With the Bonus Certificate Europe Bonus&Growth Infrastructure and Stability you participate 100% in the performance of the underlying MSCI® Europe Infrastructure, Aerospace & Defense Select 4.5% Decrement Index at maturity with no profit limit. As long as the barrier of 55% of the starting value is not breached during the term, the redemption will be at least 125% of the nominal value. If the barrier is violated, investors are exposed to the market risk on a one-to-one basis. This means that a significant loss of capital is possible in this case.

The payout profile at the end of term is already fixed when the certificate is issued. It is suitable for investors who expect slightly falling/sideways running indices.

The underlying asset is the MSCI® Europe Infrastructure, Aerospace & Defense Select 4.5% Decrement Index. This index includes 50 European stocks from the infrastructure, aerospace, and defence sectors. Further information on the index can be found on the website of the index provider MSCI® by selecting the index in the drop-down menu.