The voestalpine Express 8 certificate offers an annual opportunity for early redemption, enabling investors to obtain a yield of 13% per year if the share of voestalpine AG quotes at or above its starting value at one of the valuation dates. If the share quotes below the starting value, the term extends by another year - up to a maximum of five years. In the event of a barrier violation at the final valuation date, the investor is entirely subject to market risk and physical delivery of voestalpine shares is effected.