip.comHPC Investment Partners | London - Paris - Geneva - New York - Hong Kong

NEW OPEN ISSUE | May 2018

Autocallable Barrier Reverse Convertibleon Activision Blizzard1 Year - USD