How the certificate works
This certificate offers you a redemption of at least 110% at the end of term (capital protection) with a term of 5 years. In addition, you have the chance of a higher redemption with 100% participation if the underlying (LBMA Gold Price PM) rises strongly. The maximum redemption is 132%.
Underlying
Gold is used by many investors as an investment in the form of bars or coins. With this certificate, gold is represented by the spot gold price, the price of which is fixed in London for one troy ounce in US dollars. The price of gold is set twice a day and is determined and published by ICE Benchmark Administration Limited (IBA). The relevant price for observation is the LBMA Gold Price PM.
👉 The payout profile applies at the end of the term
- Capital protection: In any case, 110% of the nominal value will be paid out at the end of the term.
- Yield opportunity: The maximum redemption is limited by 132% (maximum amount).
- Loss of value due to inflation is not covered by the capital protection.
⏱ During the term
- Flexibility: You can buy and sell the certificate during trading hours at the current price.
- The price may drop below the issue price or the level of capital protection.
⚠️ 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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