The certificate Dividend Stocks Bond 90% X 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 a sideways development the global dividend share 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 February 9, 2021) is determined. At the final valuation date (February 7, 2029) the closing price of the index is compared to the starting value and one of the following scenarios will apply:
A) Index ≥ 108% of the starting value → redemption at 124%
If the closing price of the index on the final valuation date quotes at/above 108% of the starting value, the redemption will be effected at 124% of the nominal amount at the maturity date. This corresponds to the maximum amount of EUR 1,240 per nominal amount.
B) Index ≥ 90% and <108% of the starting value → redemption at 108%
If the closing price of the index on the final valuation date quotes below 108% but at/above 90% of the starting value, the redemption is effected at 108% of the nominal amount at the maturity date. This corresponds to EUR 1,080 per nominal amount.
C) Index <90% of the starting value → redemption at 90%
If the closing price of the index on the final valuation date is below 90% of the starting value, the capital protection takes effect and the certificate is redeemed at 90% of the nominal amount at the maturity date (corresponds to EUR 900 per nominal amount).
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 Product Detail Page.
Details on the STOXX® Global ESG Leaders Select 50 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