This is a 4 year product paying in Euro issued by Commerzbank AG. It is Express Certificate Plus linked to the performance of Volkswagen AG, Nokia Corp, Intesa Sanpaolo SpA and Assicurazioni Generali SPA from 12/5/2016 to the last observation date 12/7/2020 and will be monitored at monthly periods. The product will pay 11 additional 2.5% coupon(s) if the underlying is at or above the 75% of its initial level, paid prior to early redemption periods. The product will mature early if on any monthly date, from period 12, the worst performing underlying is at or above 100% of its initial level (on the relevant date). In this case the product will repay the initial investment plus a coupon of 2.5% (on the relevant date when the autocall is triggered). Otherwise the product will pay a coupon of 2.5% if the underlying is at or above the 75% of its initial level. If the product runs to maturity, it will repay the initial investment plus a coupon of 2.5% so long as the worst performing underlying is at or above 100%. If the European protection barrier of 60% has not been breached, the nominal value will be paid, otherwise the product will repay the initial investment less any negative worst performing underlying measured over the term of the product
Lyfecycle: Early Matured | Fair Value: Sign-in
CMZB Phoenix VOW3 NOK1V ISP G 2.5 - 07.12.2020
Key Investment Document (KID)
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