With the certificate Europe Inflation Bonus&Safety 20 investors receive the fixed interest rate of 9.25% p.a. in the first 2 years of the term. From the third year onwards, the euro area inflation rate is paid out annually. At the end of term redemption is effected at 100% provided that the EURO STOXX 50® index always quotes above the barrier of 49% of its starting value during the term. In the event of a barrier violation, investors are exposed to market risk on a one-to-one basis. In this case, a substantial capital loss is possible.

Details on the index can be found on the website of the index provider STOXX