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10.50 % ERSTE Protect Multi Österreich 19-21


2021/04/16 15:44:07
Bid Ask
74.75 -
Difference 1.21% (0.90)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Strike Date2019/04/26
Barrier in %60.00%
Barrier reachedyes / 2020/03/09

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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).

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


Underlying Name and ISINCurrencyStrikeBarrierPrice underlyingBarrier distance in %No of shares for redemption

Secondary market

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

2021/04/16 15:44:07
Bid Ask
74.75 -
Difference 1.21% (0.90)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Stock exchangeVIE
Issue date2019/04/29
Barrier in %60.00%
Barrier reachedyes / 2020/03/09
Nominal amount1,000.00

Reverse convertibles | Description

This Protect Multi Reverse Convertible refers to the shares of OMV AG, Raiffeisen Bank International AG and Voestalpine AG (underlyings). The bond has a term of two years (maturity 29/04/2021) and a risk buffer (=barrier; "protect").

Investors receive independently of the performance of the underlyings a fixed coupon of 10.50 % p.a. on the nominal amount (EUR 1,000) on the annual payment dates.

The redemption of the nominal value at maturity depends on the performance of the underlyings:

1. The closing price of all underlyings are always above the barrier (60.00 % of the strike price) throughout the observation period, 26/04/2019 (excl.) to 22/04/2021 (incl.). Investors then receive the nominal amount

2. At least one underlying is at or below its barrier during the observation period. However, on the valuation date all underlyings are at or above their strike price. In this case, investors receive the nominal amount.

3. The barrier was reached or broken by at least one underlying during the observation period and on the valuation date the closing price of at least one underlying is below its strike price. In this case shares of the underlying, which had the worst performance, are delivered according to the ratio. Fractions of a share are settled in cash. 

The issuer and its affiliates may - without being obliged to - act as market maker for the underlying.

Price information

Today open74.35
Today high75.40
Today low74.35
Close (previous day)74.35
Spread in %1.32 %
Spread absolute1.00
Spread harmonised-
High price (52 weeks)79.55
Low price (52 weeks)41.85


Performance YTD in %+12.65%
Performance 1 month in %-1.26%
Performance 6 months in %+56.20%
Performance 1 year in %+34.94%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-

2021/04/16 15:44:07
Bid Ask
74.75 -
Difference 1.21% (0.90)

Date: 2021/04/16 15:42:18
Underlying Quote
43.00 EUR
Difference -0.42% (-0.18)

General attributes underlying

Stock exchange (underlying)VIE
Currency (underlying)EUR
Time21/04/16 - 15:42:18
Start value underlying48.3300
Barrier distance-
Barrier distance in %-
No of shares for redemption20
Today high43.40
Today low42.82
High price (52 weeks)45.52
Low price (52 weeks)18.63

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

Recent research


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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.

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