The 5.3% Siemens/Total Protect Reverse Convertible Bond combines a fixed annual interest rate of 5.3% with a partial safety mechanism for the invested capital down to the barrier. The interest amount is paid out annually, regardless of the performance of the two underlying shares.
The share basket comprises the two companies with the currently highest weighting in the EURO STOXX 50® index:
- Siemens AG is a German technology group operating in fields like energy, medical technology, industrials, infrastructure and urban development.
- Total AG is the fourth largest publicly traded petroleum company worldwide known for engine oil and lubricants.
PAYOUT PROFILE:
At the maturity date (February 2019) the certificate will be redeemed at 100% of the nominal value, provided that the closing prices of each of the two underlying shares daily quote above the respective barrier of 55% during the observation period.
In case the barrier is touched or undercut by at least one of the underlying shares and at the end of the term 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 predefined amount of the worst performing share is delivered (percentage performance from strike to closing price at the final valuation date).
Key Facts:
- ISIN: AT0000A1QDM3
- Initial valuation date: Feb 7, 2017
- Term: 2 years (maturity date: Feb 8, 2019)
- Public offer in: Austria, Germany, Italy, Hungary, Poland, Czechia, Slovakia, Romania, Slovenia, Croatia
- Listing: Vienna, Frankfurt, Stuttgart
For any additional information you may require do not hesitate to contact us on +43 1 515 20-484.
The Structured Products Team 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).
