Europe Winner Infrastructure and Stability 105%

100% participation in the MSCI® Europe Infrastructure, Aerospace & Defense Select 4.5% Decrement Index up to a maximum of +45% with 105% capital protection at the end of the term. The 🖋️ subscription period lasts until July 27, 2026

How the certificate works

This certificate offers a redemption of 105% at the end of term (capital protection) with a term of 5 years. Additionally, a higher redemption will occur if the MSCI^® Europe Infrastructure, Aerospace & Defense Select 4.5% Decrement Index increases by more than 12% by July 2031. The maximum redemption is 145%.
 

Underlying

The MSCI^® Europe Infrastructure, Aerospace & Defense Select 4.5% Decrement Index is the underlying for the certificate. The index comprises approximately 50 European equities from the infrastructure, aerospace and defence sectors and is calculated as a decrement index, with 4.5% p.a. deducted from the index level on an ongoing basis. Further information on the MSCI^® Europe Infrastructure, Aerospace & Defense Select 4.5% Decrement Index can be found on the website of the index provider MSCI^® by selecting the index in the drop-down menu.
 

👉 The payout profile applies at the end of the term

• 105% of the nominal value is secured by the capital protection at the end of term.
• The maximum redemption is limited at 145%.
• Loss of value due to inflation is not covered by the capital protection.
   

⏱ During the term

• You can buy and sell the certificate during trading hours at the current price.
• The price may drop below the issue price or the level of capital protection. Selling the certificate prior to maturity may result in a partial loss of the invested capital.
   

⚠️ 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 ➨

An investment in investment products is associated with opportunities and risks. Please note the issuer risk.