Description
CaixaBank guarantees that, at maturity (19.12.25), the fund will return 100% of the initial investment at 7.04.17 or the investment still held, with the payment of 9 mandatory annual redemptions of variable amount linked to the 3-month Euribor (on 18/12 from 2017 to 2025, both inclusive) applied to the initial or held investment. Each redemption will be the average of 4 quarterly observations of the 3-month Euribor, with a minimum and a maximum for each observation (3 observations in the first year). In 2017, 2018 and 2019, if the Euribor is less than 0.65%, the rate used will be 0.65%; in 2020, 2021 and 2022, if the Euribor is less than 0.40%, the rate used will be 0.40%; in 2023, 2024 and 2025, if the Euribor is less than 0.20%, the rate used will be 0.20%. Every year, if the 3-month Euribor is higher than 3%, the rate used will be 3%.The minimum guaranteed APR is 0.43% and the maximum 3.12% for investments as of 7.04.17 that are held to maturity, if there are no voluntary redemptions or transfers. The recommended time horizon is to 19/12/25.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.THIS FUND CAN INVEST 75% OF ITS CAPITAL IN LOW CREDIT QUALITY ISSUANCES, SO IT HAS VERY HIGH CREDIT RISK.