USD 7.5% USA Plus+ Protect Reverse Convertible Bond - available on secondary market

2 year term, fixed annual interest rate of 7.5% and a barrier being set at 59% of Apple Inc., AT & T Inc. and Microsoft Corp.

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The 7.5% USA Plus+ Protect Reverse Convertible Bond combines two fixed interest payments of 7.5% with a partial safety mechanism for the invested capital down to the barrier the barrier of 59%. The interest amount is paid out annually, regardless of the performance of the three underlying shares (Apple Inc., AT & T Inc. and Microsoft Corp.).

The share basket of the Protect Reverse Convertible Bond consists of three heavyweights of the US-American economy:

• California-based multinational technology group Apple Inc. is active in hardware and soft­ware development and is known for products such as the iPhone or iPad.

• The Texas-based AT & T Inc. is the largest telecommunications company in the world and the leading mobile and fixed line operator in the United States.

• The international software and hardware manufacturer Microsoft Corp. based in Washington is best known for its Windows operating system and its Office software suite

The certificate is redeemed at 100% of the nominal value at the maturity date (October 2021), provided that the closing price of each share quote above the respective barrier of 59% on final valuation date.

If the barrier of 59% of the respective strike is touched or undercut by the closing price of one or more of the shares (Apple Inc., AT&T Inc., Microsoft Corp.) at the final valuation date, the investor receives the worst performing share (percentage change from strike to closing price at the final valuation date) in the amount predefined at the issue date.

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

Reverse Convertible Bonds - explained in an easy way

For any additional information you may require do not hesitate to contact us on +43151520484.

The Structured Products Team of Raiffeisen Centrobank