7.5% Social Media Reverse Convertible Bond – available on secondary market

7.5% Social Media Reverse Convertible Bond – available on secondary market

2-year term, fixed annual interest rate of 7.5% and a barrier being set at 55% of Facebook Inc. and Twitter Inc.

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The 7.5% Social Media Reverse Convertible Bond combines two  fixed interest payments of 7.5% with a partial safety mechanism for the invested capital down to the barrier of 55%. The interest amount is paid out annually, regardless of the performance of the two underlying (Facebook Inc. and Twitter Inc.).

The share basket of the Reverse Convertible Bond consists of two market leaders in the social media industry:

  • The international IT company Facebook Inc. is known for its social network Facebook as well as for the two services Whatsapp and Instagram. The company, based in Silicon Valley, focuses on the development of technologies for the straightforward sharing of information.

  • The short message service Twitter, with currently over 200 million daily users worldwide, is operated by the company Twitter Inc. founded in 2006.

If the daily closing prices of the two underlying shares (Facebook Inc, Twitter Inc.) always quote above the respective barrier of 55% during the observation period, or if the closing prices of each shares quote at or above their respective strike at the final valuation date, the certificate is redeemed at 100% of the nominal value. 
Otherwise, physical delivery of the share with the lowest performance is effected. 

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: 7,5% Social Media Aktienanleihe
  • ISIN: AT0000A2SKE9
  • Initial valuation date: Aug 31, 2021
  • Term: 2 years
    (Maturity date: Sep 01, 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
E: produkte(at)rcb.at