The certificate Dividend Stocks Bond 90% IX is based on the STOXX® Global Select Dividend 100 Price EUR index, which contains 100 high-dividend stocks. Security-oriented investors who expect at least moderately positive performance of the global dividend stocks index STOXX® Global Select Dividend 100 Price EUR over the next 8 years, but at the same time want to have a large part of their invested capital covered, can use this certificate to position themselves for this market scenario.
At the initial valuation date the starting value of the STOXX® Global Select Dividend 100 Price EUR index (closing price on December 23, 2020) is determined. At the final valuation date (December 21, 2028) the closing price of the index is compared to the starting value and one of the following scenarios will apply:
SCENARIO 1: Index AT/ABOVE the starting value → redemption at 124%
If the closing price of the index at the final valuation date is equal to or higher than the starting value, the redemption on the maturity date will be 124% of the nominal amount. This equals the maximum amount of EUR 1,240 per EUR 1,000 nominal value.
SCENARIO 2: Index BELOW the starting value → redemption at 90%
If the closing price of the index at the final valuation date quotes below the starting value, the capital protection will apply and the certificate will be redeemed at the maturity date at 90% of the nominal value (equivalent to EUR 900 per nominal value).
The 90% capital protection by Raiffeisen Centrobank AG only applies at maturity, i.e. during the term the certificate price may drop below 90%, but the investor obtains at least 90% of the nominal value at the end of the term.
The issue price amounts to 100% (nominal value EUR 1,000) within the subscription period. Further information as well as the Key Information Document please find on the product page.
Details on the STOXX® Global Select Dividend 100 index as well as the current list of index members can be found on the website of the index provider STOXX Ltd.
Capital Protection Certificates – simply explained:
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