A Coupon Barrier Event will, like a Downside Protection Event, also trigger an early termination of the ORBITS. Such event occurs if the Volume Weighted Average Prices of all Reference Securities in the relevant Reference Portfolio on the Annual Observation Date preceding the relevant Coupon Payment Date have fallen by 50% or more from their respective Initial Prices.

However, unlike a Downside Protection Event, Investors will not receive a Coupon or a Fixed Coupon that would be payable on the relevant Coupon Payment Date (but will receive, in the case of International Growth, any accrued Bonus Coupon due). Refer to 'Terms of Issue' clause 5.1 on pages 63 and 70 of the PDS to fully understand the rights and obligations if a Coupon Barrier Event occurs.