The 6.5% Austria Protect Reverse Convertible Bond combines a fixed annual interest rate of 6.5% with a partial safety mechanism for the invested capital until the barrier. The annual interest amount is paid out in each of the two years, regardless of how the three underlying shares (Erste Group Bank AG, OMV AG, voestalpine AG) perform.
The certificate is redeemed at 100% nominal value at the maturity date (June 2017), provided that, during the observation period, the price of each of the three underlying shares always quotes above the respective barrier of 55% (continuous observation).
In case the barrier is touched or undercut by at least one of the underlying shares and at least one of these shares quotes below its strike at the final valuation date, the worst performing share is delivered at the pre-defined amount of shares per nominal value (percentage performance from the starting value to the closing price at the final valuation date).
Key Facts:
- ISIN: AT0000A1EEW6
- Initial valuation date: Jun 05, 2015
- Observation period: Jun 08, 2015 – Jun 06,2017
- Term: 2 years (maturity date: June 08, 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: 6.5% Austria 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
