Express Certificate Mercedes-Benz Express 8

Bid106.58%
Apr 26, 2024 17:59:59.301 UTC
Ask108.08%
Apr 26, 2024 17:59:59.301 UTC
chg. 1D+0.310 (+0.29%)
Apr 26, 2024 17:59:59.301 UTC
Underlying price (indicative) 74.38 (+1.41%)
Apr 26, 2024 19:59:57.000 UTC
Starting value61.42 Next redemption level61.42 Max. yield p.a. until next observation date2.48%

Name
Mercedes-Benz Express 8
ISIN / WKN
AT0000A38ME2 / RC1B0H
Underlying price (indicative)
EUR 74.38 (+1.41%)
Apr 26, 2024 19:59:57.000
Starting value
EUR 61.42
Barrier
EUR 36.85
Distance to barrier
50.46%
Observation barrier
on the final valuation date
(early) redemption level
61.42 / 55.28 / 49.14 / 42.99 / 36.85
Distance to next termination level
17.43%
(early) redemption amount
110.00% / 120.00% / 130.00% / 140.00% / 150.00%
Max. yield until next observation date
1.78%
Max. yield p.a. until next observation date
2.48%
No. of shares
16.28134
About the term

Initial valuation date
Jan 15, 2024
Issue date
Jan 16, 2024
Valuation dates
Jan 14, 2025 / Jan 14, 2026 / Jan 14, 2027 / Jan 13, 2028 / Jan 12, 2029
Final valuation date
Jan 12, 2029
Maturity date
Jan 17, 2029

Product classification
Investment Product without Capital Protection
Security type (Eusipa No.)
Express Certificate (1260)
Express Certificate Type
New Level Express Certificate
Country / region of underlying
Germany
Suited market expectation
sideways, bullish
Spread homogenised
0.92
Spread (in %)
1.41%
Multiplier
-
Product currency
EUR
Underlying currency
EUR
Settlement method
Cash settlement / Physical delivery
Taxation
Capital Gains Tax / no Foreign Capital Gains Tax
Public offer possible in
Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Bulgaria, Croatia, Romania, Slovenia
Listing
Vienna, Stuttgart
Description

The certificate Mercedes-Benz Express 8 offers an annual opportunity for early redemption, enabling investors to obtain a yield of 10% per year if the share of Mercedes-Benz AG quotes on one of the annual valuation days at or above the annually declining termination level. If the share quotes below the starting value, the term extends by another year - up to a maximum of five years. In the event of a barrier violation (60 % of the starting value) at the final valuation date, the investor is entirely subject to market risk and physical delivery of Mercedes-Benz shares is effected.

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Products on underlyings of CEE, Eastern Europe and Turkey

 

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9:15 - 4:50 pm

Products on other international underlyings and commodities
(incl. Germany and Switzerland)

9:00 - 8:00 pm
INFORMATION

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E: info(at)raiffeisencertificates.com