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With the certificate Europe Bonus&Safety 19 investors can obtain a bonus yield of 10% (based on the issue price) at the end of the term (August 2024), provided that the European stock benchmark EURO STOXX 50® index never declines by 51% or more in relation to its starting value during the observation period. In addition, investors participate 1:1 in price increases of the index above the bonus level of 110% up to the cap of 130% of the initial value.
The barrier of 49% of the index starting value serves as a protective mechanism (corresponds to 51 % safety buffer at the start of the term).
Payout profile:
At the maturity date the Bonus Certificate will be redeemed at the bonus amount of EUR 1,100 per EUR 1,000 nominal value, provided that the EURO STOXX 50® index always quoted above the barrier of 49% during the observation period. If the index quotes above the bonus level of 110 % at maturity, investors participate 1:1 in the performance of the underlying index – limited by the cap of 130 % of the starting value. This amount represents the maximum payout (equals EUR 1,300 per nominal value).
If the barrier was touched or undercut during the observation period, the bonus mechanism is suspended. Redemption at the maturity date is effected according to the performance of the underlying (percentage change from the starting value to the closing price at the final valuation date). Even if the bonus mechanism is suspended, the maximum amount remains limited at EUR 1,300 per nominal value and investors do not participate in price increases of the EURO STOXX 50® indexbeyond the cap.
Further information as well as the Key Information Document please find on Product Page.
Bonus Certificates – explained shortly:
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For any additional information you may require do not hesitate to contact us on +43151520484.
The Structured Products Team of Raiffeisen Centrobank
