Reverse Convertible Bond BAWAG Group AG 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.
Last updateMar 28, 2023 07:15:37.482 UTC
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Standard Reverse Convertible Bonds have a fixed interest rate above the market level. The interest amount is paid out regardless of the performance of the underlying. Redemption at the end of the term depends on the performance of the underlying. If, at the final valuation date, the underlying closes at or above the strike, the Reverse Convertible Bond is redeemed at 100% of the nominal value.
If the closing price is below the strike, the investor obtains shares per nominal value in the amount predefined at the issue date. The difference to the integral number is paid out.
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