As dsign discussed, your understanding is correct.
However, I thought it was worth noting that there are still huge advantages for HTTP / 2 on your border connection (i.e. your reverse proxy), since the problems solved by HTTP / 2 (primarily latency) are less significant due to typically shorter, usually high throughput from reverse proxy to content server.
For example, if you have a delay of 100 ms on the reverse proxy at the border and only 1 ms delay between the reverse proxy and the content server, then the fact that the content server says HTTP / 1.1 on the proxy server will probably not have a significant performance impact due to ultrafast 1 ms latency. So the end client (speaking HTTP / 2 with reverse proxy) still sees that the huge performance boasts HTTP / 1.1.
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