Reverse Convertible Bond 5,20% Erste Group/Bayer Protect Aktienanleihe The product related information contained herein is exclusively for information purposes only, intended for current investors or in case these products are displayed further to an individual search. The information does not constitute a recommendation or an offer to buy or an invitation to make a respective offer in relation to any of the products described herein.
chg. 1D-0.140 (-0.19%) Bid72.15% Ask73.65% Last updateNov 11, 2019
16:35:53.000
UTC
Barrier- StrikeEUR 100.00 Max. return p.a.>100% Interest rate p.a.5.20%
Name
Reverse Convertible Bond on 5,20% Erste Group/Bayer Protect Aktienanleihe Basiswert
ISIN / WKN
AT0000A1Z4A6 / RC0NXW
Max. return remaining term (%)
42.84%
Max. return p.a.
>100%
Interest rate total term
-
Interest rate p.a.
5.20%
Underlying price (delayed)
-
Starting value
EUR 100.00
Strike
EUR 100.00
Distance to strike
-45.73%
Distance to barrier
-
Barrier reached
yes (Barrier: EUR 59.00)
No. of shares
-
Tradeable unit/nominal value
EUR 1,000
Paid interest rate
5.20% on Dec 28, 2018
About the term
Initial valuation date
Dec 28, 2017
Issue date
Dec 29, 2017
Final valuation date
Dec 20, 2019
Maturity date
Dec 30, 2019
Product classification
Investment Product without Capital Protection
Security type (Eusipa No.)
Reverse Convertible Bond (1230)
Reverse Convertible Bond Type
Protect Reverse Convertible Bond
Country / region of underlying
-
Suited market expectation
sideways, bullish
Observation barrier
Closing Price
Issue price
100.00%
Spread homogenised
1.50
Spread (in %)
2.08%
Multiplier
-
Product currency
EUR
Underlying currency
EUR
Settlement method
Cash settlement / Physical delivery
Taxation
Capital Gains Tax / Foreign Capital Gains Tax
Public offer in
Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Croatia, Romania, Slovenia
Listing
Vienna, Frankfurt, Stuttgart
Description

The 5.2% Erste Group / Bayer Protect Reverse Convertible Bond is redeemed at 100% nominal value at the maturity date (December 2019), provided that, during the observation period, the closing price of each of the two underlying shares (Erste Group Bank AG, Bayer AG) always quoted above the barrier of 59% (daily observation). The interest amount of 5,2% is paid out annually, regardless of the performance of the underlying shares.

In case the barrier is touched or undercut by at least one of the two underlying shares, but both underlying shares quote at or above their strike at the final valuation date, the product is redeemed at 100% nominal value.

In case the barrier is touched or undercut by at least one of the underlying shares and at least one of the underlying shares quotes below its strike at the final vauation date, the predefined amount of the worst performing share (percentage performance from the strike to the closing price at the final valuation date) will be delivered. Even if the barrier is touched or undercut, investors do not participate in price increases of the underlyings beyond the strike.

The barrier has been touched by Bayer AG on Dec. 27, 2018

TRADING HOURS
Products on Austrian underlyings9:15 am - 5:30 pm

Products on underlyings of CEE, Eastern Europe and Turkey

 

 - Turkey, Czech Republic9:00 am - 4:00 pm
 - Russia, Croatia, Ukraine, Kazakhstan9:15 am - 4:30 pm
 - Poland, Hungary, Romania, CEE und Eastern Europe9:15 am - 4:50 pm
  
Products on other international underlyings and comm.
(incl. Germany and Switzerland)
9:00 am - 8:00 pm
INFORMATION

Monday - Friday
8:00 am to 5:30 pm


T: +43151520484
F: +431 513 43 96
E: produkte(at)rcb.at