Reach Your Target by Express. The new certificate Health Care Express connects the opportunity to generate an attractive yield with the possibility for an early redemption.
The STOXX® Europe 600 Health Care index serves as underlying for the certificate. For investors who expect the price of this index to rise or at least remain constant over the next five years, the Express Certificate offers an annual yield opportunity of 5% of the nominal value.
The certificate has a minimum term of 2 year and a maximum term of 5 years. If the closing price of the STOXX® Europe 600 Health Care index quotes at or above its termination level (=starting value) at one of the annual valuation dates, (early) redemption is effected according to the predefined termination price.
If the index quotes below its termination level at the respective annual valuation date, the term extends by another year and the potential annual termination price increases by 5% of the nominal value. This means, the longer the term is, the higher is the termination price (between 110% and 125% of the nominal value).
In case no early redemption was effected from the second to the fifth year and if the underlying quotes below the termination level at the fifth and final valuation date, an additional safety mechanism applies: in case the closing price of the index quotes above the barrier of 60% at the final valuation date, redemption is effected at 100% of the nominal value.
If the barrier is touched or undercut at the final valuation date, redemption is effected according to the index performance (percentage performance from the index starting value to the closing price at the final valuation date). In this case a major loss of capital is possible.
Details on the STOXX® Europe 600 Health Care index as well as the current list of index members can be found on the website of the index provider STOXX Ltd.
Further information and the associated key information document can be found on the respective product detail page.
Express Certificates – explained shortly:
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