Express Certificate AXA Express 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.
Issue price100.00% Redemption price106.50% Issue dateOct 17, 2018 Maturity dateOct 18, 2023
Name
AXA Express
ISIN / WKN
AT0000A23GB2 / RC0RZS
Underlying
Underlying price (delayed)
EUR 25.28 (-0.41%)
Nov 11, 2019 16:37:32.470
Starting value
EUR 22.52
Barrier
EUR 13.51
Distance to barrier
46.55%
Observation barrier
Oct 13, 2023
Termination level
22.52 / 20.26 / 18.01 / 15.76 / 13.51
Distance to next termination level
19.83%
Termination price
106.50% / 113.00% / 119.50% / 126.00% / 132.50%
Max. yield until next observation date
-
Max. yield p.a. until next observation date
-
Tradeable unit/nominal value
EUR 1,000
About the term
Initial valuation date
Oct 16, 2018
Issue date
Oct 17, 2018
Valuation dates
Oct 15, 2019 / Oct 15, 2020 / Oct 14, 2021 / Oct 13, 2022 / Oct 13, 2023
Final valuation date
Oct 13, 2023
Maturity date
Oct 18, 2023
Product classification
Investment Product without Capital Protection
Security type (Eusipa No.)
Express Certificate (1260)
Express Certificate Type
New Level Express Certificate
Underlying
Country / region of underlying
France
Suited market expectation
sideways, bullish
Spread homogenised
-
Spread (in %)
-
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, Bulgaria, Croatia, Romania, Slovenia
Listing
Vienna, Frankfurt, Stuttgart
Description

The certificate AXA Express provides the opportunity for early redemption and enables investors to obtain a profit of 6.5% per year (maximum 32.5%).

The certificate has a maximum term of 5 years (October 2023). It is redeemed prior to the maturity date, if the closing price of the AXA share closes 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's 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%of the nominal value. At the same time the termination level decreases by 10 percentage points each year. In the fifth and final year the termination level equals 60% (equal to the barrier) and the termination price is 132.5%. If the closing price of the share undercuts the barrier of 60 % at the final valuation date, the investor receives no yield and the predefined amount of AXA 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