Banca Akros extends the range of Certificates offered directly on the market with the new Equity Fixed Premium Certificates
The 16 new Certificates issued by Banca Akros have been listed on Italian Stock Exchange since 17 May. They offer the investor the opportunity to obtain a fixed monthly coupon flow for two years regardless of the value of the underlying.
The value of the underlying is only relevant for the purposes of the pay-off of the Certificate at maturity. If it is greater than or equal to the Barrier Level, it repays the Issue Price equal to 100 Euros plus the last unconditional premium. If the underlying were to fall below the Barrier Level, the investor would obtain an amount commensurate with what they would have received by investing directly in the underlying share plus the last unconditional monthly coupon. In a negative scenario, the 24 unconditional coupons paid during the life of the Certificate make it possible to mitigate the losses for the direct investment in the underlying.
Key Elements:
- Underlying: EU Shares
- Barrier: from 50% to 75%
- Unconditional fixed coupons: from 0.53% (6.36% p.a.) to 0.93% (11.16% p.a.)
- Maturity: Two years
Banca Akros guarantees the tradability of its Certificates on the MTF Cert-X of Euro-TLX. Through its activity as a specialist, Banca Akros provides prices on an ongoing basis, making it easy to trade the Certificates. To receive further information on the characteristics and procedures for joining the offer and trading of the Akros Certificates, to consult the information material and prospectuses, or to find out about the quotations, you can visit www.bancaakros.it/certificates, call the freephone number 800.215.328 or contact your bank directly. Prices are also available on the Euro-TLX website. This document constitutes advertising material for promotional purposes, prepared by the issuer Banca Akros S.p.a. (hereinafter “Banca Akros”) for the purpose of providing certain summary information on the characteristics of the Certificates and should not be considered as an offer to the public or recommendation to invest. In this respect, reference should be made exclusively to the Base Prospectus prepared by the issuer in order to find complete and comprehensive information on the issuer itself and on the characteristics of the Certificates. Certificates are complex instruments whose market value depends on the performance of the underlying asset and could become even lower than the nominal value. The issuer’s payment of any periodic amounts due and the settlement amount is subject to credit risk and bail-in risk. From this it follows that this type of investment has risk profiles that make it unsuitable for all investors. It is therefore appropriate that the potential investor in Certificates, before proceeding with the investment, should gather all the information necessary for the correct assessment of risks and consequent suitability and appropriateness to their own profile, if necessary by contacting their broker and at the same time providing the latter with all the information it may require regarding: knowledge and experience in investment matters, financial situation, investment objectives including risk tolerance. This is intended to allow the intermediary to assess the suitability and appropriateness of the investment to the individual investor’s profile. Investment decisions in the Certificates shall be the sole responsibility of the investor and the consequences of any losses resulting from the investment in the Certificates shall be borne solely by the investor. The Certificates may only be subscribed, purchased or sold through intermediaries authorised to provide investment services. These intermediaries will be solely responsible for receiving and executing orders. The offer and sale are restricted in some states or for residents of some states. The Certificates are issued by Banca Akros, and therefore transactions carried out by Banca Akros on these instruments, as well as by other companies belonging to the Banco BPM Banking Group, constitute transactions in conflict of interest. Before signing up, read the basic prospectus and the KID (Key Information Document) carefully, which are published on the website www.bancaakros.it/certificates. The Base Prospectus is also available at the issuer’s registered office on viale Eginardo, 29 – Milan.
