The certificate 3% Europe/Austria Bonus&Safety refers to two reknown stock indices. The European stock benchmark EURO STOXX 50® and the Austrian benchmark index ATX® serve as underlying for this certificate.
This certificate is suited to investors who expect the European as well as the Austrian economy to perform stably in the upcoming five years, and who deem price slumps of 51% or more unlikely to occur. The investment product without capital protection combines fixed interest payments of 3% annually with an initial distance to the barrier of 51%. The certificate has a term of 5 years.
Redemption of the nominal value at the end of the term depends on the performance of the two indices. Redemption is effected at 100% at maturity (October 2024) provided that the EURO STOXX 50® index and ATX® always quote above their barrier of 49% of the respective starting value (= respective closing price on October 10, 2019) during the observation period.
If the barrier is violated by at least one of the underlying indices, redemption at the maturity date is effected according to the index which performs “worst of“ (percentage index performance from the starting value to the closing price at the final valuation date). Even if the barrier is touched or undercut investors do not participate in price gains above the respective starting value.
Further information as well as the Key Information Document can be found on the product page.
Bonus Certificates – explained shortly:
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The Structured Products Team of Raiffeisen Centrobank