These GBP denominated Second Worst of Autocall Put Warrants offer investors the opportunity for a return linked to a basket of stocks for a period of 6 years. The warrants have an automatic call feature (the "Auto-Call") on a semi annual basis; starting on March, 2015; if the Closing Level of the second worst performing underlying on such date is equal or greater to 100% of its strike level. On such an event, the exercise date of the warrants will be brough forward and each holder will be enitled to receive on exercise a Cash settlement amount per warrant of zero. Otherwise, at maturity, each warrant holder will be entitled to: (i) if the closing level of the second worst performing underlying is above its strike; a Cash Settlement amoint per Warrant of Zero, or if (i) is not met; (ii) a Cash Settlement per warrant determined by GBP 1.00 * (100% - Put Payout), where "Put Payout" shall mean an amount equal to 20% of the percentage by which the worst performing share has decreased compared to its strike price.