The Andritz Express certificate combines the opportunity to generate an attractive yield with the possibility for an early redemption. The share of Andritz AG serves as underlying for the investment product without capital protection. The Express Certificate offers an attractive profit opportunity for those investors who expect the share of Austria’s leading machine and plant construction company to quote at or above its current level within the forthcoming five years.
The certificate has a minimum term of1year and a maximum term of 5 years. If the closing price of the Andritz share quotes at or above its redemption level (equal to the share’s closing price at the initial valuation date) at one of the annual valuation dates, (early) redemption is effected according to the predefined redemption price.
If the share quotes below its termination level at the respective annual valuation date, the term extends by another year and the potential annual termination price increases by 13% to a maximum of 65% of the nominal value. This means, the longer the term, the higher the potential termination price (between 113% and 165% of the nominal value).
In case no early redemption was effected from the first to the fourth year and if the underlying quotes below the termination level at the fifth and final valuation date, an additional safety mechanism applies: in case the closing price of Andritz share quotes above the barrier of 60% at the final valuation date, redemption is effected at 100% of the nominal value. This means investors do not generate profit and the nominal value of EUR 1,000 is redeemed.
If the barrier is touched or undercut at the final valuation date physical delivery applies. Then the investor gets the Andritz shares in the amount predefined at the issue date (nominal value/strike). The difference to the integral number is paid out.
The issue price amounts to 100% (nominal value USD 1,000) within the subscription period. Further information as well as the Key Information Document can be found on the Product Page.
Express Certificates – explained shortly:
For any additional information you may require do not hesitate to contact us on +43151520484.
The Structured Products Team of Raiffeisen Centrobank
For information on the product and its opportunities and risks - see the approved Base Prospectus (including possible amendments) published at www.rcb.at/en/securitiesprospectus. Additional information can also be found in the Key Information Document and under "Customer Information and Regulatory Issues" at www.rcb.at/en/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 may be 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.
Raiffeisen Centrobank is supervised by the FMA and the Oesterreichische Nationalbank and also by the European Central Bank under the Single Supervisory Mechanism (SSM, Council Regulation (EU) No. 1024/2013).