Look for:

Our offer for

10.75 % ERSTE Protect Healthcare Europe 23-24


ISIN:
AT0000A352X9
WKN:
EB09TW

2023/10/03 16:55:26
Bid Ask
100.20 -
Difference -0.30% (-0.30)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
CurrencyEUR
UnderlyingFRESENIUS SE
MERCK KGAA
SANOFI
Strike Date2023/06/29
Maturity2024/06/30
Coupon10.750%
Barrier in %60.00%
Barrier reachedno

PDF Downloads

Final TermsPDF Download
Key Information DocumentPDF Download


Add underlying
Interactive chart
Our analysts say...


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 underlyingDistance to barrier in %No of shares for redemption
FRESENIUS SE
DE0005785604		EUR24.920014.952028.1746.92%40
MERCK KGAA
DE0006599905		EUR149.600089.7600154.6541.96%6
SANOFI
FR0000120578		EUR97.780058.6680101.6042.26%10
Advantages Risks you should be aware of
  • Investors receive a fixed coupon of 10.75 % 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 make a profit even if underlying prices are slightly falling.
  • The earnings are capped at 10.75 % p.a. even if the underlyings perform better.
  • 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 according to the repayment terms shares are delivered upon maturity, capital loss may occur. Delivered shares cause additional costs (e.g. security deposit fees, transaction fees upon sale).
  • During the term price fluctuations of the bond are possible and premature sales may lead to capital loss. Limited trading of the bond is possible.
  • Investors bear the issuer risk of Erste Group Bank AG, i.e. the risk of changes of the creditworthiness and the risk of insolvency.
  • 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.


2023/10/03 16:55:26
Bid Ask
100.20 -
Difference -0.30% (-0.30)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Stock exchangeVIE, STU
UnderlyingFRESENIUS SE
MERCK KGAA
SANOFI
Issue date2023/06/30
Coupon10.750%
Barrier in %60.00%
Barrier reachedno
Quantono
Nominal amount1,000.00
CurrencyEUR

Reverse convertibles | Description

This protect reverse convertible bond (worst-of) refers to the shares of Fresenius SE & Co KGaA, Sanofi SA and Merck KGaA (underlyings). The bond has a term of one year (maturity 30/06/2024) and a risk buffer (=barrier; "protect").

Investors receive a fixed coupon of 10.75 % 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, 29/06/2023 (excl.) - 24/06/2024 (incl.). In this case investors 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 above the 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 the closing price of at least one underlying is below the strike price on the valuation date. In this case shares of the underlying which had the worst performance (worst-of) are delivered according to the ratio. Fractions of a share are settled in cash.

Price information

Today open101.05
Today high101.20
Today low100.65
Close (previous day)101.00
Spread in %0.99 %
Spread absolute1.00
Spread harmonised-
High price (52 weeks)103.70
Low price (52 weeks)98.50

Performance

Performance YTD in %-
Performance 1 month in %-1.85%
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %+0.70%


2023/10/03 16:55:26
Bid Ask
100.20 -
Difference -0.30% (-0.30)

Date: 2023/10/03 16:55:57
Underlying Quote
28.17 EUR
Difference -0.81% (-0.23)

General attributes underlying

NameFRESENIUS SE
ISINDE0005785604
Stock exchange (underlying)GER
Currency (underlying)EUR
Price28.17
Time23/10/03 - 16:55:57
Start value underlying24.9200
Strike24.9200
Barrier14.9520
Distance to barrier13.22
Distance to barrier in %46.92%
No of shares for redemption40
Today high28.78
Today low28.08
High price (52 weeks)31.22
Low price (52 weeks)19.69
Add barriers
Interactive chart


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 the different types of certificates. The tutorial gives you selected information about the functionality of structured products 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.



Decline
Accept

We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.

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“).

The publication and distribution of information as well as offering and selling of products and services described on the Websites is prohibited by law in some jurisdictions. For this reason, persons in countries in which the publication as well as the offering and selling of products and services described on the Websites are not permitted by law, must not enter the Websites and/or acquire the products displayed on the Websites.

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.