MECHANISM

Redemption at Maturity:

On final observation date:

• If the underlying closes at or above 100% of its initial level,redemption at:100% + (AXEHREE LX EquityFinal / AXEHREE LX EquityInitial

- 1)• Else, redemption at:

100%

PAYOFF AT MATURITY

+100%-100%

200%

0%

Redemption

AXA IM FIIS EUR SH DUR H E RPerformance

x100%

• 100% Principal Protection at maturity• 100% Upside Exposure to AXA IM Fixed Income Investment Strategies Europe Short Duration High Yield

SNAPSHOT

Issuer A minimum

Maturity 1 Year

Underlying AXA IM Fixed Income Investment StrategiesEurope Short Duration High Yield (AXEHREE LXEquity)

Currency USD (Quanto)

Strike Level 100%

ParticipationFactor at Maturity

100%

Capital Guarantee 100%

5Y UNDERLYING PERFORMANCE

Source: Bloomberg as of 05-June-2018

05/06/2013 05/06/2014 06/06/2015 05/06/2016 05/06/2017110

115

120

125

130

AXA IM Fixed Income Investment Strategies Europe Short Duration High Yield Initial level

Disclaimer: This note is provided for informational purposes only and is subject to change. Final documentation will prevail.

Investors should ensure that they fully understand the terms of the described product and transaction and the related risks prior to transacting.

www.hpcip.comHPC Investment Partners | London - Paris - Geneva - New York - Hong Kong

TRADE IDEA | June 2018

100% Capital Guaranteed withParticipation on AXA IM Fixed IncomeInvestment Strategies Europe ShortDuration High Yield1 Year - USD