Andritz Express – available on secondary market

Andritz Express – available on secondary market

Annual yield opportunity of 13% with a maximum term of 5 years

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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.

Term:

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.

Yield opportunity:

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).

Safety mechanism:

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.

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


 

Key facts:
  • ISIN: AT0000A292F4
  • Initial valuation date: Aug 22, 2019
  • Term: min. 1 year, max. 5 years
  • Listing: Vienna, Frankfurt, Stuttgart
Contact
The Structured Products Team
T: +43151520484
F: +431 513 43 96
E: produkte(at)rcb.at