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6.00 % ERSTE Protect Pharma 20-21


ISIN:
AT0000A2JYR1
WKN:
EB0FYE

2020/11/24 17:25:30
Bid Ask
100.60 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
CurrencyEUR
UnderlyingPFIZER
SANOFI
ASTRAZENECA
Strike Date2020/10/29
Maturity2021/10/30
Coupon6.000%
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

Underlyings

Underlying Name and ISINCurrencyStrikeBarrierPrice underlyingBarrier distance in %No of shares for redemption
PFIZER
US7170811035
USD35.280021.168036.6042.16%-
SANOFI
FR0000120578
EUR78.230046.938084.2144.26%-
ASTRAZENECA
GB0009895292
GBp7,876.00004,725.60008,000.0040.93%-
Advantages Risks you should be aware of
  • Investors receive a fixed coupon of 6.00 % 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.
  • Chance to earn a positive return even when underlying prices are slightly falling.
  • The exchange rate of the currency of the protect reverse convertible bond (EUR) and the currency of the underlyings has no direct impact on the redemption amount.
  • The earnings are capped at 6.00 % p.a. even if the underlyings have a better performance.
  • The risk of capital loss depends on the underlying with the worst performance (worst-of). For this product with worst-of structure despite several underlyings there is no risk diversification by spreading the market risk as for a conventional basket product; instead there is a risk concentration.
  • If the closing price of the underlying with the worst performance is below the barrier on the valuation date, capital loss up to total loss of invested capital may occur.
  • 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 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.


2020/11/24 17:25:30
Bid Ask
100.60 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Stock exchangeVIE, STU
UnderlyingPFIZER
SANOFI
ASTRAZENECA
Issue date2020/10/30
Coupon6.000%
Barrier in %60.00%
Barrier reachedno
Quantoyes
Nominal amount1,000.00
CurrencyEUR

Reverse convertibles | Description

This protect reverse convertible bond refers to the shares of Pfizer Inc., AstraZeneca PLC und Sanofi SA (underlyings). The bond has a term of one year (maturity 30/10/2021) and a risk buffer (=barrier; "protect").

Investors receive a fixed coupon of 6.00 % 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 price of all underlyings are always above the barrier (60.00 % of the strike price) during the observation period, 29/10/2020 (excl.) - 25/10/2021 (incl.). In this case investors receive the nominal amount.

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

3. At least one underlying (on basis of closing prices) has touched or broken its barrier during the observation period and the closing price of at least one underlying is below the strike price on the valuation date. In this case, the redemption amount equals the nominal amount multiplied by the performance of the underlying with the worst performance (worst-of). The redemption amount can be lower than the nominal amount or even be zero, but is capped at max. 100.00 % of the nominal amount.

Price information

Today open101.10
Today high101.10
Today low101.10
Close (previous day)101.10
Spread in %0.98 %
Spread absolute1.00
Spread harmonised-
High price (52 weeks)102.60
Low price (52 weeks)98.55

Performance

Performance YTD in %-
Performance 1 month in %+1.10%
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2020/11/24 17:25:30
Bid Ask
100.60 -
Difference 0.00% (0.00)

Date: 2020/11/24 22:10:00
Underlying Quote
36.60 USD
Difference +0.22% (0.08)

General attributes underlying

NamePFIZER
ISINUS7170811035
Stock exchange (underlying)NYS
Currency (underlying)USD
Price36.60
Time20/11/24 - 22:10:00
Start value underlying35.2800
Strike35.2800
Barrier21.1680
Barrier distance15.43
Barrier distance in %42.16%
No of shares for redemption-
Today high36.74
Today low36.02
High price (52 weeks)41.99
Low price (52 weeks)27.88


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

Recent research



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