Siemens Energy AG/Call/LBBW

This certificate is a duo yield certificate. During the term of the certificate, a partial redemption of usually 50% of the nominal value is made on a specific date. A fixed coupon on the (reduced) nominal amount is paid. At the end of the term, the performance of the underlying determines the redemption amount. If the underlying trades above the knock-in threshold, the remaining nominal amount will be redeemed. In any other case, the investor will participate in the negative price performance of the underlying, as determined by the multiplier. Depending on the settlement method, either units of the underlying are delivered or a cash payment is made.