7.5% Streaming Reverse Convertible Bond – available on secondary market

7.5% Streaming 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 Amazon.com Inc., Netflix Inc. and Spotify Technology S.A.

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The 7.5% Streaming 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 three underlying (Amazon.com Inc., Netflix Inc. and Spotify Technology S.A.).

The share basket of the Reverse Convertible Bond consists of three market leaders in the streaming industry:

  • Amazon.com Inc. operates Prime Video, one of the largest video-on-demand platforms, with just over 200 million subscribers worldwide. 

  • Netflix Inc. is currently the world‘s largest video-on-demand provider with over 200 million subscribers.

  • Spotify Technology S.A. is currently the largest audio streaming service provider with more than 350 million monthly users and nearly 160 million paying subscribers.

If the daily closing prices of the three underlying shares (Amazon.com Inc., Netflix Inc. and Spotify Technology S.A.) 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

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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 % Streaming Aktienanleihe
  • ISIN: AT0000A2RK26
  • Initial valuation date: Jul 06, 2021
  • Term: 0.5 years
    (Maturity date: Jul 07, 2023)
  • Listing: Vienna, Frankfurt, Stuttgart
Disclaimer
This is advertising. This non-binding information does not constitute advice, recommendation or invitation to conclude a transaction. The presentation is of a generic nature, does not take into account the personal circumstances of potential investors and therefore cannot replace individual investor and investment-oriented advice and risk disclosure. This advertisement has not been prepared in compliance with the legal provisions promoting the independence of investment research and is not subject to the ban on trading following the dissemination of investment research. A base prospectus (including any supplements) that complies with the Austrian Capital Market Act and has been approved by the competent authorities (CSSF, FMA) is available on the website of Raiffeisen Bank International AG (raiffeisencertificates.com/en/securities-prospectus/). The approval of the base prospectus by the competent authorities is not to be understood as an endorsement by the competent authorities of the financial instruments described herein. We recommend reading the prospectus before making an investment decision. Important additional information on the products described (in particular their opportunities and risks) can be found on the website of Raiffeisen Bank International AG at raiffeisencertificates.com/en/; in particular, the approved base prospectus (including any supplements) can be found at (raiffeisencertificates.com/en/securities-prospectus/) and under "Customer Information and Regulatory Issues" at raiffeisencertificates.com/en/customer-information/. Regulatory authorities: Austrian Financial Market Authority (FMA), European Central Bank (ECB). Imprint according to Austrian media law: Media owner and producer is Raiffeisen Bank International AG, Am Stadtpark 9, 1030 Vienna/Austria.