The 5.75% European Industries Bonus 2 certificate connects two fixed annual interest payments of 5.75% with a partial safety mechanism for the invested capital (initial distance to the barrier of 41%). The interest amount is paid out annually, regardless of the performance of the three underlying indices. The certificate has a term of two years.
Three European indices serve as underlyings for the Bonus Certificate:
- The STOXX® Europe 600 Automobiles & Parts Index comprises 12 leading automotive manufacturers and suppliers from the eurozone and serves as a benchmark for the European automotive industry.
- The STOXX® Europe 600 Basic Resources index tracks the performance of the stocks of 19 European companies focusing on extraction and processing of basic resources (raw materials).
- The STOXX® Europe 600 Insurance Index tracks the performance of the stocks of 31 leading European insurance companies.
The certificate is redeemed at 100% of the nominal value at the maturity date (June 2023), provided that the price of each of the three underlying indices always quotes above the respective barrier of 59% of the starting valueduring the observation period (continuous observation).
If the price of ONE or MORE of the underlying indices is at least once at or below the respective barrier of 59%, redemption at the maturity date is effected according to the index which performs worst (percentage change from the starting value to the closing price at the final valuation date). - "worst of". Even if the barrier is touched or undercut, the maximum payout amount remains limited to EUR 1,000 per nominal amount and investors do not participate in price increases of the indices above the respective starting value.
Further information as well as the Key Information Document can be found on the product page.
Details on the three underlying STOXX® indizes as well as the current list of index members can be found on the website of the index provider STOXX Ltd.
Bonus Certificates – explained shortly:
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