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Press releases

20.02.2018

Earning opportunities with selected European shares plus 95 percent minimum repayment:
The new HVB Cap Anleihe based on the “Pioneer Funds Austria – Select Europe Stock – A”

  • With the new Cap-Anleihe with a minimum redemption of 95 percent, you are banking on the “Pioneer Funds Austria – Select Europe Stock – A” and have the opportunity to participate 100 percent in any positive development of the fund until it reaches the cap (upper price limit)
  • Risk reduction thanks to repayment of at least 95 percent of the nominal value at the end of the term
  • The term is 8 years, during which time the bond can be sold under normal market conditions on- or off-exchange

The performance of the HVB Cap Anleihe 04/2026 with a minimum redemption of 95 percent is based on the “Pioneer Funds Austria – Select Europe Stock – A”. The underlying security „Pioneer Funds Austria – Select Europe Stock – A“ was issued by the management company Pioneer Investements Austria GmbH, part of the Amundi Group. Investors can participate 100 percent in any positive development of the fund until it reaches the cap (upper price limit). The maximum repayment is EUR 1,500 per bond1 . The bond offers 95 percent minimum redemption of the nominal value from the issuer on maturity. If the index does not develop positively, the minimum redemption takes effect and repayment is made at 95 percent of the nominal value of EUR 1,000 per bond.

Markus Kosche, Head of Retail Sales Private Customers, Small Business and Independent Professions at UniCredit Bank Austria, emphasises: “With the new Cap Anleihe based on the ' Pioneer Funds Austria – Select Europe Stock – A', we are offering investors in the current low-interest environment an interesting investment opportunity in selected European companies and the chance to participate in the performance of the fund with risk optimisation. The Cap Anleihe offers 95 percent minimum redemption on maturity and will therefore certainly be welcomed by security-oriented investors.”

The new Cap Anleihe provides interesting medium-term investment opportunities. The actively managed investment fund’s objective of is a long-term capital gain with appropriate risk spreading. Returns are not paid out to the investors. Pioneer Funds Austria – Select Europe Stock – A is mainly invested in selected European stocks (minimum of 66 percent of fund assets).

If the calculated percental development of the fund is greater or equal -5 percent (performance between initial and final valuation dates), investors will receive on the repayment date of 7 April 2026, per share, the nominal value of EUR 1,000 plus the positive percentage performance multiplied by the nominal value up to the cap (upper price limit). This means that the maximum repayment per share is EUR 1,500 2.

If the calculated percental development of the fund is smaller -5 percent (performance between initial and final valuation dates), capital security takes effect and a repayment of EUR 950 is made per bond. This means that the possible maximum loss is limited to 5 percent of the nominal value.

The capital is invested for a total of 8 years, during which time the bond can be sold on- or off-exchange under normal market conditions. The underlying “Pioneer Funds Austria – Select Europe Stock – A” is calculated in euros. The index sponsor and calculation agent is UniCredit Bank AG (formerly Bayerische Hypo- und Vereinsbank AG).

The issue in detail:
HVB Cap Anleihe 04/2026 with a minimum redemption of 95 percent based on the PIA – Select Europe Stock – A

ISIN: DE000HVB2712
Issuer: UniCredit Bank AG (formerly Bayerische Hypo- und Vereinsbank AG)
Underlying security: Pioneer Funds Austria – Select Europe Stock – A (EUR)
Proposal: from 19.02.2018 to 03.04.2018 (2 p.m.), subject to early termination
Issue date: 06.04.2018
Redemption date: 07.04.2026
Issue price: 100%
Agio (fee): 4%
Denomination: EUR 1,000
Valuation dates: Monthly average price formation during the first and the last year.
Participation factor: 100%
Cap (upper price limit) 150% related to the nominal value
Exercise price: 100% of nominal value
Capital security at end of term: 95% minimum redemption of the nominal value from the issuer on maturity
Stock market listing: Expected to be from 10.04.2018, Frankfurt (Open Market), Stuttgart (Open Market)
Fees and charges: Custodial fee: Annually 0.235% + 20% VAT on the market value, at least EUR 3.92 annually + 20% VAT per securities position; but at least EUR 26.28 + 20% VAT per securities account
Selling fees: 0.7% of the sale value (at least EUR 63), plus external costs in full

Disclaimer:
This information regarding the HVB Cap Anleihe 04/2026 with a minimum redemption of 95 percent based on the Pioneer Funds Austria – Select Europe Stock – A is provided solely for advertising purposes and does not constitute investment advice, an investment recommendation, a product recommendation, or an offer or solicitation to buy or sell this bond, or a solicitation to make an offer. It is intended solely as introductory information and is not a substitute for advice provided on the basis of the investor's individual circumstances and knowledge. Every capital investment involves a certain degree of risk. The value of the investment and the amount of investment income may be subject to sudden and significant fluctuations during the term of investment, and for this reason they cannot be guaranteed. It is possible that the investor may not recover the entire amount of the initial investment.

Enquiries: UniCredit Bank Austria Media Relations
Volker Moser, Tel.: +43 (0) 5 05 05-52854;
E-Mail: volker.moser@unicreditgroup.at

1 Before deduction of capital gains tax of 27.5 percent
2 Before deduction of capital gains tax of 27.5 percent