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Erste Group Subordinated Step-Up Coupon Note 2014-2022


ISIN:
AT0000A17J78

Date: 2019/11/15 18:18:05
Bid Ask
108.122 110.322
Difference 0.00% (0.00)

General attributes

Type of bondErste Group subordinated bonds
Bond stylesubordinated
Issuer typefinancial institution
Country of issueAT
Current coupon3.500%
Coupon stylestep up
Coupon payment date2019/11/30
Coupon payment periodannually
Yield to maturity p.a. (before capital gains tax)-
Value date2014/05/30
Maturity2022/11/30
Repayment value100.00
CurrencyEUR
Minimum unit1,000

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Performance since inception. Performances under 12 month have only little informative value because of the short maturity. Information about previous performance does not guarantee future performance.
Source: Erste Group Bank AG
Advantages Risks you should be aware of

  • interesting, increasing coupons
  • Redemption of 100% at maturity by Erste Group Bank AG, if there is no early redemption due to legal or fiscal changes and if there is no future loss-sharing obligation for investors
  • Redemption of 100 % also in case of early redemption due to legal or fiscal changes if there is no earlier loss-sharing obligation for investors

  • 100 % redemption only at maturity, if there is no early redemption due to legal or fiscal changes or if there is no future loss-sharing obligation for investors. During the term fluctuations are possible and premature sale may lead to capital loss.
  • Possible loss-sharing obligation for investors due to future legal obligations (not known at issue date).
  • Early redemption at 100 % of nominal value by Erste Group Bank AG based on legal or fiscal changes.
  • The investor bears the risk of the issuer (Erste Group Bank AG).

Description

The bond has a maturity of 8.5 years. The coupon is paid annually. The bond offers a step-up coupon of 2 % p.a. to 5 % p.a. (see table payment notes). The bond is redeemed on 31.01.2022 at 100 % of nominal value, if there is no early redemption due to legal or fiscal changes or due to future loss-sharing obligation for investors. In case of early redemption 100 % of nominal value will be redeemed.
Subscription starts 15/05/2014

Payment notes


30.05.2014 (incl.) - 30.11.2014 (excl.)  2.00% p.a.
30.11.2014 (incl.) - 30.11.2015 (excl.)  2.00% p.a.
30.11.2015 (incl.) - 30.11.2016 (excl.)  2.50 %p.a.
30.11.2016 (incl.) - 30.11.2017 (excl.)  2.50% p.a.
30.11.2017 (incl.) - 30.11.2018 (excl.)  3.00% p.a.
30.11.2018 (incl.) - 30.11.2019 (excl.)  3.50% p.a.
30.11.2019 (incl.) - 30.11.2020 (excl.)  4.00% p.a.
30.11.2020 (incl.) - 30.11.2021 (excl.)  4.50% p.a.
30.11.2021 (incl.) - 30.11.2022 (excl.)  5.00% p.a.

Settlement

This bond is redeemed on 31.01.2022 at 100 % of nominal value, if there is no early redemption due to legal or fiscal changes, and if there is no future loss-sharing obligation for investors. In case of early redemption 100 % of nominal value will be redeemed.

Secondary market

During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.

Underlying


Know-How

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