When White is komaster saves the stones. Later, - is sente. (Somewhat sneakily, Wa instead is also sente. ;-)) Then a, b, c, and d are miai, played as dame or ko threats.
That leaves behind a large throw-in ko at . But Black takes first with , forcing . Now saves his stones. White still has a sente ko with - Ba. (Since Black is komaster, White will avoid this ko.)