6.75% Bavaria Protect Reverse Convertible Bond – available on secondary market

6.75% Bavaria Protect Reverse Convertible Bond – available on secondary market

2 year term, fixed annual interest rate of 6.75% and a barrier being set at 59% of each share

The 6.75% Bayern Protect Reverse Convertible Bond combines twofixed interest payments of 6.75% 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 (Allianz SE, BMW AG, Infineon Technologies AG).

The share basket of the Protect Reverse Convertible Bond consists of three German blue chips:

  • The financial services provider Allianz SE offers insurance services for private and corporate clients. The long-established company based in Munich is active in more than 70 countries and employs about 140.000 people.
  • 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.
  • Infineon Technologies AG is a leading global provider of semiconductor solutions. The company’s focus is on energy efficiency, mobility and security.

The certificate is redeemed at 100% of the nominal value at the maturity date (October 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.

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).

Key facts:
  • ISIN: AT0000A23K69
  • Initial valuation date: Oct 23, 2018
  • Term: 1.5 year
    (Maturity date: Oct 27, 2020)
  • Listing: Vienna, Frankfurt, Stuttgart
The Structured Products Team
T: +43151520484
F: +431 513 43 96
E: produkte(at)rcb.at