8.25% Austria Protect Reverse Convertible Bond – available on secondary market

2-year term, fixed annual interest rate of 8.25% and a barrier at 50% of each share

The 8.25% Austria Protect Reverse Convertible Bond combines a fixed annual interest rate of 8.25% with a partial safety mechanism for the invested capital until the barrier. The interest amount is paid out annually, regardless of how the three underlying shares perform.

The underlying share basket is made up of three renowned blue chips of the Austrian benchmark index ATX®, i.e. the universal bank Erste Group Bank AG, the Austrian oil and refinery company OMV AG and the steel manufacturer voestalpine AG.

Redemption at the end of the term:

The certificate is redeemed at 100% of the nominal value at the maturity date (June 2018), provided that the price of each underlying shares always quotes above the respective barrier of 50% (daily observation) during the observation period.

In case the barrier is touched or undercut by at least one underlying shares and at least one of these shares quotes below its strike at the final valuation date (= closing price of the respective share at the initial valuation date) physical delivery applies. This means the pre-defined amount 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: AT0000A1L8K2
  • Initial valuation date: June 20, 2016
  • Observation period: June 21, 2016 – June 18, 2018
  • Term: 2 years (maturity date: June 21, 2018)
  • 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: 8.25% Austria 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