The Express Certificate provides investors with the opportuntiy to both generate attractive yield and to have the certificate redeemed prior to the maturity date.
UNDERLYING:
- The STOXX Global Select Dividend 100® index serves as underlying. For investors who expect the stock benchmark, which comprises the dividend strongest companies worldwide, to quote at or above the current level in the forthcoming years the Dividend Stocks Express Certificate offers an attractive yield opportunity.
TERM:
- The certificate has a term of at least one and not more than five years. Provided that, at the annual valuation date, the closing price of the STOXX Global Select Dividend 100® quotes at or above the termination level, (early) redemption is effected analogue to the pre-defined termination price.
YIELD OPPORTUNITY:
- The longer the term, the higher the payout. If, at the annual valuation date, the index quotes below the starting value, the term extends by another year and the potential annual termination price rises by 6.5 percentage points.
In case no early redemption was effected neither in the first, second, third nor fourth year, and provided that the underlying quotes below the termination level at the fifth and final valuation date, an additional safety mechanism applies: in case the closing price of the index quotes above the barrier of 60%, redemption is effected at 100%. In this case investors will not generate profit and the nominal value of EUR 1,000 will be redeemed.
Should the index price quote at or below the barrier, redemption is effected 1:1 analogue to the index performance (percentage performance from the index‘ starting value to the closing price at the final valuation date.
Key Facts:
- ISIN: AT0000A192E9
- Initial valuation date: Aug 28, 2014
- Term: min. 1 year, max. 5 years (maturity date: Aug 29, 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: Dividend Stocks Express
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
