1Y Barrier Reverse Convertible on SPDR Gold Trust ETF & iShares Silver Trust ETF with 9.00% p.a. coupon in EUR

Gold and silver continue to benefit from geopolitical uncertainty, strong central bank demand, and the prospect of lower interest rates. While gold serves as a traditional safe-haven asset, silver offers additional exposure to long-term growth themes such as electrification and solar energy.

A Barrier Reverse Convertible on gold and silver enables investors to participate in this constructive backdrop while targeting an attractive conditional coupon. The structure is particularly suitable for investors with a neutral to moderately positive view on precious metals who do not necessarily require strong price appreciation to achieve an attractive return.

Key arguments:

Exposure to two complementary precious metals.
Supportive macro environment with geopolitical and monetary tailwinds.
Silver benefits from growing industrial demand.
Attractive conditional coupon potential, even in range-bound markets.
Barrier feature provides conditional downside protection at maturity.

Conclusion: For investors seeking yield and exposure to precious metals, a Gold & Silver Barrier Reverse Convertible offers an attractive risk-return profile in an environment where both metals remain supported by structural and macroeconomic factors.