Protect Reverse Convertible Bonds provide for a fixed interest rate, a predefined term as well as fixed strike. These parameters remain unchanged during the term. The interest rate, which is significantly above the market level represents an attractive return for the investor.
Payout Profile:
The fixed interest amount is paid out at the end of the term in any case, regardless of the performance of the underlying share. The redemption of the nominal value at the end of the term depends on the performance of the respective underlying:
As long as the respective underlying always quotes above the initial barrier of 75%, the Reverse Convertible Bond is automatically redeemed at 100% of the nominal value at the maturity date. In case the closing price of the underlying share quotes above the strike at the final valuation date the Reverse Convertible Bond will also be redeemed at 100% of its nominal value.
If the barrier was touched or undercut AND the share‘s closing price quotes below the strike at the final valuation date, the predefined amount of shares per nominal value is delivered (physical delivery).
The six offered Reverse Convertible Bonds are based on one of the following companies (one share per certificate):
| adidas AG | AT0000A287F4 | 9.50% |
| Erste Group Bank AG | AT0000A287C1 | 10.50% |
| OMV AG | AT0000A287B3 | 8.00% |
| Raiffeisen Bank International AG | AT0000A287D9 | 11.00% |
| RWE AG | AT0000A287G2 | 10.00% |
| voestalpine AG | AT0000A287E7 | 10.10% |
Further information as well as the Key Information Document please find on Product Page.
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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
