With the certificate Best Entry Banks Bonus&Safety investors can obtain a bonus yield of 25% (based on the issue price) at the end of the term (October 2024) if the price of the EURO STOXX 50® index never declines by 55% or more of its starting value (best entry fixing) during the observation period. Due to the cap this represents the maximum amount.
If the underlying touches or undercuts the barrier of 45% of the starting value, redemption will be effected according to the performance of the index (percent performance from the starting value to the closing price at the final valuation date). Even if the bonus mechanism is suspended, investors can generate a maximum yield of 25% over five years term.
During the best entry period (March 29, 2019 - September 27, 2019) the closing price of the EURO STOXX® Banks index is observed and the lowest index closing price during this period is fixed as the starting value.