Express-Zertifikat bezogen auf Paypal Holdings Inc

Type:

This product is a bearer bond issued under German law.

Term:

This product has a fixed lifetime and will - subject to an early redemption - be due on 2027-03-08 (last payment date).

Objectives:

Objective of the product is to provide you with a specified entitlement according to predefined conditions.

Possibility of early redemption: Early redemption at the respective Redemption Amount on a Payment Date is effected if the Reference Price on the respective Valuation Date is at or above the respective Redemption Level. In this case, the term of the product ends automatically. If this is not the case, the product automatically continues until the next Payment Date.

If the product has not been prematurely repaid, the possibilities for the redemption of the product on the last payment date are as follows:

1. If the Reference Price on the last Valuation Date is at or above the last Redemption Level, you will receive the Redemption Amount assigned to the last Payment Date.


2. If the Reference Price on the last Valuation Date is below the last Redemption Level, you will receive a Redemption Amount in USD that corresponds to the result of the formula (Reference Price on the last Valuation Date / Starting Price) x Base Amount. In this case, the Redemption Amount will be less than the Base Amount.

You are not entitled to receive any other income (e.g. dividends) and have no right to any further entitlement (e.g. voting rights) resulting from the underlying.