The certificate Dividend Stocks Bond 90% XII 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 March 23, 2021) is determined. At the final valuation date (March 21, 2029) the closing price of the index is compared to the starting value and one of the following scenarios will apply:
SCENARIO1: Index AT or above 90% of the starting value
A) Index ≥ 110% of the starting value -> redemption at 128%
If the closing price of the index on the final valuation date quotes at/above 110% of the starting value, the redemption will be effected at 128% of the nominal amount at the maturity date. This corresponds to the maximum amount of EUR 1,280 per nominal amount.
B) Index ≥ 90% and <110% of the starting value -> 1:1 participation in the index
If the closing price of the Index quotes below 110% but at/above 90% at the final valuation date, investors participate 100% in the index performance.
SCENARIO 2: Index below 90% of the starting value
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.
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