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This certificates complies with Raiffeisen Certificates sustainability standards. For further information please see: raiffeisenzertifikate.at/en/sustainability
The AXA Express 8 certificate combines the opportunity to generate an attractive yield with the possibility for an early redemption. The share of AXA S.A. serves as underlying for the investment product without capital protection. The Express Certificate offers an attractive profit opportunity for those investors who expect the AXA share 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 and the potential termination price rises by 12.5%.
1st year Termination level: 100% (= starting value) | Termination price: 112.5% of the nominal value |
2nd year Termination level: 100% | Termination price: 125.0% of the nominal value |
3rd year Termination level: 100% | Termination price: 137.5% of the nominal value |
4th year Termination level: 100% | Termination price: 150.0% of the nominal value |
5th year Termination level: 100% | Termination price: 162.5% 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 also below the termination level (corresponds to the barrier) on the final valuation date, physical delivery of shares is effected. This means that shares of AXA S.A. are booked into the investor's securities account at the amount (nominal value/starting value) predefined at the beginning of the term. 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.
Consideration of major adverse impacts on sustainability (PAI):
Greenhouse gas emissions Species diversity (biodiversity)
Waste prevention Water conservation and water consumption
Social, labor and human rights issues incl. corruption and bribery
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