Sound returns in a low interest rate environment, comfortable partial protection against falling share prices and a short term are the most important criteria for investors when choosing an investment. These features are all included in the new 11% Austrian Stocks Bonus Certificate. The investment product without capital protection combines a fixed interest rate of 11% at the end of the term with a partial safety mechanism until the barrier. The fixed interest amount is paid out at the end of the term, regardless of how the three underlying shares perform. The risk buffer (distance to the barrier) comes up to 45% at the beginning of the term.
The certificate is redeemed at 100% of the nominal value at the maturity date (January 2018), provided that the closing prices of the Erste Group Bank AG, the OMV AG AND the voestalpine AG always quote above 55% of the respective share’s starting value (= closing price on July 20, 2016) during the observation period. In case the barrier of the Bonus Certificate is touched AND/OR undercut by at least one of the closing prices of the underlying shares, redemption is effected according to the underlying which performs “worst of“ at the maturity date (percentage performance from the starting value to the closing price at the final valuation date). Even if the barrier is touched or undercut investors do not participate in price gains above the starting values.
Key Facts:
- ISIN: AT0000A1LK15
- Initial valuation date: July 20, 2016
- Term: 1.5 years (maturity date: January 22, 2018)
- No physical delivery, redemption is effected in cash
- 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% Austrian Stocks Bonus
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.
