For autocallables, for an early call scenario, what time periods should be used when calculating the performance scenarios and cost figures?

For autocallables, for scenarios involving an early call, first the figures for performance scenarios should be calculated based on the exact holding period in that scenario namely the time period until the call, without assuming reinvestment until maturity (neither for the amount in euros nor the percentage return - these figures will reflect only the time until the call date). The figures shall be displayed in the last column under the heading “If you exit at call or maturity” and an indication of the length of the holding period shall be included under the name of the scenario (“product ends after []”). In addition, performance figures for intermediate periods (1 year and half the maturity, if applicable) shall also be shown, but only in case the product is still outstanding at that time under that scenario; otherwise, the columns for those periods shall be left empty. So, for example, for an autocallable with a RHP (and maturity) of 3 years and possible autocall every 6 months, the performance scenario table will include two columns for “if you exit after 1 year” and “if you exit at call or maturity”.). If one of the performance scenarios is consistent with an early call at 6 months with a total payout of 10,200 EUR, (10,000 invested capital plus a 2% coupon), that amount shall be shown in the last column of the table, as well as a percentage return of 2% (following point 45 of Annex IV and point 76a of Annex VI of the Delegated Regulation where the early call scenario is less than one year, the percentage figures should not be annualised; the term “average return each year” should be replaced by the term “percentage return” accordingly). An indication that the product will end in 6 months will be included under the name of the scenario. The 1 year column shall be left empty in this scenario as the product will not exist at the end of year 1. Differently, if in another scenario the early call occurs at year 2, with a total payout of 10,800 EUR, other than this outcome being shown in the last column, as well as the corresponding 4% average annual return, with the indication that the product will end after 2 years under the name of the scenario, a figure must also be displayed for the 1 year time period showing the estimated performance at the end of year 1, net of exit costs if applicable. Regarding costs, and irrespective of the performance scenarios displayed, in accordance with point 76c of Annex VI of the Delegated Regulation, the figures to be shown in Table 1 (“Costs over time”) shall assume two different scenarios for autocallable products: (a) the PRIIP is called at the first possible date; (b) the PRIIP reaches maturity. In the example above, the time periods shown in Table 1 will be 6 months and 3 years.