The 5.25% Andritz/RBI Protect Reverse Convertible Bond combines a fixed annual interest rate of 5.25% with a partial safety mechanism for the invested capital down to the barrier. The interest amount is paid out annually, regardless of the performance of the two underlying shares.
The underlying share basket of the 5.25% Andritz/RBI Protect Reverse Convertible Bond comprises two well-established Austrian companies:
The international group Andritz AG is one of the leading suppliers for machinery and plant engineering. The technology group headquartered in Graz employs more than 25,200 employees in more than 40 countries.
Raiffeisen Bank International AG is one of the biggest banking groups in Austria. Besides the Austrian market, where RBI is the leading corporate and investment bank, Central and Eastern Europe are key markets of the banking group. Altogether the bank employs around 50,000 people.
PAYOUT PROFILE:
At the maturity date (June 2019) the certificate will be redeemed at 100% of the nominal value, provided that the closing prices of each of the two underlying shares daily quote above the respective barrier of 59% during the observation period.
In case the barrier is touched or undercut by at least one of the underlying shares and at the end of the term at least one of the shares quotes below its strike (= closing price of the respective share at the initial valuation date) physical delivery applies. This means the predefined amount of the worse performing share is delivered (percentage performance from strike to closing price at the final valuation date).
Key Facts:
- ISIN: AT0000A1W4Y9
- Initial valuation date: Jun 27, 2017
- Observation period: Jun 28, 2017 - Jun 25, 2019
- Term: 2 years (maturity date: Jun 28, 2019)
- Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
- Listing: Vienna, Frankfurt, Stuttgart
For any additional information you may require do not hesitate to contact us on +43151520484.
The Structured Products Team of Raiffeisen Centrobank
The product described herein is subject to and governed by the Base Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority. The Base Prospectus is deposited at Oesterreichische Kontrollbank AG, published on www.rcb.at/SecuritiesProspectus and contains the risks and Terms and Conditions of the product.
Raiffeisen Centrobank AG is subject to supervision by the FMA and the Oesterreichische Nationalbank as well as the ECB, the latter within the Single Supervisory Mechanism (Council Regulation (EU) No 1024/2013).
