The USD 4% S&P 500® Bonus&Safety Certificate combines fixed interest rates of 4.0% annually with a partial protection for the invested capital. The fixed annual interest rate is paid out in each of the five years, regardless of the performance of the S&P 500® index. Redemption of the nominal value at the end of the term depends on the performance of the underlying: the distance to the barrier (safety buffer) comes up to 70% at the beginning of the term.
Payout profile:
At the maturity date (April 2020) the certificate is redeemed at 100% provided that, during the observation period, the underlying index always quotes above the barrier of 30% of its starting value.
In case the barrier is touched or undercut, redemption at the maturity date is effected according to the performance of the S&P 500® index (percentage performance from the starting value to the closing price at the final valuation date). Even if the barrier is touched or undercut investors do not participate in price increases of the index beyond the starting value.
Key Facts:
- ISIN: AT0000A1DK31
- Initial Valuation Date: Apr 20, 2015
- Term: 5 years (maturity date: Apr 21, 2020)
- Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
- Listing: Frankfurt
Further information is available at the product page: USD 4% S&P 500® Bonus&Safety
For more details kindly see the Product Folder (PDF).
This product, the risks and terms and conditions associated with it, are subject to and governed by the 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 SecuritiesProspectus.
For any additional information you may require do not hesitate to contact us on +43 (0)1 515 20-484.
The Team “Structured Products” of Raiffeisen Centrobank
