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The Europa Bonus&Security 23 certificate refers to the best-known equity benchmark in the euro zone, the EURO STOXX 50® Index.
The investment product without capital protection combines the chance of a bonus return of 20% at maturity (equivalent to 6.3% p.a.) with partial protection for the capital invested. The initial distance to the barrier (safety buffer) is 51% and the term of the certificate is three years.
Payout profile:
Repayment (December 2026) of the nominal amount is 120% if the underlying EURO STOXX 50® share index is always quoted above the barrier of 49% of its starting value (= closing price on December 7, 2023) during the term.
If the barrier of the underlying is touched or breached, payment is made on the redemption date in line with the performance of the underlying (percentage performance of the underlying from the starting value to the closing price on the last valuation date). Even if the barrier is touched or undershot, the investor cannot participate in price increases above the starting value.
The issue price is 100% (nominal amount EUR 1,000) during the subscription period. Further information as well as the corresponding basic information sheet can be found on the product detail page.
Details on the EURO STOXX 50® Index as well as a current list of index members can be found on the website of the index provider STOXX Ltd.
For any additional information you may require do not hesitate to contact us on +43 1 71707 5454.
The Raiffeisen Certificates Team
