Description
On maturity (4.11.24), CaixaBank guarantees 100% of the initial investment at 28.10.16 or the investment still held, with the payment of 8 mandatory annual redemptions of variable amount linked to the 3-month Euribor (every 31/10 from 2017 to 2024, both inclusive), or the following day if this is not a business day, on the initial or held investment. Each redemption will be the average of 4 quarterly observations of the 3-month Euribor (Euribor for October the year before the payment and January, April and July of the year of payment). If the Euribor is less than 0.20%, the rate applied will be 0.20%; if it is greater than or equal to 1%, the rate applied will be 1%. 0.20% minimum guaranteed APR, with a maximum of 1% for subscriptions at 28.10.16 and held to maturity.The recommended time horizon is to 4/11/24.The full investment policy and other legal information can be found in the prospectus and in the key investor information document (KIID), which are available on the website www.caixabank.es, in the CNMV registry and on www.cnmv.es.