6.5% Austria Plus Reverse Convertible Bond – available on secondary market

6.5% Austria Plus Reverse Convertible Bond – available on secondary market

2-year term, fixed annual interest rate of 6.5% and a barrier set at 60% of Erste Group and OMV (observation only at the end of the term)

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The 6.5% Austria Plus Reverse Convertible Bond combines twofixed interest payments of 6.5% with a partial safety mechanism for the invested capital down to the barrier of 60% (active only at the final valuation date). The interest amount is paid out annually, regardless of the performance of the two underlying shares (Erste Group Bank AG and OMV AG).

The share basket of the Plus Reverse Convertible Bond consists of two heavyweights of the Austrian economy:

  • Erste Group Bank AG is one of the largest financial services providers in Central- and Eastern Europe. The bank’s main focus is on the private banking business.
     
  • OMV AG is an integrated oil and gas company, active both in the up- and downstream businesses. OMV has a balanced international upstream portfolio while its downstream oil and gas business features a European footprint.

The certificate is redeemed at 100% of the nominal value at the maturity date (October 2022), provided that the daily closing price of each of both underlying shares quote above the barrier of 60% of each respective strike on the final valuation date (observation only at maturity).

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.

Reverse Convertible Bonds - explained in an easy way

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

 

 

Key facts:
  • Name: 6,5% Österreich Plus Aktienanleihe
  • ISIN: AT0000A2J6G7
  • Initial valuation date: Oct 15, 2020
  • Term: 1.5 year
    (Maturity date: Oct 17, 2022)
  • Listing: Vienna, Frankfurt, Stuttgart
Disclaimer
This is advertising that does not constitute investment advice, an offer, a recommendation or an invitation to submit an offer. Comprehensive information about the financial instrument and its opportunities and risks - see approved (basis) prospectus (including all supplements), published under www.rcb.at/en/securitiesprospectus. Additional information also in the Key Information Document and under "Customer Information and Regulatory Issues" at www.rcb.at/customerinformation. The approval of the prospectus should not be construed as endorsement of this financial instrument by the authority (FMA). You are about to purchase a product that is not simple and difficult to understand. We recommend that you read the prospectus before making an investment decision. The investor bears the credit risk of Raiffeisen Centrobank AG (RCB) when purchasing the financial instrument. The certificate is subject to specific rules that may already be disadvantageous in case of a probable default of RCB (for example, suspension of interest payments) - see www.rcb.at/en/basag. Certificates issued by RCB are no financial products as defined in the Regulation (EU) 2019/2088.
Contact
The Structured Products Team
T: +43151520484
F: +431 513 43 96
E: produkte(at)rcb.at