11.75% Austria Reverse Convertible Bond – available on secondary market

11.75% Austria Reverse Convertible Bond – available on secondary market

2 year term, fixed annual interest rate of 11.75% and a barrier being set at 59% of Erste Group Bank AG, OMV AG and voestalpine AG

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The 11.75% Austria Reverse Convertible Bond combines two fixed interest payments of 11.75% with a partial safety mechanism for the invested capital down to the barrier of 59%. The interest amount is paid out annually, regardless of the performance of the three underlying shares (Erste Group Bank AG, OMV AG and voestalpine AG).

The share basket of the Reverse Convertible Bond consists of three heavy weights of the Austrian economy:

  • Erste Group Bank AG, the universal bank with a focus on the private client sector concentrates primarily on the markets of Central and Eastern Europe.
  • OMV AG is an integrated, international oil and gas company with activities in the up- and downstream sector.
  • voestalpine is one of the world‘s leading technology group with a focus on product and system solutions made of steel and other metals.

The certificate is redeemed at 100% of the nominal value at the maturity date (September 2024), provided that the daily closing price of each of the three underlying shares always quotes above the respective barrier of 59% during the observation period.

If at least one underlying price quoted at or below its respective barrier and the final value of at least one underlying quotes below the respective starting value, physical delivery of shares is effected. Regardless of which underlying violated the barrier, only the underlying with the worst performance (percentage performance from the starting value to the final value) shall be delivered to the  securities account. The fixed interest rate is paid out in any case, regardless of the performance of the underlying shares.

Further information as well as the Key Information Document please find on the product page.

Reverse Convertible Bonds - explained in an easy way

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For any additional information you may require do not hesitate to contact us on +43151520484.

The Certificates Team of Raiffeisen Centrobank

Key facts:
  • Name: 11,75 % Österreich Aktienanleihe
  • ISIN: AT0000A2ZXJ6
  • Initial valuation date: Sep 20, 2022
  • Term: 0.5 years
    (Maturity date: Sep 20, 2024)
  • Listing: Vienna, Stuttgart
Disclaimer
This is advertising. This non-binding information does not constitute advice, recommendation or invitation to conclude a transaction. The presentation is of a generic nature, does not take into account the personal circumstances of potential investors and therefore cannot replace individual investor and investment-oriented advice and risk disclosure. This advertisement has not been prepared in compliance with the legal provisions promoting the independence of investment research and is not subject to the ban on trading following the dissemination of investment research. A base prospectus (including any supplements) that complies with the Austrian Capital Market Act and has been approved by the competent authorities (CSSF, FMA) is available on the website of Raiffeisen Bank International AG (raiffeisencertificates.com/en/securities-prospectus/). The approval of the base prospectus by the competent authorities is not to be understood as an endorsement by the competent authorities of the financial instruments described herein. We recommend reading the prospectus before making an investment decision. Important additional information on the products described (in particular their opportunities and risks) can be found on the website of Raiffeisen Bank International AG at raiffeisencertificates.com/en/; in particular, the approved base prospectus (including any supplements) can be found at (raiffeisencertificates.com/en/securities-prospectus/) and under "Customer Information and Regulatory Issues" at raiffeisencertificates.com/en/customer-information/. Regulatory authorities: Austrian Financial Market Authority (FMA), European Central Bank (ECB). Imprint according to Austrian media law: Media owner and producer is Raiffeisen Bank International AG, Am Stadtpark 9, 1030 Vienna/Austria.