Underlyings: Erste Group Bank share, OMV share, VERBUND share
9% fixed annual interest rate for a term of 2 years
60% barrier (only active at maturity),
share delivery if the barrier is violated (market risk)An investment in investment products is associated with opportunities and risks. Please note the issuer risk.
With this certificate, you receive the fixed interest rate of 9% annually. Redemption at the end of term is affected at 100% if all 3 underlying shares quote above the barrier at the end of term. If at least one of the 3 shares quotes below the barrier, it results in delivery of shares. Only the share with the worst performance will be delivered; the value of the delivered shares will be significantly lower than the nominal amount of the Reverse Convertible Bond.
Underlyings:
The Reverse Convertible Bond consists of three underlyings:
- Erste Group Bank AG, the universal bank with a focus on the private client sector concentrates primarily on the markets of Central and Eastern Europe.
- OMV AG is an integrated, international oil and gas company with activities in the up- and downstream sector.
- VERBUND AG is Austria’s leading electricity company and of the largest producers of hydropower electricity in Europe.
⏱ During the term
- Flexibility: You can buy and sell the certificate on the secondary market at any time.
- The price of the certificate is subject to various influencing factors, including the performance of the underlying assets, their fluctuation range, correlation and dividend expectations as well as the interest rate level. This price may fall below the issue price and fluctuate sharply, especially if the underlying is close to the barrier.
⚠️ Issuer risk / Bail-in
Certificates are not covered by the Deposit Protection Scheme. Investors are exposed to the risk that Raiffeisen Bank International AG might be unable to fulfil its payment obligations in respect of the described financial instrument such as in the event of insolvency (issuer risk) or an official directive (Bail-in). A total loss of the capital invested is possible - further information ➨
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