The certificate Sustainability Winner 90% IV is based on the STOXX® Global ESG Leaders Select 50, a global benchmark of 50 sustainable stock titles. The certificate addresses security-oriented investors who consider ethical, ecological and social criteria in their investment decisions and hence are looking for a sustainable investment.
At the initial valuation date the starting value of the STOXX® Global ESG Leaders Select 50 index (closing price on December 23, 2020) and the cap (124% of the starting value) are determined. At the end of the term (December 21, 2028) 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 124%
1:1 participation in the index performance, e.g.: index +20% → redemption: EUR 1,200
… but ABOVE the cap of 124%
Redemption at the maximum amount, e.g.: index +35% → redemption: EUR 1,240
- SCENARIO 2 – negative index performance
a) … but ABOVE 90% of the starting value
Redemption at the maximum amount, e.g.: index -5% → redemption: EUR 950
b) … and BELOW 90% of the starting value
100% participation in the index performance, e.g.: index -30% → redemption: EUR 900
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