An autocall with a single asset as underlying. It is the simplest autocall structure as its performance depends on the performance of a single asset. For example, an autocall with one stock as underlying and 4 year observations. The holder will receive its coupon (say 12%) based on the notional amount on each payment date (the week after the respective observation date), provided that the underlying stock remains above a specific level (say 75%) of the stock price at the beginning, and also that the autocall has not been redeemed yet.

The autocall will get redeemed (autocalled) on any of the observation dates if the underlying stock price exceeds the autocall trigger or barrier say by 15% (115%). At maturity, the holder gets the notional amount and the instrument ceases to exist.