Express Certificate voestalpine Express 4 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-1.190 (-2.03%) Bid56.59% Ask58.09% Last updateNov 21, 2019
16:36:34.598
UTC
Underlying price (delayed) 23.30 (-1.77%) Starting value44.69 Next redemption level44.69 Max. yield p.a. until next observation date>100%
Name
voestalpine Express 4
ISIN / WKN
AT0000A202B2 / RC0PNE
Underlying
Underlying price (delayed)
EUR 23.30 (-1.77%)
Nov 21, 2019 16:35:03.000
Starting value
EUR 44.69
Barrier
EUR 26.37
Distance to barrier
-
Observation barrier
Mar 13, 2023
(early) redemption level
44.69 / 44.69 / 44.69 / 44.69 / 44.69
Distance to next termination level
-91.80%
(early) redemption amount
107.25% / 114.50% / 121.75% / 129.00% / 136.25%
Max. yield until next observation date
97.11%
Max. yield p.a. until next observation date
>100%
Tradeable unit/nominal value
EUR 1,000
About the term
Initial valuation date
Mar 14, 2018
Issue date
Mar 15, 2018
Valuation dates
Mar 13, 2019 / Mar 12, 2020 / Mar 11, 2021 / Mar 11, 2022 / Mar 13, 2023
Final valuation date
Mar 13, 2023
Maturity date
Mar 16, 2023
Product classification
Investment Product without Capital Protection
Security type (Eusipa No.)
Express Certificate (1260)
Express Certificate Type
Express Certificate
Underlying
Country / region of underlying
Austria
Suited market expectation
sideways, bullish
Spread homogenised
0.67
Spread (in %)
2.65%
Multiplier
-
Product currency
EUR
Underlying currency
EUR
Settlement method
Cash settlement / Physical delivery
Taxation
Capital Gains Tax / no Foreign Capital Gains Tax
Public offer in
Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Croatia, Romania, Slovenia
Listing
Vienna, Frankfurt, Stuttgart
Description

The voestalpine Express 4 certificate provides the annual opportunity for early redemption and enables investors to obtain a profit of 7.25% per year (maximum 36.25%).

The certificate has a maximum term of 5 years (until March 2023). It is redeemed prior to the maturity date, if the closing price of the share of voestalpine AG quotes at or above the termination level (equals the starting value of 100%) at one of the annual valuation dates.

If the share closing price quotes below the termination level at the fixed annual date the term extends by another year to the next annual valuation date and the possible yield rises by 7.25%. In the fifth and final year the termination price is 136.25%. If the closing price of the share touches or undercuts the barrier of 59% at the final valuation date, the investor receives no yield and the predefined amount of voestalpine shares is delivered.

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