The Capital Protection CertificateKMU Dividend Stocks Bond 104% offers a redemption of 116% at end of term if the index quotes at or above its starting value. If the index falls below the starting value, the capital protection of 104% takes affect.

The clear payout profile at maturity is already fixed when the certificate is issued. It is suitable for investors who (at least) expect the index to move sideways.

The underlying asset is the STOXX^® Global Select Dividend 100 Price EUR Index . This index contains 100 high-dividend stocks from North America, Asia/Pacific and Europe. Details and a current list of index members can be found on the website of the index provider STOXX Ltd..