Memory coupon distributed even if underlying drops + a bonus coupon

The investor receives a memory coupon on each observation if the underlying is above the coupon level. If the underlying is above the early redemption level, the investor receives a bonus coupon and the automatic early redemption mechanism is then activated and the product stops. Every coupon not detached is added in memory and can be perceived on a future observation date. Capital is protected up to the protection level (activation depends on the type of protection).