The 9.5% Germany Protect Reverse Convertible Bond connects a fixed annual interest rate of 9.5% with a partial safety mechanism for the invested capital until the barrier. The annual interest amount is paid out in each of the two-years term, regardless of how the three underlying shares (Daimler AG, RWE AG, ThyssenKrupp AG) perform.
The certificate is redeemed at 100% of the nominal value at the maturity date (July 2017), provided that, during the observation period, the price of each of the three underlying shares always quotes above the respective barrier of 60% (continuous observation).
In case the barrier is touched or undercut by at least one of the underlying shares the 9.5% Germany Protect Reverse Convertible Bond provides for physical delivery at the end of the term. Exception: all underlying shares quote at or above their respective strike at end of the term. The investor gets the worst performing share (percentage performance from the starting value to the closing price at the final valuation date) in the amount pre-defined at the issue date.
Key Facts:
- ISIN: AT0000A1EZE9
- Initial valuation date: Jul 10, 2015
- Observation period: Jul 13, 2015 – Jul 11,2017
- Term: 2 years (maturity date: Jul 13, 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: 9.5% 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
