The 6.5% Austria Protect Reverse Convertible Bond 3 combines a fixed interest rate of 6.5% with a partial safety mechanism for the invested capital until the barrier. The interest amount is paid out at the end of the term, regardless of how the three underlying shares perform.
The share basket is made up of three renowned blue chips of the Austrian leading 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.
The certificate is redeemed at 100% of the nominal value at the maturity date (October 2017), provided that the price of each of the three underlying shares always quotes above the respective barrier of 59% (daily observation of the closing prices) during the observation period.
In case the barrier is touched or undercut by at least one of the underlying shares and 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 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: AT0000A1NUR3
- Initial valuation date: Oct 24, 2016
- Observation period: Oct 25, 2016 – Oct 20, 2017
- Term: 1 year (maturity date: Oct 25, 2017)
- 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: 6.5% Austria Protect Reverse Convertible Bond 3
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.
Additionally, Raiffeisen Centrobank AG is subject to supervision by the European Central Bank (ECB), which ECB undertakes within the Single Supervisory Mechanism (SSM), which consists of the ECB on national responsible authorities (Council Regulation (EU) No 1024/2013).
