ORBITS may be terminated early if a Downside Protection Event occurs. Such event occurs if the Volume Weighted Average Prices of all Reference Securities in the relevant Reference Portfolio on an Annual Observation Date preceding the relevant Coupon Payment Date have fallen by 15% or more from their respective Initial Prices and a Coupon Barrier Event has not occurred.

Within 5 Business Days after the Coupon Payment Date on which a Downside Protection Event occurs, the Issuer will notify Investors of the Early Expiry by sending them an Early Expiry Notice. On the Cash Settlement Date (expected to be 10 Business Days after the relevant Coupon Payment Date), investors will be paid the Cash Settlement Amount (equal to 100% of the Issue Price per ORBITS).

The capital guarantee will apply in the case of a Downside Protection Event and Investors will receive the Cash Settlement Amount equal to their Investment Amount and (i) the relevant Coupon for Income ORBITS or (ii) the Fixed Coupon and Bonus Coupon (if any) for International Growth. Refer to 'Terms of Issue' on pages 63 and 70 to fully understand their rights and obligations if a Downside Protection Event occurs.