The certificate MSCI World Climate Change Bond III has three redemption scenarios: 1) Redemption at 138% if the underlying MSCI® World Climate Change Top ESG Select 4.5% Decrement Index is at/ above 106% of the starting value at the end of the term; 2) Redemption at 106% if the index is below 106% but at/above 100% of the starting value at the end of the term; 3) 100% capital protection if the index is below 100% of the starting value at the end of the term.

The index methodology (PDF) as well as further details on the index can be found on the website of the index provider MSCI by selecting the respective index in the dropdown menu.

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