Key Information Document
This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you
compare it with other products. YIELD CRESCENDO TEMPO ON SWEDBANK, UNICREDIT AND INTESA SANPAOLO - EUR
- MARCH 2023
ISIN : FREXA0024135 Issuer: Exane Finance | Guarantor: Exane Derivatives | Supervisor: Autorité des Marchés Financiers and Autorité de Contrôle
Prudentiel et de Résolution | Telephone Number: (+33) 1 44 95 70 00 | Website: www.exane.com
KID production date: 16/09/2021
You are about to purchase a product that is not simple and may be difficult to understand.
WHAT IS THIS PRODUCT?
TYPE: Certificate indexed to one or more Underlyings.
OBJECTIVES The Certificate Yield Crescendo Tempo on Swedbank, Unicredit and Intesa Sanpaolo - EUR - March 2023 issued by Exane
Finance carries a risk of capital loss during its life and at maturity.
Coupon mechanism On each Interest Payment Date, if the official closing price of each Underlying on the Coupon Valuation Date is higher than or equal to 60% of its Initial Price, the Holder will receive a coupon of EUR 8.6 and in addition to the current coupon, all
previously missed coupons. Otherwise, no coupon is paid for the period.
Automatic Early settlement On each Automatic Early Settlement Date, if the official closing price of each Underlying on the Automatic Early Valuation Date is higher than or equal to 100% of its Initial Price, the product is early redeemed and the Holder will receive an amount
corresponding to EUR 1,000. Otherwise no early settlement occurs.
Settlement at maturity On the Maturity Date (unless previously redeemed or purchased and cancelled), if the Final Price of each Underlying is higher than or equal to 60% of its Initial Price, the Holder will receive an amount corresponding to EUR 1,000. Otherwise, the Holder will receive an amount corresponding to the worst Underlying Performance, multiplied by EUR 1,000, which corresponds to an
amount inferior to 100% of the Issue Price. The Holder will incur a capital loss.
Where
‒ The Initial Price is the price of the Underlying at the close on the Initial Valuation Date.
‒ The Final Price is the price of the Underlying at the close on the Final Valuation Date.
‒ Underlying Performance: for an Underlying, the Final Price of such Underlying divided by its Initial Price.
PRODUCT DATA
Initial Valuation Date 28 February 2020 Issue Price EUR 1,000
Issue Date 11 March 2020 Product Currency EUR
Final Valuation Date 28 February 2023
Maturity Date 9 March 2023
Type of the underlyings Basket of shares
Underlyings SWEDBANK AB - A SHARES (SE0000242455), UNICREDIT SPA (IT0005239360), INTESA
SANPAOLO (IT0000072618)
Coupon Valuation Dates 30 March 2020 and monthly thereafter (in accordance with the business day convention)
Interest Payment Dates 8 April 2020 and monthly thereafter (in accordance with the business day convention)
Automatic Early Valuation Dates 28 August 2020 and monthly thereafter (in accordance with the business day convention)
Automatic Early Settlement Dates 8 September 2020 and monthly thereafter (in accordance with the business day convention)
INTENDED RETAIL INVESTOR
This investment is intended for retails investors who:
■ have some knowledge of the financial instrument in question and/or moderate experience of financial markets
■ are able to bear a total loss of capital (up to the total notional amount)
■ have a high risk tolerance (risk oriented or speculative profile)
■ have a short-term investment horizon of more than 1 year and less than 3 years
■ have an objective to invest in an income-paying product
WHAT ARE THE RISKS AND WHAT COULD I GET IN RETURN?
RISK INDICATOR
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The risk indicator assumes you keep the product until 9 March 2023. The actual risk can vary significantly if you cash in at an early stage and you may get back less. You may not be able to cash in
early. You may have to pay significant extra costs to cash in early. You may not be able to sell your product easily
or you may have to sell at a price that significantly
impacts on how much you get back.
■ The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it
is that the product will lose money because of movements in the markets or because we are not able to pay you.
■ We have classified this product as 5 out of 7, which is a medium-high risk class.
■ This rates the potential losses from future performance at a medium-high level, and poor market conditions will likely
impact our capacity to pay you.
■ Be aware of currency risk. You may support a currency risk if you receive the payment in a different currency than your domestic one or if the certificate itself carries a currency risk (i.e. if there is a distinction between the product currency and at least one underlying currency and when the certificate is not currency hedged). This risk is not considered in the
indicator shown above.
■ This product does not include any protection from future market performance so you could lose some or all of your
investment.
■ If we are not able to pay you what is owed, you could lose your entire investment.
■ For detailed information about all risks please refer to the risk sections of the Base Prospectus as specified in the section
“Other relevant information” below.
