USD 7.5% USA Plus+ Protect Reverse Convertible Bond - available on secondary market

USD 7.5% USA Plus+ Protect Reverse Convertible Bond - available on secondary market

2 year term, fixed annual interest rate of 7.5% and a barrier being set at 59% of Apple Inc., AT & T Inc. and Microsoft Corp.

Advertisement

The 7.5% USA Plus+ Protect Reverse Convertible Bond combines two fixed interest payments of 7.5% with a partial safety mechanism for the invested capital down to the barrier the barrier of 59%. The interest amount is paid out annually, regardless of the performance of the three underlying shares (Apple Inc., AT & T Inc. and Microsoft Corp.).

The share basket of the Protect Reverse Convertible Bond consists of three heavyweights of the US-American economy:

  • California-based multinational technology group Apple Inc. is active in hardware and soft­ware development and is known for products such as the iPhone or iPad.
  • The Texas-based AT & T Inc. is the largest telecommunications company in the world and the leading mobile and fixed line operator in the United States.
  • The international software and hardware manufacturer Microsoft Corp. based in Washington is best known for its Windows operating system and its Office software suite

The certificate is redeemed at 100% of the nominal value at the maturity date (October 2021), provided that the closing price of each share quote above the respective barrier of 59% on final valuation date.

If the barrier of 59% of the respective strike is touched or undercut by the closing price of one or more of the shares (Apple Inc., AT&T Inc., Microsoft Corp.) at the final valuation date, the investor receives the worst performing share (percentage change from strike to closing price at the final valuation date) in the amount predefined at the issue date.

Further information as well as the Key Information Document please find on Product Page.

Reverse Convertible Bonds - explained in an easy way

Please adjust your cookie settings to allow YouTube videos or start the video here: External link to the video on YouTube

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

The Structured Products Team of Raiffeisen Centrobank


 

Key facts:
  • Name: USD 7.5% USA Plus+ Protect Reverse Convertible Bond
  • ISIN: AT0000A2AKK4
  • Initial valuation date: Oct 28, 2019
  • Term: 2.5 years
    (Maturity date: Oct 29, 2021)
  • Listing: Stuttgart
Disclaimer
This is advertising. This non-binding information does not constitute advice, recommendation or invitation to conclude a transaction. The presentation is of a generic nature, does not take into account the personal circumstances of potential investors and therefore cannot replace individual investor and investment-oriented advice and risk disclosure. This advertisement has not been prepared in compliance with the legal provisions promoting the independence of investment research and is not subject to the ban on trading following the dissemination of investment research. A base prospectus (including any supplements) that complies with the Austrian Capital Market Act and has been approved by the competent authorities (CSSF, FMA) is available on the website of Raiffeisen Bank International AG (raiffeisencertificates.com/en/securities-prospectus/). The approval of the base prospectus by the competent authorities is not to be understood as an endorsement by the competent authorities of the financial instruments described herein. We recommend reading the prospectus before making an investment decision. Important additional information on the products described (in particular their opportunities and risks) can be found on the website of Raiffeisen Bank International AG at raiffeisencertificates.com/en/; in particular, the approved base prospectus (including any supplements) can be found at (raiffeisencertificates.com/en/securities-prospectus/) and under "Customer Information and Regulatory Issues" at raiffeisencertificates.com/en/customer-information/. Regulatory authorities: Austrian Financial Market Authority (FMA), European Central Bank (ECB). Imprint according to Austrian media law: Media owner and producer is Raiffeisen Bank International AG, Am Stadtpark 9, 1030 Vienna/Austria.