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.
This certificates complies with RCB¿s sustainability standards. For further information please click here RCB's sustainability standards (PDF)