The new Allianz Step Down Express Certificate connects the opportunity to generate an attractive yield with the possibility for an early redemption. The share of the globally operating insurer and financial service provider Allianz SE 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 the annually declining termination level (termination levels see table below) 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 Allianz share quotes at or above its respective termination level at one of the annual valuation dates, (early) redemption is effected according to the pre-defined termination price.
YIELD OPPORTUNITY:
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 6.5% and the annual terminal level declines by 10%.
| 1st year Termination level: 100% (=starting value) | Termination price: 106.5% of the nominal value |
| 2nd year Termination level: 90% | Termination price: 113% of the nominal value |
| 3rd year Termination level: 80% | Termination price: 119.5% of the nominal value |
| 4th year Termination level: 70% | Termination price: 126% of the nominal value |
| 5th year Termination level: 60% (=barrier) | Termination price: 132.5% of the nominal value |
In case no early redemption was effected from the first to the fourth year and if the underlying quotes below the termination level of 60% (equal to the barrier) at the fifth and final valuation date, physical delivery of the share is effected. This means that the investor receives shares of Allianz SE in the pre-defined amount (nominal value/starting value). The difference to the integral number is paid out in cash.
Key Facts:
- ISIN: AT0000A1NR24
- Initial valuation date: Oct 17, 2016
- Term: min. 1 year, max. 5 years
- Public offer in: Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Romania, Slovenia, Croatia
- Listing: Vienna, Stuttgart, Frankfurt
Further information is available at the product page: Allianz Step Down 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).
