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Erste Group Warrant LENZING 15.09.2023


ISIN:
AT0000A34VG7
WKN:
EB1EK1
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General attributes

IssuerErste Group Bank AG
Product typeWarrants
CurrencyEUR
TypCALL
Exercise methodamerican
UnderlyingLENZING
Underlying price38.65 EUR
Date2023/09/22 17:35:26
Strike52.4932 EUR
MoneynessOut of the money
Implied volatility218.4030%
Omega11.1403
Multiplier0.1143005
Maturity2023/09/15
Repayment value0.000 EUR

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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Advantages Risks you should be aware of
  • Investors participate disproportionately in the performacne of the underlying.
  • Investors can participate in rising markets.
  • There is no capital guarantee and a total loss of invested capital is possible.
  • If the right to buy or sell the underlying is exercised, the fees and deadlines associated with the transaction are to be considered.
  • Investors bear the risk of the issuer Erste Group Bank AG.
  • This warrant 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 warrant 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.

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General attributes

IssuerErste Group Bank AG
Product typeWarrants
TypCALL
Exercise methodamerican
Stock exchangeSTU, VIE
UnderlyingLENZING
Underlying ISINAT0000644505
Underlying stock exchangeVIE
Underlying currencyEUR
Underlying price38.65 EUR
Date2023/09/22 17:35:26
Strike52.4932 EUR
MoneynessOut of the money
Implied volatility218.4030%
Historical volatility 30 days-
Historical volatility 200 days-
Leverage46.63
Delta0.1206
Omega11.1403
Gamma 0.0028
Vega0.0008
Theta -0.0286
Rho0.0000
Multiplier0.1143005
Issue date2023/05/26
Start price product1.18
Maturity2023/09/15
First trading day2023/05/26
Last trading day2023/09/12
Quantono
CurrencyEUR
Repayment value0.000 EUR

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 %99.00 %
Spread absolute0.10
Spread harmonised0.87
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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Date: 2023/09/22 17:35:26
Underlying Quote
38.65 EUR
Difference -0.26% (-0.10)

General attributes underlying

NameLENZING
ISIN-
Stock exchange (underlying)VIE
Currency (underlying)EUR
Start value underlying55.7000
Price38.65
Time23/09/22 - 17:35:26
Change in %-0.26%
Today high39.30
Today low38.50
High price (52 weeks)67.3673
Low price (52 weeks)37.35


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

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.

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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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.