|Date: 2022/10/05 17:37:41|
|Type of bond||s Wohnbaubank fixed bonds|
|Country of issue||AT|
|Coupon style||step up|
|Coupon payment date||2023/01/16|
|Coupon payment period||annually|
|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.|
|The s Wohnbaubank KMU bond pays interest annually. The amount of interest paid is fixed and thus independent of development of the interest rates in the capital markets. The bond is redeemed at 100% of nominal value at maturity, if there is no conversion. |
Persons who determine their profit by revenue and expense statement or accounting, but also taxpayers who have no operation within the meaning of the Income Tax Act can avail the profit allowance. With the Tax Amendment Act 2014 (BGBl I No. 13/2014) exclusively residential convertible bonds can be used for the investment-related income allowance.
For private investors the annual interest income of up to 4% of s Wohnbau bonds are exempt from capital gains tax (KESt). Thus, the after-tax income is higher than for bonds with similar coupons but without the tax advantage.
You may exchange your s Wohnbau bonds for participation certificates in s Wohnbaubank at a later point in time, should you wish to do so.
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 affilia
Interest payments as following:
|Redemption is on 16/01/2027 at 100 %, if there is no conversion (issuer risk).|
|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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