5.2% Erste Group/Bayer Protect Reverse Convertible Bond – subscribe until Dec 27, 2017 

05.12.2017 09:05

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2 year term, fixed interest rate of 5.2% and a barrier at 59% of each share

The 5.2% Erste Group/Bayer Protect Reverse Convertible Bond combines a fixed interest rate of 5.2% with a partial safety mechanism for the invested capital down to the barrier. The interest amount is paid out annually, regardless of the performance of the two underlying shares. The share basket comprises the two well-established blue chips Erste Group Bank AG and Bayer AG:

  • Erste Group Bank AG is one of the biggest banking groups in Austria. The universal bank with focus on servicing private clients is mainly active in Central- and Eastern Europe.
  • The life science group Bayer AG operates in the chemical and pharmaceutical industry. The company‘s core competencies lie in the fields of health care and agriculture.

Redemption at the end of the term:

The certificate is redeemed at 100% of the nominal value at the maturity date (December 2019), provided that the closing prices of each of the two underlying shares always quotes above the respective barrier of 59% during the observation period (daily observation).

In case the barrier is touched or undercut by at least one of the underlying shares and at least one of the two shares quotes below its strike (= closing price of the respective share at the initial valuation date) at the end of the term physical delivery applies. This means the predefined amount of the worst performing share is delivered (percentage performance from the starting value to the closing price at the final valuation date).

Key Facts:

  • ISIN: AT0000A1Z4A6
  • Subscription: Dec 5 – Dec 27, 2017
  • Initial valuation date: Dec 28, 2017
  • Term: 2 year (maturity date: Dec 30, 2019)
  • Listing: Vienna, Frankfurt, Stuttgart

The issue price amounts to 100 % (nominal value EUR 1,000) + up to 1.5% issue surcharge within the subscription period.

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

The Team Structured Products of Raiffeisen Centrobank



The product described herein is subject to and governed by the Base Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority. The Base Prospectus is deposited at Oesterreichische Kontrollbank AG, published on www.rcb.at/SecuritiesProspectus and contains the risks and Terms and Conditions of the product.

Raiffeisen Centrobank AG is subject to supervision by the FMA and the Oesterreichische Nationalbank as well as the ECB, the latter within the Single Supervisory Mechanism (Council Regulation (EU) No 1024/2013).