of Uridashi products issued 2015; we expect more knock-outs in Jul-17 if HSCEI stays above 9,600 which were NKY linked 1.6 22,000 14,000 14 mame New NKY Linked Uridashi issuance 31.000 42,000 411,024 1401 14,341 ———NKY Ind = 12 20,000 10,000 % 10 19,000 8,000 y 08 18,000 . 6,000 S 06 | uf 17,000 | 4,000 = 04 mY 16,00