The 6% Allianz/AXA Protect Reverse Convertible Bond combines a fixed annual interest rate of 6% 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 share basket of the 6% Allianz/AXA Protect Reverse Convertible Bond comprises the two European insurance giants:
The German financial service provider Allianz SE offers insurance policies for private and professional customers. The well-established company, headquartered in Munich operates in more than 70 countries and employs around 142,000 employees.
The French group AXA S.A focuses on provision and insurance services. Its global workforce numbers about 120,000 people in 64 countries.
PAYOUT PROFILE:
At the maturity date (April 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 55% 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: AT0000A1U7Z1
- Initial valuation date: Apr 10, 2017
- Observation period: Apr 11, 2017 - Apr 8, 2019
- Term: 2 years (maturity date: Apr 11, 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).
