6% Automobile Plus Reverse Convertible Bond – available on secondary market

6% Automobile Plus Reverse Convertible Bond – available on secondary market

2-year term, fixed annual interest rate of 6% and a barrier set at 62% of BMW AG, Daimler AG und Volkswagen AG - observation only at the end of the term!

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The 6% Automobile Plus Reverse Convertible Bond combines twofixed interest payments of 6% with a partial safety mechanism for the invested capital down to the barrier of 62% (active only at the final valuation date). The interest amount is paid out annually, regardless of the performance of the three underlying shares (BMW AG, Daimler AG und Volkswagen AG preferential shares).

The share basket of the Plus Reverse Convertible Bond consists of three Bavarian blue-chips:

  • Bayerische Motoren Werke AG is a leading producer of premium passenger cars and motorcycles with the brands BMW, Mini and Rolls-Royce. The group focuses solely on the premium segment throughout its entire brand range.
     
  • Daimler AG is one of the biggest producers of premium cars and commercial vehicles. Its product range spans from high-quality small cars to large commercial trucks.
     
  • Volkswagen AG is engaged in developing and manufacturing passenger cars under its brands Audi, Bentley, Bugatti, Lamborghini, Porsche, Seat, Skoda und VW as well as commercial vehicles under brands like Scania and MAN.

The certificate is redeemed at 100% of the nominal value at the maturity date (April 2023), provided that the daily closing price of each of the three underlying shares quote above the barrier of 62% 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 the Product Detail 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 % Automobil Plus Aktienanleihe
  • ISIN: AT0000A2QDU4
  • Initial valuation date: Apr 20, 2021
  • Term: 2 years
    (Maturity date: Apr 21, 2023)
  • 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