The BMW Express 2 certificate provides the opportunity for early redemption and enables investors to obtain a profit of 5% per year (maximum 25%).
The certificate has a maximum term of 5 years (November 2022). It is redeemed prior to the maturity date, if the closing price of the share of BMW AG quotes at or above the annually declining termination level (100% in the first year, 90% in the second year, 80% in the third etc.) at one of the annual valuation dates.
If the share closing price quotes below the respective termination level at the fixed date the term extends by another year to the next annual valuation date and the possible yield rises by 5%. At the same time the termination level decreases by 10% each year. In the fifth and final year the termination level equals 60% (equal to the barrier) and the termination price is 125%. If the closing price of the share undercuts the barrier at the final valuation date, the investor receives no yield and the predefined amount of BMW shares is delivered.
This certificates complies with RCB¿s sustainability standards. For further information please click here RCB's sustainability standards (PDF)