The BMW Express 2 certificate connects the opportunity to generate attractive yield with the possibility for an early redemption. The share of the globally operating automotive BMW AG serves as underlying for the investment product without capital protection. The Express Certificate offers an attractive profit opportunity for those investors who expect this German blue chip to quote at or above the annually declining termination level (termination levels see table below) in the upcoming five years.
TERM:
The certificate has a minimum term of1year and a maximum term of 5 years. If the closing price of the BMW-share quotes at or above its respective termination level at one of the annual valuation dates, (early) redemption is effected according to the predefined termination price.
YIELD OPPORTUNITY:
The longer the term is, the higher is the termination price and the lower is the termination level. If the share quotes below its termination level at the respective annual valuation date, the term extends by another year, the potential termination price rises by 5% and the annual terminal level declines by 10 percentage points.
| 1st year Termination level: 100% (=starting value) | Termination price: 105% of the nominal value |
| 2nd year Termination level: 90% | Termination price: 110% of the nominal value |
| 3rd year Termination level: 80% | Termination price: 115% of the nominal value |
| 4th year Termination level: 70% | Termination price: 120% of the nominal value |
| 5th year Termination level: 60% (=barrier) | Termination price: 125% of the nominal value |
In case no early redemption was effected from the first to the fourth year and if the underlying quotes below the termination level of 60% (equal to the barrier) at the fifth and final valuation date, physical delivery of the share is effected. This means that the investor receives shares of BMW AG in the predefined amount (nominal value/starting value). The difference to the integral number is paid out in cash.
Key Facts:
- ISIN: AT0000A1Y950
- Initial valuation date: Oct 30, 2017
- Term: min. 1 year, max. 5 years
- Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
- Listing: Vienna, Stuttgart, Frankfurt
For any additional information you may require do not hesitate to contact us on +43151520484.
The Structured Products Team of Raiffeisen Centrobank
The product described herein is subject to and governed by the Base Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority. The Base Prospectus is deposited at Oesterreichische Kontrollbank AG, published on www.rcb.at/SecuritiesProspectus and contains the risks and Terms and Conditions of the product.
Raiffeisen Centrobank AG is subject to supervision by the FMA and the Oesterreichische Nationalbank as well as the ECB, the latter within the Single Supervisory Mechanism (Council Regulation (EU) No 1024/2013).
