Express Certificate Porsche Express 3 The product related information contained herein is exclusively for information purposes only, intended for current investors or in case these products are displayed further to an individual search. The information does not constitute a recommendation or an offer to buy or an invitation to make a respective offer in relation to any of the products described herein.
Change+1.340 (+2.36%) Bid57.44% Ask58.94% Last updateFeb 23, 2024
18:59:59.673
UTC
Underlying price 48.85 Change underlying+1.75% Starting value87.16 Next Express valuation level87.16
Name
Porsche Express 3
ISIN / WKN
AT0000A2SWJ3 / RC04QF
Underlying price
EUR 48.85 (+1.75%)
Feb 23, 2024 16:30:00.000
Starting value
EUR 87.16
Observation redemption level
on the final valuation date
Early redemption level
87.16 / 87.16 / 87.16 / 87.16 / 87.16
Early redemption price
109.11% / 118.22% / 127.33% / 136.44% / 145.55%
Denomination / nominal
EUR 1,000
About the term
Initial valuation date
Oct 21, 2021
Issue date
Oct 22, 2021
Valuation dates
Oct 20, 2022 / Oct 19, 2023 / Oct 18, 2024 / Oct 20, 2025 / Oct 20, 2026
Final valuation date
Oct 20, 2026
Maturity date
Oct 23, 2026
Product classification
Investment Product without Capital Protection
Security type (eusipa Nr.)
Express Certificate (1260)
Express Certificate Type
Express Certificate
Country / region of underlying
Germany
Suited market expectation
sideways, bullish
Spread homogenised
1.31
Spread in %
2.61%
Multiplier
-
Product currency
EUR
Underlying currency
EUR
Settlement method
Cash settlement / Physical delivery
Tax treatment
Capital Gains Tax / No EU Withholding Tax
Public offer in
Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Bulgaria, Croatia, Romania, Slovenia
Listing
Vienna, Stuttgart
Comments

The certificate Porsche Express 3 offers an annual opportunity for early redemption, enabling investors to obtain a yield of 9.11% per year if the share of Porsche Automobil Holding SE 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 (60% of the starting value) at the final valuation date, the investor is entirely subject to market risk and physical delivery of Porsche shares is effected.