|Date: 2022/09/30 09:01:27|
|Type of bond||s Wohnbaubank variable bonds|
|Country of issue||AT|
|Coupon payment date||2022/10/07|
|Coupon payment period||quarterly|
|Yield to maturity p.a. (before capital gains tax)||-|
|This product is no longer publicly offered. The product-specific content published here is for information purposes only for those who are already invested and does not constitute marketing communication. Erste Group Bank AG no longer consents to the use of the prospectus for a public offering of this product by third parties. Purchases and sales are made exclusively on the secondary market.|
|This Variable step interest s Wohnbau bond pays the interest quarterly. The amount of interest paid is based on the development of the interest rates in the money market (3-month-EURIBOR). Additionally, there is a floor and a cap. Interest income from residential convertible bonds of up to 4 % is exempt from capital withholding tax. |
Conflicts of interest
Erste Group Bank AG or affiliated companies (collectively "Erste Group") are involved in the share capital of s Wohnbaubank AG. Furthermore employees of Erste Group are in the Supervisory Board of s Wohnbaubank AG. The interests of the Erste Group and those of the bondholders may differ. Erste Group may from time to time have business relationships (e.g. investment, consulting and financial transactions) as part of the ordinary course of business, which may have negative effects on the development of the price of this convertible bond of s Wohnbaubank AG. Erste Group Bank AG is an affiliated company to the intermediary Sparkassen and Erste Bank der oesterreichischen Sparkassen AG.
|The interest payment equals 3-month-EURIBOR, min./max. coupon as follows:|
07.01.2015 - 06.04.2020: min. 0.75 % p.a., max. 1.50 % p.a.
07.04.2020 - 06.04.2025: min. 1.25 % p.a., max. 2.00 % p.a.
07.04.2025 - 06.04.2030: min. 1.50 % p.a., max. 2.50 % p.a.
Interest is paid quarterly on 07.01., 07.04., 07.07. and 07.10. of each year, the first interest payment is on 07.04.2015.
|Redemption is on 07.04.2030 at 100 %, if there is no conversion.|
|During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.|
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