The Ethics Winner Capital Protection Certificate is based on the iSTOXX® Global Ethical Select 30 index, developed jointly by Raiffeisen Centrobank in cooperation with the renowned index provider STOXX Ltd. to be able to invest according to the ethical values of Christian social teaching. The certificate addresses security-oriented investors who consider ethical, ecological and social care important criteria in their investment decisions.
At the initial valuation date the starting value of the iSTOXX® Global Ethical Select 30 index (closing price on March 17, 2020) and the cap (140% of the starting value) are determined. At the end of the term the performance of the index is calculated and one of the following scenarios will occur:
- SCENARIO 1 – positive index performance
... and BELOW the cap of 140%
1:1 participation in the index performance, e.g.: index +30% → redemption: EUR 1,300
... but ABOVE the cap of 140%
Redemption at the maximum amount, e.g.: index +50% → redemption: EUR 1,400
- SCENARIO 2 –index performance UNCHANGED or NEGATIVE
… and thus BELOW 100% of the starting value
100% capital protection applies at the end of the term, e.g.: index performance -40% → redemption: EUR 1,000
The 100% capital protection by Raiffeisen Centrobank AG only applies at maturity, i.e. during the term the certificate price may drop below 100%, but the investor obtains at least 100% 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 Page.
Details on the iSTOXX® Global Ethical Select 30 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 +43151520484.
The Structured Products Team of Raiffeisen Centrobank