The Capital Protection Certificate Sustainability Bond 104% IV offers a redemption of 119% at end of term if the index quotes at or above its starting value. If the index falls below the starting value, the capital protection of 104% takes affect.

The clear payout profile at maturity is already fixed when the certificate is issued. It is suitable for investors who (at least) expect the index to move sideways.

The underlying asset is the MSCI Europe Top ESG Select 4.5% Decrement Index This index includes 100 European stocks with the highest ESG scoring. The index methodology (PDF) and further information on the index can be found on the website of the index provider MSCI® by selecting the index in the drop-down menu.

This certificate complies with the sustainability standard for Raiffeisen Certificates and takes into account important adverse impacts on sustainability factors ("PAIs").