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This certificates complies with RCB’s sustainability standard and takes into account important adverse impacts on sustainability factors (Principal Adverse Impacts - PAIs for short). For further information please click here: www.rcb.at/en/sustainability
The MSCI World Climate Change Express certificate combines the opportunity to generate an attractive yield with the possibility for an early redemption. The MSCI® World Climate Change Top ESG Select 4.5% Decrement Index serves as underlying for the investment product without capital protection. The Express Certificate offers an attractive profit opportunity for those investors who expect the MSCI® World Climate Change Top ESG Select 4.5% Decrement Index to quote at or above its current level within the forthcoming five years.
Functionality
On the initial valutation date, the starting value of the underlying is determined and based on that the barrier and the termination levels are defined. On the respective annual valuation date, the price of the underlying is compared with the respective termination level. If the price of the underlying is at or above the termination level, (early) redemption of the certificate is effected at the predefined termination price.
The longer the term, the higher is the termination price. If the share quotes below its termination level at the respective annual valuation date, the term extends by another year, the potential termination price rises by 11%.
| 1st year Termination level: 100% (= starting value) | Termination price: 111% of the nominal value |
| 2nd year Termination level: 100% | Termination price: 122% of the nominal value |
| 3rd year Termination level: 100% | Termination price: 133% of the nominal value |
| 4th year Termination level: 100% | Termination price: 144% of the nominal value |
| 5th year Termination level: 100% | Termination price: 155% of the nominal value |
Safety mechanism
If there has been no early redemption by the last year of the term and if the price of the underlying is above the barrier on the final valuation date, 100 % of the amount is redeemed. If the price of the underlying is at or below the barrier, the redemption is 1:1 according to the index performance (percentage performance of the index from the starting value to the closing price on the last valuation date).
Further information as well as the Key Information Document please find on the product page.
Express Certificates – explained shortly:
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For any additional information you may require do not hesitate to contact us on +43 1 515 20-484.
The Team Structured Products of Raiffeisen Centrobank
