Sound returns in a low interest rate environment, comfortable partial protection against falling share prices and a short term are the most important criteria for investors when choosing an investment. These features are all included in the new 6.75% Austrian Shares Bonus 2 Certificate. This investment product without capital protection pays out fixed interest of 6.75% annually with a conditional safety mechanism until the barrier. During the two-year term, the interest amount is paid out, regardless of how the three underlying shares perform. The risk buffer (distance to the barrier) is set at 45% at the beginning of the term.
The certificate is redeemed at 100% nominal value at the maturity date (June 2016), provided that the share price of Erste Group Bank AG, OMV AG AND voestalpine AG always quote above 55% of the respective share’s starting value (= closing price on June 26, 2014) during the observation period. In case the barrier of the Bonus Certificate is touched or undercut by at least one of the underlying shares, redemption at the maturity date is effected according to the underlying which performs “worst of“ (percentage performance from the starting value to the closing price at the final valuation date). Even if the barrier is touched or undercut investors do not participate in price gains above the starting values.
Key Facts:
- ISIN: AT0000A186G6
- Initial valuation date: Jun 26, 2014
- Term: 2 years (maturity date: Jun 27, 2016)
- Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
- Listing: Vienna, Frankfurt, Stuttgart
Further information is available at the product page: 6.75% Austrian Shares Bonus 2
For more details kindly see the Product Folder (PDF).
This product, the risks and terms and conditions associated with it, are subject to and governed by the Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority, which has been deposited at Oesterreichische Kontrollbank AG and is published on www.rcb.at/SecuritiesProspectus.
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
