Reverse Convertible Bond 6,75 % Deutschland Aktienanleihe 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.
The 6.75% Germany Reverse Convertible Bond is redeemed at 100% nominal value at the maturity date (February 2022), provided that, during the observation period, the closing price of each of the three underlying shares (Continental AG, E.ON SE and Munich Re AG) always quoted above the barrier of 55% of the strike (daily observation). The interest amount of 6.75% is paid out annually, regardless of the performance of the underlying shares.In case the barrier is touched or undercut by at least one of the underlying shares and at least one of the underlying shares quotes below its strike at the final valuation date, the predefined amount of the worst performing share will be delivered. If all three underlying shares quote at or above their strike at the final valuation date, the product is redeemed at 100% nominal value despite a barrier event.
The barrier has been touched by Continental AG on March 16, 2020
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