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Erste Group Warrant AVAST PLC 18.09.2020


ISIN:
AT0000A2C8F2
WKN:
EB0ZJ4
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Bid Ask
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Difference - (-)

General attributes

IssuerErste Group Bank AG
Product typeWarrants
CurrencyEUR
TypCALL
Exercise methodamerican
UnderlyingAVAST PLC
Underlying price152.60 CZK
Date2020/09/18 16:25:21
Strike130.0000 CZK
MoneynessIn the money
Implied volatility190.6660%
Omega5.2889
Multiplier1.0000000
Maturity2020/09/18

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


Legal note

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. Erste Group Bank AG acts solely in the function as market maker and continues to provide bid and ask prices (but is legally not obliged).

Secondary market

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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Bid Ask
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Difference - (-)

General attributes

IssuerErste Group Bank AG
Product typeWarrants
TypCALL
Exercise methodamerican
Stock exchangeVIE, STU
UnderlyingAVAST PLC
Underlying ISINGB00BDD85M81
Underlying stock exchangePRS
Underlying currencyCZK
Underlying price152.60 CZK
Date2020/09/18 16:25:21
Strike130.0000 CZK
MoneynessIn the money
Implied volatility190.6660%
Historical volatility 30 days-
Historical volatility 200 days-
Leverage5.67
Delta0.9134
Omega5.2889
Gamma 0.1910
Vega0.0007
Theta -0.0279
Rho0.0002
Multiplier1.0000000
Issue date2019/12/23
Start price product0.29
Maturity2020/09/18
First trading day2019/12/23
Last trading day2020/09/16
Quantono
CurrencyEUR

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

Warrants | Description

What are call warrants?
Warrants are securities that transfer the right (but not the obligation) to the holder to buy or sell an underlying instrument (for example, a share). A call warrant gives investors the right to buy the underlying instrument at a later date at for an agreed price (i.e. the strike price). A warrant may be either exercised during the term (American style) or at the end of it (European style). Warrants may be traded on the stock exchange or over the counter.

How do call warrants work?
A call warrant gives investors the right to buy the underlying instrument at a later date for an agreed price. They will only want to exercise this right if the price of the underlying is higher than the strike price (“in the money”). This way investors could buy the underlying instrument from the issuer at the strike price and sell it on at the currently higher price on the stock exchange. If the price of the underlying is at (“at the money”) or below (“out of the money”) the strike price, it does not make sense to exercise the purchase right. In this case investors would lose their invested capital. In practice, instead of the actual delivery of the underlying instrument the transaction tends to be settled in cash by paying the difference between the price of the underlying on the day of exercise and the strike price.

Warrants offer investors the chance to benefit disproportionately from fluctuations in the price of the underlying. This leverage effect is due to the relatively lower capital investment for the purchase of a warrant compared to a direct investment in the underlying.

Price information

Today open-
Today high-
Today low-
Close (previous day)-
Spread in %4.17 %
Spread absolute0.04
Spread harmonised0.04
High price (52 weeks)-
Low price (52 weeks)-

Performance

Performance YTD in %-
Performance 1 month in %-
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


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Bid Ask
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Difference - (-)

Date: 2020/09/18 16:25:21
Underlying Quote
152.60 CZK
Difference -0.26% (-0.40)

General attributes underlying

NameAVAST PLC
ISINGB00BDD85M81
Stock exchange (underlying)PRS
Currency (underlying)CZK
Start value underlying137.0000
Price152.60
Time20/09/18 - 16:25:21
Change in %-0.26%
Today high156.70
Today low152.60
High price (52 weeks)177.00
Low price (52 weeks)79.00


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

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Know-How

In our know-how area you can find all relevant details on warrants. The tutorial gives you selected information about the functionality of warrants and assists you in making your investment decision. In our glossary we explain the most important keywords and within the FAQ section you can find answers to the most common questions concerning this topic.

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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INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Erste Group Bank AG or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites”) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions (the “Interested Party“).

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Neither Erste Group nor any third party shall offer access to the Websites or offer the products to especially, but not limited to citizen/residents of the United States and “U.S. person” (as defined in Regulation S under the US Securities Act 1933 as amended). For this reason, the distribution or redistribution of the information, materials and products into United States or into any other jurisdiction where it is not permitted under the applicable law, as well as to the citizens/residents of these countries shall be prohibited. The securities displayed on the Websites have not been and will not be registered under the US Securities Act of 1933 and trading in the securities has not been approved for purposes of the US Commodities Exchange Act of 1936. For this reason the securities may, inter alia, not be offered, sold or delivered within the United States or, for the account and benefit of U.S. persons.

The Interested Party is solely responsible to examine, whether he may enter the Websites under the law applicable to it. Erste Group shall not be responsible for the distribution of content of any of the Websites to individuals or entities which provide false information about their right to enter the Websites. For this reason Erste Group shall not be liable for any legal claims or damages which may result from the unauthorized entering or reading of the Websites.

By agreeing to this hereto, the Interested Party confirms that
(i) It has read, understood and accepted this Information and the Disclaimer;
(ii) It informed itself about any possible legal restriction and warrants that it is not restricted or prohibited to enter the Websites according to any law applicable; and
(iii) It does not make available the contents of the Websites to any person who is not qualified by law to enter the Websites.