Currency 1: Worst of Two Assets: Currency 2 and Currency 3 Formula: H1 = max(min(s12, s13) - X, 0)

Currency 2: Unidentified.

Asset 3: Unidentified.

Here is one more example of a truly multi-asset option. Again, by closely analyzing the diagrams, we can find elements of relationships that have been looked at earlier. This is just a more complex case.