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This certificates complies with Raiffeisen Certificates sustainability standards. For further information please see: raiffeisenzertifikate.at/en/sustainability
The Verbund Express certificate combines the opportunity to generate an attractive yield with the possibility for an early redemption. The share of Verbund 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 Verbund share to quote at or above its current 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 Verbund share quotes at or above its redemption level (equal to the share’s closing price at the initial valuation date) at one of the annual valuation dates, (early) redemption is effected according to the predefined redemption price.
Yield opportunity:
If the share quotes below the starting value at the annual valuation date, the term extends by another year (up to a maximum term of five years). At the same time, the potential annual termination price rises by 10% of the nominal value annually (up to a maximum of 150%).
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 Verbund 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 Verbund 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.
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
For any additional information you may require do not hesitate to contact us on +43171707 5454.
The Raiffeisen Certificates Team
