The new certificate Siemens Express combines the opportunity to generate an attractive yield with the possibility of an early redemption. The share of Europe’s largest and globally well-known engineering company Siemens AG serves as underlying for the investment product without capital protection. The Express Certificate offers an attractive profit opportunity for those investors who expect the German blue chip to quote at or above its current level in the forthcoming years.
TERM:
The certificate has a minimum term of1year and a maximum term of 5 years. If the closing price of the Siemens share quotes at or above its termination level (equal to the share’s closing price at the initial valuation date) at one of the annual valuation dates, (early) redemption is effected analogue to the pre-defined termination price.
YIELD OPPORTUNITY:
The longer the term, the higher the termination price (between 108.5% and 142.5% of the nominal value), because: if the share quotes below its termination level at the respective annual valuation date, the term extends by another year and the potential annual termination price increases by 8.5% to a maximum of 42.5%.
SAFETY MECHANISM:
In case no early redemption was effected from the first to the fourth year of the term and if the underlying quotes below the termination level at the fifth and final valuation date, an additional safety mechanism applies: in case the closing price of the share quotes above the barrier of 59% at the final valuation date, redemption is effected at 100% of the nominal value. Then investors will not generate profit and the nominal value of EUR 1,000 will be redeemed.
If the barrier is touched or undercut at the final valuation date physical delivery applies. Then the investor receives shares of the Siemens AG in the amount pre-defined at the issue date (nominal value/starting value). The difference to the integral number is paid out.
Key Facts:
- ISIN: AT0000A1PLF2
- Initial valuation date: Dec 15, 2016
- Term: min. 1 year, max. 5 years
- Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
- Listing: Vienna, Frankfurt, Stuttgart
Further information is available at the product page: Siemens Express Certificate
For more details kindly see the Product Folder (PDF).
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
This product, the risks and terms and conditions associated with it, are subject to and governed by the Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority, which has been deposited at Oesterreichische Kontrollbank AG and is published on www.rcb.at/SecuritiesProspectus.
Additionally, Raiffeisen Centrobank AG is subject to supervision by the European Central Bank (ECB), which ECB undertakes within the Single Supervisory Mechanism (SSM), which consists of the ECB on national responsible authorities (Council Regulation (EU) No 1024/2013).
