The 7.15% Bavaria Protect Reverse Convertible Bond combines a fixed interest rate of 7.15% with a partial safety mechanism for the invested capital down to 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 Bavarian companies working in different industries:
- Allianz SE operates as an insurance and financial service provider in more than 70 countries
- BMW AG is a leading producer of premium passenger cars and motorcycles with brands like BMW, Mini and Rolls-Royce
- Linde AG ranks among the most successful gas and engineering companies worldwide
Redemption at the end of the term:
The certificate is redeemed at 100% of the nominal value at the maturity date (November 2018), provided that the closing prices of each of the three underlying shares always quotes above the respective barrier of 55% during the observation period (daily observation).
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) at the end of the term 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: AT0000A1PCZ9
- Initial valuation date:Nov 23, 2016
- Term: 2 year (maturity date: Nov 26, 2018)
- Listing: Vienna, Frankfurt, Stuttgart
Further information is available at the product page:7.15% Bavaria 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.
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).
