Tesla Express 4 - in subscription

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Tesla Express 4 - in subscription

Opportunity for yield between 115% and 175% with a maximum term of 5 years and annually declining termination level (step-down)

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The Tesla Express 4 certificate combines the opportunity to generate an attractive yield with the possibility for an early redemption. The share of Tesla Inc. serves as underlying for the investment product without capital protection. The Express Certificate offers an attractive profit opportunity for those investors who expect the Tesla share to quote at or above the annually declining termination level within the forthcoming five years.

Term:

The certificate has a minimum term of 1 year and a maximum term of 5 years. If the closing price of the Tesla share quotes at or above the terminatin level at one of the annual valuation dates, (early) redemption is effected according to the predefined redemption price.

The longer the term is, the higher is the termination price and the lower is the termination level. 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 10% and the annual terminal level declines by 10 percentage points.

1st year 
Termination level: 100% of starting value		                           Termination price: 115% of the nominal value
2nd year
Termination level: 90% of starting value		 Termination price: 130% of the nominal value
3rd year
Termination level: 80% of starting value		 Termination price: 145% of the nominal value
4th year
Termination level: 70% of starting value		 Termination price: 160% of the nominal value
5th year
Termination level: 60% of starting value		 Termination price: 175% of the nominal value

 

Safety mechanism:

If the certificate is not redeemed in the first four years and provided that 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 Tesla Inc. preferred share quotes above the barrier of 60% at the final valuation date, redemption is effected at 100% of the nominal value. This means investors do not generate profit and the nominal value of EUR 1,000 is redeemed.

If the barrier is touched or undercut at the final valuation date physical delivery applies. Then the investor gets the Tesla shares in the amount predefined at the issue date (nominal value/strike). The difference to the integral number is paid out. In this case, the lower share price of the delivered shares may result in the loss of a major part of the capital.

Further information as well as the Key Information Document please find on the product page.

 

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Key facts:
  • Name: Tesla Express 4
  • ISIN: AT0000A35XK2
  • Initial valuation date: Jul 25, 2023
  • Term: min. 0.5 years, max. 3.5 years
  • Listing: Vienna, Stuttgart
Product PageProduct Folder
Disclaimer
This is advertising. This non-binding information does not constitute advice, recommendation or invitation to conclude a transaction. The presentation is of a generic nature, does not take into account the personal circumstances of potential investors and therefore cannot replace individual investor and investment-oriented advice and risk disclosure. This advertisement has not been prepared in compliance with the legal provisions promoting the independence of investment research and is not subject to the ban on trading following the dissemination of investment research. A base prospectus (including any supplements) that complies with the Austrian Capital Market Act and has been approved by the competent authorities (CSSF, FMA) is available on the website of Raiffeisen Bank International AG (raiffeisencertificates.com/en/securities-prospectus/). The approval of the base prospectus by the competent authorities is not to be understood as an endorsement by the competent authorities of the financial instruments described herein. We recommend reading the prospectus before making an investment decision. Important additional information on the products described (in particular their opportunities and risks) can be found on the website of Raiffeisen Bank International AG at raiffeisencertificates.com/en/; in particular, the approved base prospectus (including any supplements) can be found at (raiffeisencertificates.com/en/securities-prospectus/) and under "Customer Information and Regulatory Issues" at raiffeisencertificates.com/en/customer-information/. Regulatory authorities: Austrian Financial Market Authority (FMA), European Central Bank (ECB). Imprint according to Austrian media law: Media owner and producer is Raiffeisen Bank International AG, Am Stadtpark 9, 1030 Vienna/Austria.