The 6.6% Bayern Protect Reverse Convertible Bond combines two fixed interest payments of 6.6% 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 (BMW AG, Linde Plc, Siemens AG).
The share basket of the Protect Reverse Convertible Bond consists of three German blue chips:
- Bayerische Motoren Werke AG is a leading producer of premium passenger cars and motorcycles under the brands BMW, Mini and Rolls-Royce. The group focuses on the premium segment throughout its entire brand range.
- Linde Plc is a global market leader for industrial-, process- and special gases. The company was created in 2018 through the merger of the German Linde AG with its US competitor Praxair Inc.
- The German technology group Siemens AG headquartered in Munich operates in the energy, healthcare, infrastructure and urban development industry.
The certificate is redeemed at 100% of the nominal value at the maturity date (December 2020), 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 (daily observation).
If one of the barriers is touched or undercut by the daily closing price of at least one of the underlying shares and at least one of these shares closes below its strike at the final valuation date, the predefined amount of the worst performing share is delivered (percentage performance from the starting value to the closing price at the final valuation date).
Further information as well as the Key Information Document please find on Product Page.
Further information as well as the Key Information Document please find on the Product Page.
For any additional information you may require do not hesitate to contact us on +43151520484.
The Structured Products Team of Raiffeisen Centrobank
The product described herein is subject to and governed by the Base Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority (FMA). The Base Prospectus has been deposited at the Oesterreichische Kontrollbank AG, published at www.rcb.at/securitiesprospectus and contains the risks and terms and conditions of the product.
Additional information may also be obtained from the key information document of the product published at www.rcb.at. Raiffeisen Centrobank AG is subject to supervision by the FMA and the Austrian National Bank as well as the European Central Bank within the Single Supervisory Mechanism (Council Regulation (EU) No 1024/2013).