The Express Certificate provides investors with the opportunity to generate attractive yield and to have the certificate redeemed prior to the maturity date.
UNDERLYING:
The STOXX® Global Select Dividend 100 Index (EUR) serves as underlying for the investment product. The Dividend Stocks Express 2 Certificate offers an attractive opportunity for investors who expect the global index of strong dividend yielding companies to quote at or above its current level in the forthcoming years.
TERM:
The certificate has a minimum term ofoneyear and a maximum term of four years. Provided that the closing price of the STOXX® Global Select Dividend 100 Index (EUR) quotes at or above its termination level (equal to the index closing price at the initial valuation date) at one of the annual valuation dates, (early) redemption is effected analogue to the pre-defined termination price.
YIELD OPPORTUNITY:
The longer the term, the higher is the payout (between 106.5% and 126% of the nominal value). This means if the index quotes below the starting value at the respective annual valuation date, the term extends by another year and the potential annual termination price rises by 6.5% to a maximum of 26%.
In case no early redemption was effected in the first, second or third year, and provided that the underlying quotes below the termination level at the fourth and final valuation date, an additional safety mechanism applies: in case the closing price of the index quotes above the barrier of 59%, redemption is effected at 100%. In this case investors will not generate profit and the nominal value of EUR 1,000 will be redeemed.
Should the index price quote at or below the barrier at the final valuation date, redemption is effected 1:1 analogue to the index performance (percentage performance from the index starting value to the closing price at the final valuation date).
Key Facts:
- ISIN: AT0000A1G346
- Initial valuation date: Sep 24, 2015
- Term: min. 1 year, max. 4 years
- 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: Dividend Stocks Express 2
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
