Protect Reverse Convertible Bonds provide for a fixed interest rate, a pre-defined term as well as fixed strike. These parameters remain unchanged during the term. The interest rate, which is significantly above the market level represents an attractive return for the investor.
Payout Profile:
The fixed interest amount is paid out at the end of the term in any case, regardless of the performance of the underlying share. The redemption of the nominal value at the end of the term depends on the performance of the respective underlying:
As long as the respective underlying always quotes above the barrier, the Reverse Convertible Bond is automatically redeemed at 100% of the nominal value at the maturity date. In case the closing price of the underlying share quotes above the strike at the final valuation date the Reverse Convertible Bond will also be redeemed at 100% of its nominal value.
If the barrier was touched or undercut AND the share‘s closing price quotes below the strike at the final valuation date, the predefined amount of shares per nominal value is delivered (physical delivery).
The eight Reverse Convertible Bonds are based on one of the following companies (one share per certificate):
Andritz AG
Raiffeisen Bank International AG
voestalpine AG
Allianz SE
Bayer AG
Daimler AG
Deutsche Telekom AG
E.ON SE
Key Facts:
- Initial valuation date: Apr 25, 2016
- Term: 2 years (Maturity date: Apr 30, 2018)
- Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
- Listing: Frankfurt, Stuttgart, Vienna
Further information is available at the overview page: In Subscription: Reverse Convertible Bonds on Single Shares
For more details kindly see the Product Folder (PDF).
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
This product, the risks as well as terms and conditions associated with it, are subject to and governed by the Base Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority, which has been deposited at Oesterreichische Kontrollbank AG and is published on www.rcb.at/SecuritiesProspectus.
