RICI® EnhancedSM Heizöl TR ETC
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General Objective
The main objective of this fund is to provide investors with a predetermined claim under specified conditions. The product does not have a fixed term and can be exercised by the investor at any redemption date by submitting a written declaration within the redemption period.
Fund Exposure
This fund is exposed to the RICI® EnhancedSM Heating Oil TR Index as its underlying asset. The fund is denominated in EUR and the reference price is determined by The Royal Bank of Scotland plc. The fund's exposure is focused on the heating oil sector, with the reference price corresponding to the closing price determined by the reference entity on the valuation date.
Risks
While the product is secured in terms of credit risk, it does not offer any capital protection. The redemption amount is subject to daily adjustments based on the reference price, multiplied by the conversion ratio and converted into the currency of the product. Additionally, the fund may be subject to adjustments or early termination in case of certain extraordinary events related to the underlying asset.