Express Certificate Mercedes-Benz Express 7

Bid101.04%
Oct 31, 2024 18:59:59.855 UTC
Ask102.54%
Oct 31, 2024 18:59:59.855 UTC
chg. 1D-0.730 (-0.71%)
Oct 31, 2024 18:59:59.855 UTC
Underlying price (indicative) 55.78 (-0.52%)
Oct 31, 2024 20:59:30.000 UTC
Starting value64.18 Next redemption level57.76 Max. yield p.a. until next observation date15.82%

Name
Mercedes-Benz Express 7
ISIN / WKN
AT0000A36X10 / RC1A0T
Underlying price (indicative)
EUR 55.78 (-0.52%)
Oct 31, 2024 20:59:30.000
Starting value
EUR 64.18
Barrier
EUR 38.51
Distance to barrier
30.96%
Observation barrier
on the final valuation date
(early) redemption level
64.18 / 57.76 / 51.34 / 44.93 / 38.51
Distance to next termination level
-3.56%
(early) redemption amount
109.00% / 118.00% / 127.00% / 136.00% / 145.00%
Max. yield until next observation date
15.08%
Max. yield p.a. until next observation date
15.82%
No. of shares
15.58118
About the term

Initial valuation date
Oct 18, 2023
Issue date
Oct 19, 2023
Valuation dates
Oct 17, 2024 / Oct 16, 2025 / Oct 15, 2026 / Oct 15, 2027 / Oct 16, 2028
Final valuation date
Oct 16, 2028
Maturity date
Oct 19, 2028
Please take note of the Disclaimer in the Product Folder and/or the Factsheet.

Product classification
Investment Product without Capital Protection
Security type (Eusipa No.)
Express Certificate (1260)
Express Certificate Type
New Level Express Certificate
Country / region of underlying
Germany
Suited market expectation
sideways, bullish
Spread homogenised
0.96
Spread (in %)
1.48%
Multiplier
-
Product currency
EUR
Underlying currency
EUR
Settlement method
Cash settlement / Physical delivery
Taxation
Capital Gains Tax / no Foreign Capital Gains Tax
Public offer possible in
Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Bulgaria, Croatia, Romania, Slovenia
Listing
Vienna, Stuttgart
Past performance is no reliable indicator of future results. Less than five years have passed since the launch of this certificate.
Description

The certificate Mercedes-Benz Express 7 offers an annual opportunity for early redemption, enabling investors to obtain a yield of 9% per year if the share of Mercedes-Benz AG quotes on one of the annual valuation days at or above the annually declining termination level. If the share quotes below the starting value, the term extends by another year - up to a maximum of five years. In the event of a barrier violation (60 % of the starting value) at the final valuation date, the investor is entirely subject to market risk and physical delivery of Mercedes-Benz shares is effected.

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INFORMATION

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