The 11% Austria Protect Reverse Convertible Bond combines a fixed interest rate of 11% at the end of the term with a partial safety mechanism for the invested capital until the barrier. The interest amount is paid out, regardless of how the three underlying shares perform.
The underlying share basket is made up of three renowned blue chips of the Austrian benchmark index ATX®, i.e. the universal bank Erste Group Bank AG, the Austrian oil and refinery company OMV AG and the steel manufacturer voestalpine AG.
Redemption at the end of the term:
The certificate is redeemed at 100% of the nominal value at the maturity date (January 2018), provided that the price of each underlying shares always quotes above the respective barrier of 55% (daily observation) during the observation period.
In case the barrier is touched or undercut by at least one underlying share and at least one of the three shares quotes below its strike at the final valuation date (= closing price of the respective share at the initial valuation date) physical delivery applies. This means the pre-defined amount of the worst performing share is delivered (percentage performance from the starting value to the closing price at the final valuation date).
Key Facts:
- ISIN: AT0000A1LK23
- Initial valuation date: July 20, 2016
- Term: 1.5 years (maturity date: January 22, 2018)
- Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
- Listing: Vienna, Frankfurt, Stuttgart
Further information is available at the product page: 11% Austria Protect Reverse Convertible Bond
For more details kindly see the Product Folder (PDF).
For any additional information you may require do not hesitate to contact us on +43 1 515 20-484.
The Team “Structured Products” of Raiffeisen Centrobank
This product, the risks and terms and conditions associated with it, are subject to and governed by the Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority, which has been deposited at Oesterreichische Kontrollbank AG and is published on www.rcb.at/SecuritiesProspectus.
