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Erste Group Turbo long E-mini S&P 500 Open end


ISIN:
AT0000A2HSD7
WKN:
-

2023/06/02 16:48:57
Bid Ask
70.62 70.80
Difference 5.90% (3.94)

General attributes

IssuerErste Group Bank AG
Product typeTurbos
Long/ Shortlong
CurrencyRON
UnderlyingE-mini S&P 500
Current underlyingE-Mini S&P 500 JUN23
Price underlying4,303.25 USD
Date2023/06/05 19:05:00
Strike2,751.4027 USD
Strike distance in %36.07%
Barrier2,851.4027 USD
Distance to barrier1,452.60 USD
Distance to barrier in %33.75%
Knocked outno
Pay back value-
Leverage2.81
Multiplier0.0100000
Last rollover2023/03/14
Expected next rollover2023/06/13
MaturityOpen end

The calculation of the key figures is based on the most recently delivered price of the underlying (see date/time stamp in tab underlying).

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Final termsPDF Download
Key Information DocumentPDF Download


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Our analysts say...


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
  • Investors have disproportionate return potential with little capital investment due to the leverage effect.
  • Investors can participate on rising prices.
  • The influence of time value and volatility is very low.
  • There is no capital guarantee and a total loss of invested capital is possible.
  • The leverage effect may cause disproportionately high losses.
  • Investors bear the risk of the issuer Erste Group Bank AG.
  • This Turbo is not covered by any deposit guarantee scheme. Investors are exposed to the risk that Erste Group Bank AG may not be able to meet its obligations arising from the Turbo in the event of insolvency or over-indebtedness or from an official order (bail-in regime). A total loss of invested capital is possible.

Secondary market

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

2023/06/02 16:48:57
Bid Ask
70.62 70.80
Difference 5.90% (3.94)

General attributes

IssuerErste Group Bank AG
Product typeTurbos
Long/ Shortlong
Stock exchangeBUH, VIE
UnderlyingE-mini S&P 500
Current underlyingE-Mini S&P 500 JUN23
Underlying ISIN-
Underlying stock exchangeCME
Underlying currencyUSD
Price underlying4,303.25 USD
Date2023/06/05 19:05:00
Strike2,751.4027 USD
Strike distance in %36.07%
Barrier2,851.4027 USD
Distance to barrier1,452.60 USD
Distance to barrier in %33.75%
Knocked outno
Pay back value-
Leverage2.81
Multiplier0.0100000
Start price product31.38
CurrencyRON
Issue date2020/07/28
Last rollover2023/03/14
Expected next rollover2023/06/13
First trading day2020/07/28
Last trading dayOpen end
MaturityOpen end
Quantono

The calculation of the key figures is based on the most recently delivered price of the underlying (see date/time stamp in tab underlying).

Turbos | Description

What are Turbos Long?
Turbos allow investors to participate on market fluctuations of the underlying. Turbos Long benefit from rising prices of the underlying. The unlimited earning potential, however, is offset by the risk of total loss if the barrier is hit. For a Turbo Short this barrier is set above the initial price of the underlying at the time of issue. There are Turbos with a certain term and turbos with an indefinite term ("open-end Turbos").

How do Turbos Long work?
Turbos offer an inbuilt leverage effect. The price movements of the underlying are reflected relatively independent of volatility. If the price of the underlying instrument rises, the price of the Turbo Long rises according to the chosen leverage at a disproportionate level. The leverage effect results from the lower purchase price of a Turbo compared to the direct investment in the underlying. The lower the purchase price of the Turbo, the bigger the leverage. Turbos have a strike (base) price and a barrier. The intrinsic value of the Turbo is the difference of the share price and the strike price (Turbo Long).

Price information

Today open68.85
Today high70.77
Today low68.71
Close (previous day)66.77
Spread in %0.25 %
Spread absolute0.18
Spread harmonised18.00
High price (52 weeks)82.17
Low price (52 weeks)44.71

Performance

Performance YTD in %+29.91%
Performance 1 month in %+13.81%
Performance 6 months in %+6.41%
Performance 1 year in %+0.99%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %+125.33%


2023/06/02 16:48:57
Bid Ask
70.62 70.80
Difference 5.90% (3.94)

Date: 2023/06/05 19:05:01
Underlying Quote
4,303.00 USD
Difference +0.35% (15.00)

General attributes underlying

NameE-mini S&P 500
ISIN-
Stock exchange (underlying)CME
Currency (underlying)USD
Start value underlying3,245.2500
Current underlyingE-Mini S&P 500 JUN23
Last rollover2023/03/14
Expected next rollover2023/06/13
Price4,303.00
Time23/06/05 - 19:05:01
Change in %0.35%
Today high4,305.75
Today low4,280.50
High price (52 weeks)4,382.75
Low price (52 weeks)3,580.00
Interactive chart


Information about previous performance does not guarantee future performance.
Source: FactSet


Notice on chart (only applicable for future as underlying)

The chart displays the performance of the future currently serving as underlying. The underlying changes monthly or quarterly, as shortly before the future expires there is a roll-over in the next due future. Therefore, the price history in the chart solely represents the current future underlying.

Know-How

In our know-how area you can find all relevant details on the different types of certificates. The tutorial gives you selected information about the functionality of structured products and assists you in making your investment decision.

Contact

Do you have any further questions which are not covered in our know-how area? Please ask directly our product specialists via our contact form.

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