How the certificate works
With this certificate, you receive the fixed interest rate of 9.5% annually. Redemption at the end of term is affected at 100% if all 3 underlying shares (Erste Group Bank, Raiffeisen Bank International & voestalpine) quote above the barrier at the end of the term of 2 years. If at least one of the 3 shares quotes below the barrier, it results in delivery of shares (market risk). 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 3 Austrian underlyings:
- Erste Group Bank is a universal bank with a focus on the retail sector and concentrates primarily on the markets of Central and Eastern Europe.
- Raiffeisen Bank International AG operates as a commercial and investment bank. The bank offers a comprehensive range of banking services in Central and Eastern Europe.
- voestalpine AG is one of the world's leading technology groups in its business areas with a focus on product and system solutions made of steel and other metals.
⏱ During the term
- Flexibility: You can buy and sell the certificate during trading hours at the current price.
- The price of the certificate is subject to various influencing factors, including the performance of the underlyings, 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 ➨
An investment in investment products is associated with opportunities and risks. Please note the issuer risk.
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