The 6.7% Germany Protect Reverse Convertible Bond connects a fixed annual interest rate of 6.7% with a partial safety mechanism until the barrier 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 (BASF SE, Deutsche Post AG, Volkswagen (preferred)) perform.
The certificate is redeemed at 100% nominal value at the maturity date (March 2017), provided that, during the observation period, the price of each of the three underlying shares always quotes above the resprective 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 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).
Key Facts:
- ISIN: AT0000A1CV13
- Initial valuation date: Mar 12, 2015
- Observation period: Mar 13, 2015 – Mar 09,2017
- Term: 2 years (maturity date: Mar 13, 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: 6.7% 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
