The 7% Bavaria Plus Reverse Convertible Bond is redeemed at 100% of the nominal value at the maturity date (November 2022), provided that the closing price of each of the three underlying shares (Allianz SE, BMW AG, Infineon Technologies AG) quotes above the barrier of 60% of the strike at the end of the term (observation only at the final valuation date). The interest amount of 7% is paid out annually, regardless of the performance of the underlying shares.In case at least one of the underlying shares quotes below its barrier (60 %) at the final valuation date, the predefined amount of the worst performing share will be delivered.

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