7.5% Streaming Reverse Convertible Bond – in subscription

7.5% Streaming Reverse Convertible Bond – in subscription

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 twofixed interest payments of 7.5% with a partial safety mechanism for the invested capital down to the barrier the barrier of 59%. 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.

The certificate is redeemed at 100% of the nominal value at the maturity date (July 2023), 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, solely 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 +43 1 515 20-484.

The Team Structured Products of Raiffeisen Centrobank

 

 

 

 

Key facts:
  • Name: 7,5 % Streaming Aktienanleihe
  • ISIN: AT0000A2RK26
  • Subscription period: Jun 08, - Jul 05, 2021
  • Initial valuation date: Jul 06, 2021
  • Term: 2 years
    (Maturity date: Jul 07, 2023)
  • Listing: Vienna, Frankfurt, Stuttgart
  • Issue price: 100.00%
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