6.75% Europe Protect Reverse Convertible Bond – in subscription

6.75% Europe Protect Reverse Convertible Bond – in subscription

2 year term, fixed annual interest rate of 6.75% and a barrier being set at 55% of Airbus, ING Groep and Sanofi


The 6.75% Europe Protect Reverse Convertible Bond combines twofixed interest payments of 6.75% with a partial safety mechanism for the invested capital down to the barrier the barrier of 55%. The interest amount is paid out annually, regardless of the performance of the three underlying shares (Airbus SE, ING Groep N.V. and Sanofi S.A.).

The share basket of the Protect Reverse Convertible Bond consists of three heavyweights of the European economy:

  • Airbus SE is the second largest aerospace company in the world by revenue. The business units of the company can be roughly divided into passenger aircrafts, helicopters, defense/security and space.
  • ING Groep N.V. is a Dutch multinational banking and financial services corporation. It is one of worldwide 29 systemically important financial institutions. The group offers banking services to more than 38 million retail and wholesale banking customers in over 40 countries.
  • The French Sanofi S.A. is one of the world‘s leading pharmaceutical companies. The company focuses on the areas of diabetes, cardiovascular diseases, vaccinations and specialty care.

The certificate is redeemed at 100% of the nominal value at the maturity date (September 2021), provided that the daily closing price of each of the three underlying shares always quotes above the respective barrier of 55% 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

For information on the product and its opportunities and risks - see the approved Base Prospectus (including possible amendments) published at www.rcb.at/en/securitiesprospectus. Additional information can also be found in the Key Information Document and under "Customer Information and Regulatory Issues" at www.rcb.at/en/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 may be 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

Raiffeisen Centrobank is supervised by the FMA and the Oesterreichische Nationalbank and also by the European Central Bank under the Single Supervisory Mechanism (SSM, Council Regulation (EU) No. 1024/2013).

Key facts:
  • ISIN: AT0000A29634
  • Subscription period: Aug 05, - Sep 02, 2019
  • Initial valuation date: Sep 03, 2019
  • Term: 2 years
    (Maturity date: Sep 07, 2021)
  • Listing: Vienna, Frankfurt, Stuttgart
  • Issue price: 100.00%
The Structured Products Team
T: +43151520484
F: +431 513 43 96
E: produkte(at)rcb.at