The 6.5% Austria Protect Reverse Convertible Bond4 combines afixed interest payment of 6.5% with a partial safety mechanism for the invested capital down to the barrier the barrier of 59%. The interest amount is paid out at the end of the term, regardless of the performance of the three underlying shares (Andritz AG, Erste Group Bank AG, OMV AG).
The share basket of the Protect Reverse Convertible Bond consists of three Austrian blue chips:
- Andritz AG is a leading Austrian engineering and plant construction company. The group headquartered in Graz employs about 29,000 people in more than 40 countries.
- Erste Group Bank AG is one of the largest financing service 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 business. 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 (April 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).
The issue price amounts to 100 % (nominal value EUR 1,000) within the subscription period. 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 +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).