The Deutsche Telekom Express certificate connects the opportunity to generate attractive yield with the possibility for an early redemption. The share of Europe’s largest telecommunications company Deutsche Telekom AG serves as underlying for the investment product without capital protection. The Express Certificate offers an attractive profit opportunity for those investors who expect this German blue chip to quote at or above the annually declining termination level (termination levels see table below) in the upcoming five years.
The certificate has a minimum term of1year and a maximum term of 5 years. If the closing price of the Deutsche Telekom AG share quotes at or above its respective termination level at one of the annual valuation dates, (early) redemption is effected according to the predefined termination price.
The longer the term is, the higher is the termination price and the lower is the termination level. If the share quotes below its termination level at the respective annual valuation date, the term extends by another year, the potential termination price rises by 5% and the annual terminal level declines by 10 percentage points.
|TERM||TERMINATION LEVEL||TERMINATION PRICE|
|1st year||100 % of the starting value||105% of the nominal value|
|2nd year||90 % of the starting value||110% of the nominal value|
|3rd year||80 % of the starting value||115% of the nominal value|
|4th year||70 % of the starting value||120% of the nominal value|
|5th year||60 % of the starting value||125% 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 of 60% (equal to the barrier) at the fifth and final valuation date, physical delivery of the share is effected. This means that the investor receives shares of Deutsche Telekom AG in the predefined amount (nominal value/starting value). The difference to the integral number is paid out in cash.
Further information as well as the Key Information Document please refer to the product page:
For any additional information you may require do not hesitate to contact us on +43151520484.
The Structured Products Team of Raiffeisen Centrobank
The product described herein is subject to and governed by the Base Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority (FMA). The Base Prospectus has been deposited at the Oesterreichische Kontrollbank AG, published at www.rcb.at/en/securitiesprospectus and contains the risks and terms and conditions of the product.
Additional information may also be obtained from the key information document of the product published at www.rcb.at. Raiffeisen Centrobank AG is subject to supervision by the FMA and the Austrian National Bank as well as the European Central Bank within the Single Supervisory Mechanism (Council Regulation (EU) No 1024/2013).