Description
At maturity (16/05/25), CaixaBank guarantees 100% of the initial investment (26/04/19) held plus the annual payment of 0.15% gross on the initial or held investment, through mandatory redemptions on 15/05/20, 17/05/21, 16/05/22, 15/05/23, 15/05/24 and 15/05/25. On each annual observation date, if the final value of each of the shares (AXA, Repsol and Orange) is equal to or higher than 100% of its initial value, an additional 0.7% will be paid. No payment will be made in the year if this condition is not met. If the condition is met in a subsequent year, 0.7% will be paid plus the additional annual amounts not previously paid. The shares belong to different sectors and may behave differently.Guaranteed minimum APR of 0.149% and maximum of 0.841% for subscriptions at 26/04/19 held to maturity, if there are no voluntary redemptions or transfers. The guarantee will be reduced proportionally if there are any voluntary redemptions or transfers. Significant losses may result. The recommended time horizon is to 16/05/25.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 FIXED INCOME ISSUANCES, SO IT HAS VERY HIGH CREDIT RISK.