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9.25 % ERSTE Protect Multi Wind Energy 19-20


2019/10/16 08:11:09
Bid Ask
- 100.00
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Strike Date2019/10/30
Barrier in %60.00%
Barrier reachedno

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Final TermsPDF Download
Key Information DocumentPDF Download

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
Advantages Risks you should be aware of
  • Investors receive a fixed coupon of 9.25 % p.a.
  • Additional risk buffer of 40.00 % in case of falling prices of the underlyings.
  • Erste Group Bank AG will set quotes for this product during the term, but is not obliged to.
  • The exchange rate of the currency of the bond (EUR) and the currency of the underlyings has no direct impact on the redemption amount.
  • The earnings are capped at 9.25 % p.a. even if the underlyings have a better performance.
  • In case the redemption is below 100.00 % of the nominal amount, capital loss may occur.
  • The risk of capital loss depends on the underlying with the worst performance, even if the basket in total or some underlyings in the basket have a positive performance. There is no risk diversification despite several underlyings in the basket.
  • During the term price fluctuations of the bond are possible and premature sales may lead to capital loss. Limited trading of the product is possible.
  • This protect multi reverse convertible bond 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 bond 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.

2019/10/16 08:11:09
Bid Ask
- 100.00
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Stock exchangeVIE, STU
Issue date2019/10/31
Barrier in %60.00%
Barrier reachedno
Nominal amount1,000.00

Reverse convertibles | Description

This protect multi reverse convertible bond refers to the shares of Vestas Wind Systems A/S, Nordex SE and Siemens Gamesa Renewable Energy S.A. (underlyings). The bond has a term of one year (maturity 31/10/2020) and a risk buffer (=barrier; "protect").

Investors receive a fixed coupon of 9.25 % p.a. on the nominal amount upon maturity regardless of the performance of the underlyings. The redemption of the nominal amount at maturity depends on the performance of the underlyings:

1. The closing prices of all underlyings are always above the barrier (60.00 % of the strike price) during the observation period, 30/10/2019 (excl.) - 26/10/2020 (incl.). In this case investors receive the nominal amount.

2. At least one underlying is at or below its barrier during the observation period. Then the redemption amount equals the nominal amount multiplied by the performance of the underlying which had the worst performance. In this case the redemption amount can be below the nominal amount or even be zero, whereas the maximum amount for redemption is 100.00 % of the nominal amount.

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %0 % %
Spread absolute0.00
Spread harmonised-
High price (52 weeks)100.00
Low price (52 weeks)100.00


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 %-

2019/10/16 08:11:09
Bid Ask
- 100.00
Difference 0.00% (0.00)

Date: 2019/10/16 17:09:59
Underlying Quote
524.00 DKK
Difference -2.96% (-16.00)

General attributes underlying

Stock exchange (underlying)CPH
Currency (underlying)DKK
Time19/10/16 - 17:09:59
Start value underlying-
Barrier distance-
Barrier distance in %-
No of shares for redemption-
Today high541.00
Today low518.40
High price (52 weeks)615.80
Low price (52 weeks)395.80

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

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