The new Europe Express 7 Certificate connects the opportunity to generate an attractive yield with the possibility for an early redemption.
UNDERLYING:
The EURO STOXX 50®index serves as underlying for the investment product without capital protection. The Express Certificate offers an attractive profit opportunity for those investors who expect the index of the 50 largest companies in the Eurozone to quote at or above its current level in the forthcoming years.
TERM:
The certificate has a minimum term of1year and a maximum term of 5 years. If the closing price of the EURO STOXX 50® index quotes at or above its termination level (equal to the index closing price at the initial valuation date) at one of the annual valuation dates, (early) redemption is effected analogue to the predefined termination price.
YIELD OPPORTUNITY:
If the index quotes below its termination level at the respective annual valuation date, the term extends by another year and the potential annual termination price increases by 6% to a maximum of 30%. This means, the longer the term is, the higher is the termination price (between 106% and 130% 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 at the fifth and final valuation date, an additional safety mechanism applies: in case the closing price of the index quotes above the barrier of 59% at the final valuation date, redemption is effected at 100% of the nominal value. Then investors will not generate profit and the nominal value of EUR 1,000 will be redeemed.
If the barrier is touched or undercut at the final valuation date, redemption is effected analogue to the index performance (percentage performance from the index starting value to the closing price at the final valuation date).
Key Facts:
- ISIN: AT0000A1VG84
- Initial valuation date: May 11, 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
Further information may be obtained from the consultant at your local bank or through our product hotline: +43151520484.
The Team Structured Products 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).
