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The Tesla Express certificate connects the opportunity to generate attractive yield with the possibility for an early redemption. The share of the US-american electromobile producer Tesla Inc. serves as underlying for the investment product without capital protection. The Express Certificate offers an attractive profit opportunity for those investors who expect this share 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 of 1 year and a maximum term of 5 years. If the closing price of the Telsa Inc. 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 16.5% and the annual terminal level declines by 10 percentage points.
1st year Termination level: 100% of starting value | Termination price: 116.5% of the nominal value | |
2nd year Termination level: 90% of starting value | Termination price: 133.0% of the nominal value | |
3rd year Termination level: 80% of starting value | Termination price: 149.5% of the nominal value | |
4th year Termination level: 70% of starting value | Termination price: 166.0% of the nominal value | |
5th year Termination level: 60% of starting value | Termination price: 182.5% 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 Tesla Inc. in the predefined amount(nominal value/starting value). The difference to the integral number is paid out in cash.
Further information as well as the Key Information Document please refer to the product page.
Express Certificates – explained shortly:
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For any additional information you may require do not hesitate to contact us on +43 1 515 20-484.
The Team Structured Products of Raiffeisen Centrobank