5.2% voestalpine/BMW Protect Reverse Convertible Bond – available on secondary market 

28.12.2017 09:35

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

The 5.2% voestalpine/BMW 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 voestalpine AG and BMW AG:

  • The international voestalpine group is a steel-based technology and industrial commodities company headquartered in Linz. The steel group produces and processes high-quality steel products and thereby puts a focus on innovation.
  • BMW AG is a leading German producer of premium passenger cars and motorcycles with well-known brands like BMW, Mini and Rolls-Royce.

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: AT0000A1Z4B4
  • Initial valuation date: Dec 28, 2017
  • Term: 2 year (maturity date: Dec 30, 2019)
  • Listing: Vienna, Frankfurt, Stuttgart

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).