The certificate 3% MSCI Europe/North America Sustainability Bonus&Safety is based on two well-known stock indices. The MSCI® Europe Top ESG Select 4.5% Decrement Inde and the MSCI® North America Top ESG Select 4.5% Decrement Index serve as underlyings for this certificate.
This investment product is suited for investors who expect the MSCI® Europe Top ESG Select 4.5% Decrement Index as well as the MSCI® North America Top ESG Select 4.5% Decrement Index to perform stably in the upcoming five years and who deem price slumps of 51% or more unlikely to occur. The certificate combines fixed interest payments of 3% annually with partial protection for the invested capital. The initial distance to the barrier (safety buffer) is 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 (February 2027) provided that the MSCI® Europe Top ESG Select 4.5% Decrement Index and the MSCI® North America Top ESG Select 4.5% Decrement Index always quote above their barrier of 49% of the respective starting value (= respective closing price on February 10, 2022) 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 (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.
Details on the MSCI® Europe Top ESG Select 4.5% Decrement index and MSCI® North America Top ESG Select 4.5% Decrement Index as well as the current list of index members can be found on the website of the index provider MSCI.
Bonus Certificates – explained shortly:
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The Structured Products Team of Raiffeisen Centrobank