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.
Issuer changeEffective as of 1 December 2022 Raiffeisen Centrobank AG has transferred its certificates business to Raiffeisen Bank International AG including (i) all associated rights and obligations, and (ii) the legal position as issuer of (a) existing securities, i.e. outstanding securities issued by Raiffeisen Centrobank AG, and (b) new securities to be issued. Therefore, as of 1 December 2022, Raiffeisen Bank International AG constitutes the issuer of and the debtor under the securities referred to in the final terms to be opened (including all securities issued prior to such date).
Please be aware that these final terms reflect the legal situation at the date of their creation and do not contain any updated information about the issuer. Thus, although these final terms indicate that the issuer of the securities is Raiffeisen Centrobank AG, in fact Raiffeisen Bank International AG is the issuer. Accordingly, investors who hold these securities have (payment) claims against Raiffeisen Bank International AG.
These final terms (i) do not constitute a recommendation or an offer to buy or an invitation to make a respective offer in relation to the securities they refer to, (ii) are provided solely for information purposes, and (iii) may particularly not be used in relation to any public offer of these securities.
The information and materials regarding issuances and debt issuance programmes of Raiffeisen Bank International AG (RBI) provided on this or the following webpage(s) is provided solely for information purposes and constitutes neither an offer of any security or other financial instrument (all securities and other financial instruments, a “security” or “securities”) nor a solicitation of an offer to purchase any security and must not be considered as financial analysis or any other form of recommendation.
Public offers of securities which are based on a prospectus published on this or the following webpage(s) are made by RBI exclusively to persons who are residents of one of the states listed (i) on the relevant product page in the “Public offer possible in” section or (ii) in the final terms as “Public Offer Jurisdictions”. Persons who are not resident in such jurisdictions are excluded from public offers of the securities and are not targeted.
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