The new Oil & Gas Index Express Certificate 2 combines the opportunity to generate an attractive yield with the possibility for early redemption.
UNDERLYING:
The STOXX® Europe 600 Oil & Gasindex serves as underlying for the investment product without capital protection. This index consists of the biggest oil and gas companies in Europe and mirrors their performance. The Express Certificate offers an interesting profit opportunity for those investors who expect the oil and gas stock index to quote at or above its current level in the forthcoming years.
TERM:
The certificate has a minimum term of1year and a maximum term of 5 years. If the closing price of the STOXX® Europe 600 Oil & Gas index quotes at or above its termination level (equal to the index closing price at the initial valuation date) at one of the annual observation dates, (early) redemption is effected analogue to the pre-defined termination price.
YIELD OPPORTUNITY:
If the index quotes below its termination level at the respective annual observation date, the term extends by another year and the potential annual termination price increases by 9.2% to a maximum of 46%. This means, the longer the term, the higher the termination price (between 109.2% and 146% of the nominal value).
In case no early redemption was effected from the first to the fourth year and if the underlying quotes below the termination level at the fifth and final observation date, an additional safety mechanism applies: in case the closing price of the index quotes above the barrier of 60% of the starting value at the final valuation date, redemption is effected at 100% of the nominal value. Then investors will not generate profit and the nominal value of EUR 1,000 will be redeemed.
If the barrier is touched or undercut at the final valuation date, redemption is effected analogue to the index performance and the investor will generate a loss (percentage performance from the index starting value to the closing price at the final observation date).
Key Facts:
- ISIN: AT0000A1TV22
- Initial valuation date: Mar 14, 2017
- Term: min. 1 year, max. 5 years
- Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
- Listing: Vienna, Stuttgart, Frankfurt
For any additional information you may require do not hesitate to contact us on +43151520484.
The Team Structured Products of Raiffeisen Centrobank
The product described herein is subject to and governed by the Base Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority. The Base Prospectus is deposited at Oesterreichische Kontrollbank AG, published on www.rcb.at/SecuritiesProspectus and contains the risks and Terms and Conditions of the product.
Raiffeisen Centrobank AG is subject to supervision by the FMA and the Oesterreichische Nationalbank as well as the ECB, the latter within the Single Supervisory Mechanism (Council Regulation (EU) No 1024/2013).
