Description
Non-guaranteed objective return.The Fund offers 100% of the investment at 09/07/2016 on maturity, following 8 variable, mandatory redemptions related to the 3-month Euribor (3M), on 31 October 2017 to 2024, or following working day, of the investment on 09/07/2016, unless redemptions take place on earlier dates or for different amounts (minimum NON-GUARANTEED objective APR on maturity of 0.25% and maximum of 3.98%).Each annual redemption will be calculated using the 3M Euribor for the observation date, multiplied by 0.25. If the 3M Euribor is below 0.25%, a value of 0.25% will be used, and if it is 4% or higher, 4% will be used.The observation date for the 3M Euribor is two working days prior to each redemption date - 25 October, 25 January, 25 April and 25 July - except for the first period, which will be longer, with the first observation date being two days prior to 13 September 2016.The recommended time horizon is 10/31/2024.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. PERIODIC PAYMENTS ARE REDEMPTIONS, MEANING THEY ARE NOT ADJUSTED TO THE RETURNS OBTAINED BY THE FUND. THEREFORE THE INVESTOR MAY SUFFER LOSSES EVEN WHEN RECEIVING PERIODIC PAYMENTS.