10% Europe Plus Reverse Convertible Bond – available on secondary market

2-year term, fixed interest rate of 10% and a barrier set at 60% of AXA SA, BMW AG and SAP SE – observation only at the end of the term!

The 10% Europe Plus Reverse Convertible Bond combines a fixed annual interest interest payment of 10% with a partial safety mechanism for the invested capital down to the barrier of 60% of the respective share base price (active only at the final valuation date). The fixed interest rate is paid out in any case.

The share basket of the Reverse Convertible Bond consists of threeunderlyings in the financial services sector:

• AXA is a French insurance company offering a wide range of products in different business areas.
• BMW is a German automobile manufacturer, which is mainly active in the premium segment.
• SAP is the largest European software manufacturer and is mainly known for business software.

The certificate is redeemed at 100% of the nominal value at the maturity date (October 2024), provided that the final value of each underlying at the final valuation date quotes above the respective barrier of 60% (observation only at maturity). This also represents the maximum amount.

If the final value of at least one underlying quotes at or below its respective barrier of 60%, physical delivery of shares is effected. In this case, only the underlying with the worst performance (percentage development from the starting value of each share to the closing price on the final valuation day) is delivered.

Further information as well as the Key Information Document please find on the Product Detail Page.

Reverse Convertible Bonds - explained in an easy way

For any additional information you may require do not hesitate to contact us on +43 1 515 20-484.

The Certificates Team of Raiffeisen Centrobank