7.75% Germany Protect Reverse Convertible Bond – available on secondary market

2 years term, fixed annual interest rate of 7.75% and barrier being set at 55% of the strike of each share

The 7.75% Germany Protect Reverse Convertible Bond connects a fixed annual interest rate of 7.75% with a partial safety mechanism for the invested capital until the barrier. The annual interest amount is paid out each year of the two-years term, regardless of how the three underlying shares (BMW, Deutsche Börse, Merck) perform.

The certificate is redeemed at 100% of the nominal value at the maturity date (Oktober 2017), provided that, during the observation period, the price of each of the three underlying shares always quotes above the respective barrier of 55% (continuous observation).

In case the barrier is touched or undercut by at least one of the underlying shares and at least one of these shares quotes below its strike at the final valuation date, the predefined amount of shares per nominal value of the worst performing share is delivered (percentage performance from the starting value to the closing price at the final valuation date).

Key Facts:

  • ISIN: AT0000A1GLL9
  • Initial valuation date: Oct 23, 2015
  • Observation period: Oct 28, 2015 – Oct 25,2017
  • Term: 2 years (maturity date: Oct 30, 2017)
  • Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
  • Listing: Vienna, Frankfurt, Stuttgart

Further information is available at the product page: 7.75% Germany Protect Reverse Convertible Bond

For more details kindly see the Product Folder (PDF).

This product, the risks and terms and conditions associated with it, are subject to and governed by the Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority, which has been deposited at Oesterreichische Kontrollbank AG and is published on www.rcb.at/SecuritiesProspectus.

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