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With the certificate 1% Dividend Stocks Bond based on the STOXX® Global Select Dividend 100 Price EUR Index investors obtain a fixed interest rate of 1% annually. The certificate addresses security-oriented investors who want to protect themselves from negative price performances through capital protection of 100% at the end of the term.
FUNCTIONALITY
At the initial valuation date (closing price on November 23, 2022) the starting value and at the final valuation date (November 19, 2027) the final value of the underlying are determined. At the final valuation date the closing price of the final value is compared to the starting value and one of the following scenarios will apply:
1) Final value ≥ 100% of the starting value ⇒ Redemption at 128%
If the final value is greater or equal to 100% of the starting value, the certificate will be redeemed at the maturity date at 128% of the nominal value.
2) Final value < 100% of the starting value ⇒ Redemption at 100%
If the final value is below 100% of the starting value, the certificate will be redeemed at the maturity date at 100% of the nominal value.
The fixed interest rate is paid out in any case, regardless of the underlying performance.
The 100% capital protection by Raiffeisen Centrobank AG only applies at the end of the term, i.e. during the term the certificate price may drop below 100%, but the investor obtains at least 100% of the nominal value at the maturity date.
Further information as well as the Key Information Document please find on the