PERFORMANCE SCENARIOS
Investment [EUR 10,000]
Scenarios 1 year 1.5 years
What might get back after costs EUR 665.22 EUR 3,462.42
Stress scenario
Average return each year -93.35% -44.27%
What might get back after costs EUR 6,519.87 EUR 8,961.58
Unfavourable scenario
Average return each year -34.8% -7.03%
What might get back after costs EUR 9,880.39 EUR 10,013.15
Moderate scenario
Average return each year -1.2% 0.09%
What might get back after costs EUR 10,132.23 EUR 11,272.35
Favourable scenario
Average return each year 1.32% 8.62%
■ This table shows the money you could get back over the next 1.5 years, under different scenarios, assuming that you
invest EUR 10,000.
■ The scenarios shown illustrate how your investment could perform. You can compare them with the scenarios of other
products.
■ The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment varies, and are not an exact indicator. What you get will vary depending on how the market performs and
how long you keep the product.
■ The stress scenario shows what you might get back in extreme circumstances and it does not take into account the
situation where we are not able to pay you.
■ The figures shown include all the costs of the product itself, and include the costs of your advisor or distributor. The
figures do not take into account your personal tax situation, which may also affect how much you get back.
WHAT HAPPENS IF THE ISSUER IS UNABLE TO PAY OUT?
If Exane Finance is in default, the holders may enforce the unconditional and irrevocable guarantee given by Exane Derivatives acting as Guarantor. If Exane Derivatives is also in default, the holders may lose some or all of the amounts
invested.
WHAT ARE THE COSTS?
The Reduction in Yield (RIY) shows what impact the total costs you pay will have on the investment return you might get. The
total costs take into account one-off, ongoing and incidental costs. The amounts shown here are the cumulative costs of the product itself, for three different holding periods. They include potential early exit penalties. The figures assume you invest EUR 10,000. The figures are estimates and may change in the
future.
COST OVER TIME The person selling you or advising you about this product may charge you other costs. If so, this person will provide you with
information about these costs, and show you the impact that all costs will have on your investment over time.
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Investment [EUR 10,000]
Scenarios If you cash in after 1 year If you cash in after 1.5 years
Total costs EUR 230 EUR 170
Impact on return (RIY) per year 2.3% 1.13%
COMPOSITION OF COSTS
The table below shows:
‒ The impact each year of the different types of costs on the investment return you might get at the end of the
recommended holding period;
‒ The meaning of the different cost categories.
This table shows the impact on return per year
Entry costs 1.13% The impact of the costs already included in the price.
One-off costs The impact of the costs taken of exiting your investment
Exit costs 0%
when it matures. The impact of the costs of us buying and selling underlying
Portfolio transaction costs 0%
investments for the product.
Ongoing costs The impact of the costs that we take each year for managing
Other ongoing costs 0%
your investment. The impact of the performance fees. We take these from you
Performance fees 0%
investment if the product outperforms its benchmark. Incidental costs
Carried interests 0% The impact of carried interests.
HOW LONG SHOULD I HOLD IT AND CAN I TAKE MONEY OUT EARLY?
The recommended holding period for the product is until 9 March 2023, which corresponds to the product’s maturity, or until
an automatic early redemption event occurs. Under normal market conditions Exane Derivatives plans to contribute an indicative estimate of the market value of the product. You should only take into account the publication of this indicate estimate and you may sell back the product at a
price depending on the prevaling market conditions, which may occur a loss of part or all your invested amount.
HOW CAN I COMPLAIN?
Any complaint can be addressed to your usual contact within Exane Derivatives at the following address:
Exane Derivatives
6 rue Ménars
75002 PARIS
France
e-mail: [email protected] The attention of investors is drawn to the possibility of using the ombudsman in case of unfavorable or partially favorable response to a complaint. Information about the ombudsman and conditions of referral are available on the ombudsman
website: http://www.amf-france.org/en_US/Formulaires-et-declarations/Contact?lst_select_form_theme_id=mediation.
OTHER RELEVANT INFORMATION
The information contained in this Key Information Document does not constitute a recommendation to buy or sell the product
and is no substitute for individual consultation with the investor’s bank or advisor. You can obtain further information about this product from your usual contact. For complete information on the risks involved and on the selling restriction, you should read the Base Prospectus, as may be supplemented, and the relevant Final Terms
which is available on the website of the issuer (www.exane.com/exaneissues). This product may not be offered or sold, directly or indirectly, in the United States of America or to U.S. persons. The term “U.S. person” is defined in Regulation S under the U.S. Securities Act of 1933 (Securities Act). The offering of this product has
not been registered under the Securities Act.
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