The 6% Germany Protect Reverse Convertible Bond connects a fixed annual interest rate of 6% with a partial safety mechanism for the invested capital. The annual interest amount is paid out each year of the two-years term, regardless of how the three underlying shares (Bayer AG, BMW AG, Siemens AG) perform. The redemption of the nominal value at the end of the term depends on the performance of the three shares: at the beginning of the term the distance to the barrier (safety buffer) comes up to 45%.
The certificate is redeemed at 100% nominal value at the maturity date (February 2017), provided that, during the observation period, the price of each of the three underlying shares always quotes above the barrier of 55% (continuous observation).
Furthermore the certificate is redeemed at 100% nominal value if all of the underlying shares quote at or above their strike prices at the final valuation date, regardless if the barrier of 55% was touched or undercut by at least one of the underlying shares during the observation period.
In case the barrier is touched or undercut by at least one of the underlying shares and at least one of the underlying shares quotes below its strike at the final valuation date, the predefined amount of shares per nominal value of the worst performing share is delivered (percentage performance from the starting value to the closing price at the final valuation date).
- ISIN: AT0000A1BNL6
- Initial valuation date: Feb 05, 2015
- Observation period: Feb 06, 2015 – Feb 02,2017
- Term: 2 years (maturity date: Feb 06, 2017)
- Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
- Listing: Vienna, Frankfurt, Stuttgart.
Further information is available at the product page: 6% Germany Protect Reverse Convertible Bond
For more details kindly see the Product Folder (PDF).
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.
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