The certificate Allianz Express 8 refers to the Allianz share, offers an annual yield opportunity of 8% and an early redemption option. If the share quotes at/above its starting value on one of the annual valuation dates, early redemption is affected including interest of 8% per year to maturity. If the share is quotes between the starting value and the barrier at the end of the term, redemption is affected at 100 %, without interest. If it quotes at/below the barrier of 60 %, shares are delivered. The value of the shares delivered will be significantly lower than the nominal amount of the certificate.

The payout profile is already fixed when the certificate is issued. It is suitable for investors who expect the share to move sideways/slightly upwards.

This certificate complies with the sustainability standard for Raiffeisen Certificates and takes into account important adverse impacts on sustainability factors ("PAIs").