Porsche Express 2 – in subscription

Porsche Express 2 – in subscription

Annual yield opportunity of 9.11% with a maximum term of 5 years

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The Porsche Express 2 certificate combines the opportunity to generate an attractive yield with the possibility for an early redemption. The share of Porsche Automobil Holding SE serves as underlying for the investment product without capital protection. The Express Certificate offers an attractive profit opportunity for those investors who expect the German motor vehicle producer to quote at or above its current level within the forthcoming five years.

Term:

The certificate has a minimum term of1year and a maximum term of 5 years. If the closing price of the Porsche share quotes at or above its redemption level (equal to the share’s closing price at the initial valuation date) at one of the annual valuation dates, (early) redemption is effected analogue to the predefined redemption price.

Yield opportunity:

If the share 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 9.11% to a maximum of 145.55% of the nominal value. This means, the longer the term, the higher the potential termination price (between 109.11% and 145.55% of the nominal value).

Safety mechanism:

In case no early redemption was effected from the first to the fourth 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 Porsche share quotes above the barrier of 50% at the final valuation date, redemption is effected at 100% of the nominal value. This means investors do not generate profit and the nominal value of EUR 1,000 is redeemed.

If the barrier is touched or undercut at the final valuation date physical delivery applies. Then the investor gets shares of Porsche Automobil Holding SE in the amount predefined at the issue date (nominal value/strike). The difference to the integral number is paid out.

Express Certificates – explained shortly:

For any additional information you may require do not hesitate to contact us on +43151520484.

The Structured Products Team of Raiffeisen Centrobank


 

Key facts:
  • ISIN: AT0000A29964
  • Subscription period: Aug 26, - Sep 23, 2019
  • Initial valuation date: Sep 24, 2019
  • Term: min. 1 year, max. 5 years
  • Listing: Vienna, Frankfurt, Stuttgart
  • Issue price: 100.00%
Disclaimer
This is advertising that does not constitute investment advice, an offer, a recommendation or an invitation to submit an offer. Comprehensive information about the financial instrument and its opportunities and risks - see approved (basis) prospectus (including all supplements), published under www.rcb.at/en/securitiesprospectus. Additional information also in the Key Information Document and under "Customer Information and Regulatory Issues" at www.rcb.at/customerinformation. The approval of the prospectus should not be construed as endorsement of this financial instrument by the authority (FMA). You are about to purchase a product that is not simple and difficult to understand. We recommend that you read the prospectus before making an investment decision. The investor bears the credit risk of Raiffeisen Centrobank AG (RCB) when purchasing the financial instrument. The certificate is subject to specific rules that may already be disadvantageous in case of a probable default of RCB (for example, suspension of interest payments) - see www.rcb.at/en/basag.
Contact
The Structured Products Team
T: +43151520484
F: +431 513 43 96
E: produkte(at)rcb.at