Description
Non-guaranteed objective return.The Fund offers 100% of the investment at 12/20/2016 on maturity, following 7 variable, mandatory redemptions related to the 3-month Euribor (3M), on 30 April 2018 to 2024, or following working day, of the investment on 12/20/2016, unless redemptions take place on earlier dates or for different amounts (minimum NON-GUARANTEED objective APR on maturity of 0% and maximum of 1.49%).Each annual redemption will be calculated using the 3M Euribor for the observation date, multiplied by 0.25. If the 3M Euribor is below 0.75%, adds + 0.25% to the index, considering a minimum of 0 % if negative result; and if it is 0,75% or higher, it is replaced by 1.50%.The observation date for the 3M Euribor is two working days prior to each redemption date - 23 April, 23 July, 23 October and 23 January - except for the first period, which will be longer, with the first observation date being two days prior to 23 December 2016.The recommended time horizon is 04/30/2024.The full content of the investment policy can be found in the prospectus and in the key investor information document (KIID) available on the website www.caixabank.es, along with all other legal documentation, and on file with the CNMV (www.cnmv.es)THE FUND DOES NOT HAVE A THIRD-PARTY GUARANTEE AND NEITHER THE CAPITAL INVESTED NOR THE RETURNS ARE GUARANTEED. THE RETURNS AND THE INITIAL INVESTMENT ARE NOT ASSURED SO INVESTORS MAY SUFFER LOSSES.