Reverse Convertible Bond 6,6% Bayern 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-0.750 (-0.82%) Bid90.23% Ask91.73% Last updateSep 18, 2020
15:26:45.076
UTC
Barrier- StrikeEUR 100.00 Max. return p.a.86.48% Interest rate p.a.6.60%

Name
Reverse Convertible Bond on 6,6% Bayern Protect Aktienanleihe Basiswert
ISIN / WKN
AT0000A249L2 / RC0SC2
Max. return remaining term (%)
16.21%
Max. return p.a.
86.48%
Interest rate total term
-
Fixed interest rate annually
6.60%
Underlying price (delayed)
-
Starting value
EUR 100.00
Strike
EUR 100.00
Barrier
-
Distance to strike
-16.38%
Distance to barrier
-
Barrier reached
yes (Barrier: EUR 59.00)
No. of shares
-
Tradeable unit/nominal value
EUR 1,000
Paid interest rate
6.60% on Dec 16, 2019
About the term

Initial valuation date
Dec 13, 2018
Issue date
Dec 14, 2018
Final valuation date
Dec 10, 2020
Maturity date
Dec 15, 2020

Product classification
Investment Product without Capital Protection
Security type (Eusipa No.)
Reverse Convertible Bond (1230)
Reverse Convertible Bond Type
Barrier Reverse Convertible Bonds
Country / region of underlying
-
Suited market expectation
sideways, bullish
Observation barrier
Closing Price
Issue price
100.00%
Spread homogenised
1.50
Spread (in %)
1.66%
Product currency
EUR
Underlying currency
EUR
Settlement method
Cash settlement / Physical delivery
Taxation
Capital Gains Tax / Foreign Capital Gains Tax
Public offer possible in
Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Bulgaria, Croatia, Romania, Slovenia
Listing
Vienna, Frankfurt, Stuttgart
Description

The 6.6% Bavaria Protect Reverse Convertible Bond offers a fixed annual interest rate of 6.6% and is redeemed at 100% of the nominal value at the maturity date (December 2020), provided that the price of each of the three underlying shares (BMW, Linde Plc, Siemens) always quoted above the respective barrier of 59% during the observation period (daily observation of the closing price).

In case the barrier is touched or undercut by at least one of the underlying shares and all of the underlying shares quote at or above their respective strike at the final valuation date, the product is also redeemed at 100% of the 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 valuation date, the predefined amount of the worst performing share (percentage performance from the starting value 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 underlying shares beyond the starting value.

The barrier has been touched by BMW AG on March 16, 2020

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 and Eastern Europe9:15 am - 4:50 pm
  
Products on other international underlyings and commodities
(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