Description
At maturity (4/12/24), CaixaBank guarantees 100% of the initial investment on 17/2/17 (adjusted for possible voluntary redemptions or transfers) and payment through 31 quarterly mandatory redemptions on the initial/held investment (on 28/2, 30/5, 30/8 and 30/11) from 30/5/17 to 30/11/24, both inclusive, with each payment being a gross amount of 0.0875% in 2017; 0.125% in 2018; 0.175% in 2019; 0.225% in 2020; 0.275% in 2021; 0.325% in 2022; 0.375% in 2023 and 0.45% in 2024.Guaranteed APR of 1.027% for shares subscribed on 17/2/17 and still held on 4/12/24, if there are no extraordinary redemptions. The recommended time horizon is to 4/12/24.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.THIS FUND CAN INVEST 100% OF ITS CAPITAL IN LOW CREDIT QUALITY FIXED INCOME ISSUANCES, SO IT HAS VERY HIGH CREDIT RISK.