Product brochure May 2016 Raiffeisen Centrobank AG
8.25 % Austrian stocks bonus
Investment Product without Capital Protection
bonus Certificate
▪▪ 8.25% Fixed annual interest rate
▪▪ Stock basket as underlying:
Erste Group Bank AG, OMV AG, Voestalpine AG
▪▪ Barrier AT 50% of each share
▪▪ Redemption is effected in cash
(no Physical delivery)
▪▪ Opportunities/Risks on the following pages
▪▪ 2-year term
2 16
Bonus Certificates by
Raiffeisen Centrobank AG
8.25% Austrian Stocks Bonus
Bonus Certificate
attractive fixed interest rate above the market
The 8.25% Austrian Stocks Bonus provides for an attractive fixed interest rate: The interest
amount is paid annually, regardless of the performance of the underlying shares. Whether the
full nominal value is paid out or not, depends on the performance of the three underlying shares.
In case the barrier is violated, the investor is entirely subject to market risk.
Key Facts
IssuerRaiffeisen Centrobank AG*
Offer
continuous issuing
ISIN
AT0000A1LE05
Issue price100%
plus 1.5% issue surcharge
within the subscription period
Nominal valueEUR 1,000
Attractive yields in a low interest rate environment, partial protection against price slumps
and a straight forward term are convincing arguments for many investors. The new 8.25%
Austrian Stocks Bonus Certificate combines all these features in one product. The investment
product without capital protection provides for a fixed annual interest rate of 8.25% and a
barrier of 50% as an additional safety mechanism. Taking the issue surcharge of 1.5% during
the subscription period into account, the maximum yield comes up to 7.42% p.a. Further
details regarding opportunities and risks are listed on the next page. The term is two years.
Subscription period1
May 24 - Jun. 17, 2016
Initial valuation date
Jun. 20, 2016
Issue value date
Jun. 21, 2016
Final valuation date
Jun. 18, 2018
Maturity date
Jun. 21, 2018
Starting value Closing price of each share
at the initial valuation date
Functionality
At the initial valuation date, the starting values of all three shares (closing price of each
share) and the respective barrier (50% of the starting value) are determined.
▫▫ THE Fixed Annual interest rate of 8.25% is paid out in June (2017 and 2018)
during the two-year term, regardless of how the three shares perform (equals two times
EUR 82.50 per nominal value).
Barrier 50% of the respective starting value
Observation
daily (closing price)
Observation period
Jun. 21, 2016 - Jun. 18, 2018
Fixed interest rate
8.25% annually
▫▫ Redemption of the nominal value at the end of the term depends on the performance
of the three underlying shares. During the observation period the closing price of the three
shares is compared with their respective barrier on a daily basis. At the final valuation
date, one of the following scenarios will occur:
Interest rate payout dates Jun. 21, 2017;
Jun. 21, 2018;
RedemptionIn case that the daily
closing prices of the three shares
(Erste Group Bank AG, OMV AG and
voestalpine AG) always quote above
their respective barrier of 50% during
the observation period, the certificate is
redeemed at 100% of the nominal value
(redemption is dependent on the solvency
of the Raiffeisen Centrobank*).
Listing
Vienna, Frankfurt, Stuttgart
Quoteswww.rcb.at
* Raiffeisen Centrobank AG is a
100% owned subsidiary of Raiffeisen Bank
Scenario 1: All three shares quoted above the barrier on a daily basis
Provided that the share prices of Erste Group Bank AG, OMV AG and voestalpine
AG always quoted above their respective barrier of 50% of the starting value during
the observation period, the certificate is redeemed at 100%. In case none of the three
shares closes 50% or more below its starting value, investors obtain the nominal value
of EUR 1,000 at the maturity date. This amount represents the maximum payout.
Scenario 2: Barrier was touched/undercut by at least one of the shares
In case the barrier of 50% of the respective starting value was touched or undercut by
the closing price of one or MULTIPLE underlying shares (Erste Group Bank AG, OMV
AG or voestalpine AG) payout at the maturity date is effected according to the worst
performing share (percentage performance from the starting value to the closing price
at the final valuation date) - “worst of“.
International AG – rating of RBI:
www.rbinternational.com/ir/ratings
1 Early closing or extension of the subscription period is
within the sole discretion of Raiffeisen Centrobank AG.
Product brochure as of: May 24, 2016
Even if the barrier is touched or undercut, the maximum payout amount remains limited to
EUR 1,000 and investors do not participate in price increases of the underlyings beyond
the starting value.
Please note the disclaimer at the end of this product brochure .
www.rcb.at
P r ice
EUR
Source: Reuters (ERST.VI); as of: May 24, 2016
38
36
34
32
30
28
26
24
22
20
18
16
14
12
10
8
STARTING VALUE
50% BARRIER
Erste Group Bank AG
Erste Group Bank operates in seven countries (Austria,
Czech Republic, Slovakia, Hungary, Romania, Croatia,
Serbia) and is one of the leading banks in Central
and Eastern Europe, focusing its core area of activities
on the retail business. The Bank services about 16
million private customers in roughly 2,800 branches.
(Source: Erste Group Annual Report 2015)
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2010
2011
2012
2013
2014
2015
2016
P r ice
EUR
Source: Reuters (OMVV.VI); as of: May 24, 2016
40
38
36
STARTING
VALUE
50% BARRIER
34
32
30
28
26
24
22
20
18
16
14
12
OMV AG
OMV is the largest integrated oil and gas company in
Eastern Europe (excluding Russia). The company has refinery
capacities in Austria, Germany and Romania. OMV
operates exploration and production in two core markets,
Romania and Austria, and holds a well-balanced
international portfolio.
