Reverse Convertible Bond voestalpine AG

Bid101.61%
Apr 29, 2024 15:30:00.656 UTC
Ask102.10%
Apr 29, 2024 15:30:00.656 UTC
chg. 1D+0.420 (+0.41%)
Apr 29, 2024 15:30:00.656 UTC
Underlying price (indicative) 25.72 (+1.50%)
Apr 29, 2024 19:59:50.000 UTC
BarrierEUR 22.00 StrikeEUR 30.00 Max. yield p.a.12.26% Interest rate p.a.5.28%

Name
Reverse Convertible Bond on voestalpine AG
ISIN / WKN
AT0000A35334 / RC09W6
Underlying
Max. yield remaining term (%)
4.80%
Max. yield p.a.
12.26%
Interest rate total term
7.00%
Fixed interest rate annually
5.28%
Underlying price (indicative)
EUR 25.72 (+1.50%)
Apr 29, 2024 19:59:50.000
Starting value
EUR 29.72
Strike
EUR 30.00
Barrier
EUR 22.00
Distance to strike
-16.64%
Distance to barrier
14.46%
Barrier reached
no
No. of shares
33.33333
Tradeable unit/nominal value
EUR 1,000
About the term

Initial valuation date
May 29, 2023
Issue date
May 30, 2023
Final valuation date
Sep 20, 2024
Maturity date
Sep 25, 2024

Product classification
Investment Product without Capital Protection
Security type (Eusipa No.)
Reverse Convertible Bond (1230)
Reverse Convertible Bond Type
Barrier Reverse Convertible Bonds
Underlying
Country / region of underlying
Austria
Suited market expectation
sideways, bullish
Observation barrier
on the final valuation date
Issue price
100.00%
Spread homogenised
0.01
Spread (in %)
0.48%
Product currency
EUR
Underlying currency
EUR
Settlement method
Cash settlement / Physical delivery
Taxation
Capital Gains Tax / Foreign Capital Gains Tax
Public offer possible in
Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Bulgaria, Croatia, Romania, Slovenia
Listing
Vienna, Stuttgart
Description

Reverse Convertible Bonds with a barrier have a fixed interest rate above the market level. The interest amount is paid out regardless of the performance of the underlying. Reverse Convertible Bonds with a barrier have a barrier which is set below the strike and is observed on a continuous basis. Redemption at the end of the term depends on the performance of the underlying. If the underlying, during the term, always quotes above the barrier, the Reverse Convertible Bond is redeemed at 100% of the nominal value.

In case the barrier is touched or undercut AND, at the final valuation date, the closing price is below the strike, the investor obtains shares per nominal value in the amount predefined at the issue date. The difference to the integral number is paid out.

TRADING HOURS

Products on Austrian underlyings

9:15 - 5:30 pm

Products on underlyings of CEE, Eastern Europe and Turkey

 

- Turkey, Czech Republic9:00 - 4:00 pm

- Poland, Hungary, Romania, CEE and Eastern Europe

9:15 - 4:50 pm

Products on other international underlyings and commodities
(incl. Germany and Switzerland)

9:00 - 8:00 pm
INFORMATION

Monday - Friday
8:00 am to 5:30 pm

T: +431717075454
E: info(at)raiffeisencertificates.com