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The certificate Europe Inflation Bonus&Safety 22 is based on the best-known equity benchmark in the euro zone, the EURO STOXX 50® index.
Investors of the investmentproduct without capital protection receive the fixed interest rate of 9% p.a. in the first two years of the term. From the third year onwards, the euro area inflation rate is paid out annually. The initial distance to the barrier (safety buffer) is 51% and the term is three years.
Payout profile:
The fixed interest rate in the first two years of the term is paid in any case, regardless of the underlying performance. From the third year of the term, you will receive the extra interest rate equal to the annual inflation rate (euro area HICP excluding tobacco). In the event of a negative inflation rate (deflation), only the fixed interest rate is paid out.
9% fixed annual interest rate in the 1st and 2nd year + Interest rate in the amount of the annual inflation
(HICP excluding tobacco) from year 3
Redemption of the nominal value at the end of the term depends on the performance of the underlying. Redemption is effected at 100% at maturity (July 2028) provided that the daily closing price of the EURO STOXX 50® index always quotes above the barrier of 49% of its starting value (= respective closing price on July 20, 2023) during the observation period.
If the barrier is violated by the underlying, redemption at the maturity date is effected according to the underlying performance (percentage underlying’s performance from the starting value to the closing price at the final valuation date). Even if the barrier is touched or undercut investors do not participate in price gains above the respective starting value.
The issue price amounts to 100% (nominal value EUR 1,000) within the subscription period. Further information as well as the Key Information Document can be found on the product page.
Details on the EURO STOXX 50® index as well as the current list of index members can be found on the website of the index provider STOXX Ltd.
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