Express Certificate Porsche Express 2 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+0.110 (+0.10%) Bid105.79% Ask107.29% Last updateDec 11, 2019
17:10:21.519
UTC
Underlying price (delayed) 66.83 (+1.09%) Starting value59 Next redemption level59.00 Max. yield p.a. until next observation date2.17%
Name
Porsche Express 2
ISIN / WKN
AT0000A29964 / RC0UZ9
Underlying price (delayed)
EUR 66.83 (+1.09%)
Dec 11, 2019 16:55:13.493
Starting value
EUR 59.00
Barrier
EUR 29.50
Distance to barrier
55.86%
Observation barrier
Sep 23, 2024
(early) redemption level
59.00 / 59.00 / 59.00 / 59.00 / 59.00
Distance to next termination level
11.72%
(early) redemption amount
109.11% / 118.22% / 127.33% / 136.44% / 145.55%
Max. yield until next observation date
1.70%
Max. yield p.a. until next observation date
2.17%
Tradeable unit/nominal value
EUR 1,000
About the term
Initial valuation date
Sep 24, 2019
Issue date
Sep 25, 2019
Valuation dates
Sep 23, 2020 / Sep 23, 2021 / Sep 22, 2022 / Sep 21, 2023 / Sep 23, 2024
Final valuation date
Sep 23, 2024
Maturity date
Sep 26, 2024
Product classification
Investment Product without Capital Protection
Security type (Eusipa No.)
Express Certificate (1260)
Express Certificate Type
Express Certificate
Country / region of underlying
Germany
Suited market expectation
sideways, bullish
Spread homogenised
0.88
Spread (in %)
1.42%
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 Porsche Express 2 certificate provides the annual opportunity for early redemption and enables investors to obtain a profit of 9.11% per year (maximum 45.55%).

The certificate has a maximum term of 5 years (until September 2024). It is redeemed prior to the maturity date, if the closing price of the share of Porsche Automobil Holding SE 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 9.11%. In the fifth and final year the termination price is 145.55%. If the closing price of the share touches or undercuts the barrier of 50% at the final valuation date, the investor receives no yield and the predefined amount of Porsche Automobil Holding SE 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