(Source: OMV Annual Report 2015)
10
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2010
2011
2012
2013
2014
2015
2016
P r ic e
EUR
42
40
Source: Reuters (VOES.VI); as of: May 24, 2016
STARTING
VALUE
38
36
34
32
30
28
26
24
22
20
18
50% BARRIER
16
14
12
Q3 Q4 Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2012
2013
2014
voestalpine AG
The group manufactures and processes top-class steel
products for the automotive, white good and energy
industries. Additionally, voestalpine is world market leader
in turnout technology, tool steel and special sections, as
well as number one in Europe in the production of rails.
The main part of its sales volume is generated in Europe.
(Source: www.voestalpine.com)
Q2 Q3 Q4 Q1 Q2 Q3
2015
2016
Please note that past performances do not allow any inferences to be made about future performances.
Taxation
Subject to EU withholding tax
Please note that the legal situation may change due to
legislative amendments, tax directives, opinions of financial
authorities, jurisdiction etc. Taxation of investments is
dependent on the personal situation of the investor and may
be subject to change.
your expected market trend
declining
sideways
rising
your Investment Horizon
opportunities
▫▫ Attractive annual fixed interest rate:
The payout of the annual fixed interest amount is effected regardless of the
performance of the three underlying shares.
▫▫ Risk buffer:
Attractive yield in sideways moving and slightly decreasing markets through the
partial protection against falling prices down to the barrier of 50%
▫▫ Secondary market:
Permanent secondary market, no management fees
1-2 years 3-4 years 5-6 years >6 years
Note
The mentioned opportunities and risks
display a selection of the most important
facts regarding the product.
For further information see the prospectus
(including possible changes and additions)
– approved by the Austrian Financial Market
Authority, deposited at the Oesterreichische
Kontrollbank AG and published on:
www.rcb.at/securitiesprospectus
Product brochure as of: May 24, 2016
Risks
▫▫ Barrier violation:
In case the barrier of the Bonus Certificate is touched and/or undercut by the
closing prices of at least one of the three underlying shares, the investor is entirely
subject to market risk, without any protective mechanism.
▫▫ Limited yield opportunity:
The opportunity for yields is in any case limited by the fixed interest rate (2 x 8.25%).
Investors do not participate in price increases of the underlyings beyond the starting
value.
▫▫ Issuer risk:
Redemption is dependent on the solvency of Raiffeisen Centrobank AG (issuer risk).
In case of insolvency of the issuer the investor may incur a total loss.
Please note the disclaimer at the end of this product brochure .
Product brochure May 2016 Raiffeisen Centrobank AG
DISCLAIMER
In spite of careful research, the information contained in this marketing
communication serves only for the information of our customers without
commitment on our part. The information does neither constitute an
investment advice nor a recommendation nor a solicitation to conclude
any transaction. Equally, the information contained in this brochure
cannot substitute investor or investment specific advice. The sole legal
basis for all products described in this brochure is the base prospectus
(including any possible changed or supplemented information) which
has been approved by the Austrian Financial Market Authority, in
connection with the Final Terms all of which have been deposited at
the Oesterreichische Kontrollbank AG. These documents and further
information, respectively, are provided on the website of Raiffeisen
Centrobank AG at www.rcb.at/wertpapierprospekte and www.rcb.at.
Unless otherwise explicitly expressed in any of the documents cited
above no measures were or are taken in any national legal system,
which should permit a public offering of the products described herein.
Raiffeisen Centrobank AG explicitly excludes any liability regarding this
brochure, in particular in relation to the correctness, appropriateness
and completeness of the information presented herein.
Structured securities are risky instruments employed to invest into
assets. Should the price of the respective underlying instrument of a
certificate develop adversely, an investor may lose part or all of his or
her invested capital. Structured securities can react more strongly or
weakly to changes of the price of the underlying instrument depending
on a number of factors (e.g. volatility or correlation of the underlying
instrument, interest, dividends, remaining time to maturity, changes in
foreign exchange rates) and do not move always simultaneously with
the underlying.Any payments for structured securities during the maturity
or at the maturity date depend on the solvency of the issuer. Further risk
information – see Prospectus.
Further information may be obtained from the consultant at your local bank, on the Internet at
www.rcb.at or through the product hotline of Raiffeisen Centrobank: +43 (0)1 51520 - 484.
Your Contacts at Raiffeisen Centrobank AG, A-1015 Vienna, Tegetthoffstrasse 1:
Product HotlinePh.:
Heike Arbter (Head of Structured Products)Ph.:
Philipp ArnoldPh.:
Roman BauerPh.:
Walter FriehsingerPh.:
Anna GaszynskaPh.:
Marianne KoegelPh.:
Jaroslav Kysela
Ph.:
Thomas MairhoferPh.:
Aleksandar MakuljevicPh.:
Stefan NeubauerPh.:
Premysl Placek
Ph.:
Clemens Puehringer
Ph.:
Ludwig Schweighofer
Ph.:
Thomas Stagl
Ph.:
Alexander Unger
Ph.:
Martin Vonwald
Ph.:
+43
+43
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The information presented does not constitute a binding tax advice.
Taxation of investments is dependent on the personal situation of the
investor and may be subject to change. As regards taxation and impact
on the investor‘s individual tax situation, it is recommended to consult a
tax advisor. This report is based on the knowledge the person preparing
the document has obtained up to the creation date. Please note that
the legal situation may change due to legislative amendments, tax
directives, opinions of financial authorities, jurisdiction etc.
Imprint („Impressum“) pursuant to Austrian Media Act media owner and
producer Raiffeisen Centrobank AG, Tegetthoffstrafle 1, 1015 Wien.
Bonus Certificates by