Product Description
 The product is yield enhancement product
 The product can be early redeemed
 The principal is not protected
Product Features
 Attractive Coupon. The product can gain high potential returns.
 Callable Feature. Call back is triggered if the underlying crypto currency close at or above the callable prices on a periodical observation date. Investors benefit from callable feature which can potentially shorten the holding period to a very short period of time.
 Superior Returns in Rangetrading Markets. Appropriate for investors who are either moderately bullish or who hold a “rangetrading” view about the underlying currency.
 Buying crypto currency at discounted price. Potentially the product can be converted into target crypto currency at a discount to the current price.
Payoff Features:
 If the price of the underlying is at or above Knockout price on a Knockout Observation Date, investor will get 100% principal back immediately and the Knockout Coupon.
 If there’s no Knockout and the price of the underlying has never fallen to or below the predetermined barrier price at any time during the investment term, investor will get 100% principal back and the Bonus Coupon at maturity.
 If there’s no Knockout and no Knockin, and the Final Price is below the Conversion Price, investor will get the initial investment converted into Target Currency at the Conversion Price.
Payoff Diagram
Scenario Analysis:
Sample Terms
Tenor 
6 month with Biweekly Callable Observation 

Investment Currency 
USDT 

Underlying Crypto Currency 
BTC/USDT 

Callable Price 
Initial Price*105% 

Knockin Price/Conversion Price 
Initial Price*80% 

Knock Coupon/Bonus Coupon 
30% p.a. 

AutoCallable Event (Biweekly observation) 
If on any AutoCallable Observation Date, the price of the Underlying is at or above the Callable Price 

Knockin Event (Daily Observation) 
If on any Knockin Observation Date, the price of the Underlying is below the Knockin Price 

Payout Terms 
AutoCallable (Early Redemption) 
100% + Knock Out Coupon in USDT 
No Autocallable and No Knockin 
100% + Bonus Coupon in USDT 

No Autocallable but Knockin and above Conversion Price 
100% in USDT 

No Autocallable but Knockin and below Conversion Price 
Product will be converted into BTC at Conversion Price 
Scenario 1:
On an AutoCallable Observation Date, the price of the Underlying is at or above the Callable Price.
 On 3rd Observation Date，Underlying Price (107%) is above Callable Price(105%). On this observation date，product will be early redeemed.
 Investor receives 100% Principal back and 30% p.a. coupon in USDT.
Scenario 2:
The underlying price is below Callable Price on all the AutoCallable Observation Dates, but is at or above the Callable Price on the Final Observation Date.
 During the tenor, there’s no early redemption.
 On the Final Observation Date，Underlying Price (109%) is above Callable Price(105%). At maturity, investor receives 100% Principal back and 30% p.a. coupon in USDT
Scenario 3:
The underlying price is below Callable Price on all the AutoCallable Observation Dates(including final) but is above Knockin Price all the time.
 During the tenor, there’s no early redemption and there’s no knockin.
 At maturity, the underlying performance is 88% but given there’s no knockin, investor receives 100% Principal back and 30% p.a. coupon in USDT
Scenario 4:
There is no early redemption but Knockin has occurred. The Final Price is at or above the Conversion Price.
 During the tenor, there’s no early redemption but the underlying price has fallen below Knockin.
 At maturity, the underlying performance is 90% and is above the Conversion Price, investor receives 100% Principal back in USDT
Scenario 5:
There is no early redemption but Knockin has occurred. The Final Price is below the Conversion Price.
 During the tenor, there’s no early redemption but the underlying price has fallen below Knockin.
 At maturity, the underlying performance is 75% and is below the Conversion Price, investor receives the Principal back in BTC with the Conversion Rate at the Conversion Price. Effectively investor buys the BTC at the Conversion Price which has a 20% discount to the current price.