Reach Your Target by Express. The voestalpine Express 9 certificate combines the opportunity to generate attractive yield with the possibility for early redemption. The share ofvoestalpine AGserves as underlying for the Investment Product without Capital Protection. The Express Certificate offers an attractive profit opportunity for those investors who expect the voestalpine share to quote at or above its current level within the forthcoming five years.
The certificate has a minimum term of1year and a maximum term of 5 years. If the closing price of the voestalpine 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 according to the predefined redemption price.
If the share quotes below the starting value at the annual valuation date, the term extends by another year (up to a maximum term of five years). At the same time, the potential annual termination price rises by 7.5% of the nominal value annually (up to a maximum of 137.5%).
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 voestalpine share quotes above the barrier of 60% 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 of shares applies. Then the investor receives voestalpine AG shares in the amount predefined at the issue date (=nominal value/starting value). The difference to the integral number is paid out. In this case, the lower share price of the delivered shares may result in the loss of a major part of the capital.
Further information as well as the Key Information Document please find on the product 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