A callable yield note (CYN) and an income product in which the coupon is linked to the performance of two equity indexes or more (e.g., S&P 500, Russel 2000 Index). The note pays a contingent coupon subject to early redemption. If a coupon barrier event occurs, no coupon will be paid for the respective contingent coupon period, and the holder only receives the principal amount at maturity. But if it occurs, the contingent coupon will be paid in arrears on a semiannual basis at a given rate or in a predetermined range for the respective contingent coupon period, and the holder may sustain depreciation in the lowest performing index.

The coupon barrier event occurs, when on an observation date, the closing level of an index is less than its coupon barrier level.