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11.25% Société Générale Protect US Tech Giants 23-24


ISIN:
DE000SH9ZGN8
WKN:
SH9ZGN

Subscription ended

2023/11/22 07:56:43
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerSG Issuer
Product typeReverse convertibles
CurrencyEUR
UnderlyingAPPLE
MICROSOFT
ALPHABET
Strike Date2023/11/28
Maturity2024/12/06
Coupon11.250%
Barrier in %60.00%
Barrier reachedno

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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
APPLE
US0378331005		USD190.4000114.2400189.3739.67%-
MICROSOFT
US5949181045		USD382.7000229.6200378.8539.39%-
ALPHABET
US02079K1079		USD138.620083.1720136.4039.02%-
Advantages Risks you should be aware of
  • Investors receive a fixed coupon of 11.25 % p.a.
  • Additional risk buffer in case of falling prices of the underlyings.
  • Société Générale 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 11.25 % 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 Société Générale S.A., 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 Société Générale S.A. 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.


Subscription ended

2023/11/22 07:56:43
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerSG Issuer
Product typeReverse convertibles
Stock exchangeFRA, STU
UnderlyingAPPLE
MICROSOFT
ALPHABET
Issue date2023/12/01
Coupon11.250%
Barrier in %60.00%
Barrier reachedno
Quantoyes
Nominal amount1,000.00
CurrencyEUR

Reverse convertibles | Description

This protect reverse convertible bond (worst-of) issued by SG Issuer refers to the shares of Apple Inc, Microsoft Corp and Alphabet Inc  (underlyings). The bond has a term of one year (maturity 06/12/2024) and a risk buffer (=barrier; "protect").

Investors receive a fixed coupon of 11.25 % 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, 28/11/2023 (excl.) - 29/11/2024 (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. Since the underlying is quoted in a different currency than the bond, the strike price is converted into the currency of the bond on the basis of the applicable exchange rate on the valuation date. The bond is thereby corrency-hedged ("quanto"). Fractions of a share are settled in cash in EUR.
Information on the product during the term can be found on the issuer's website: https://de.solutions.sgcib.com/ISIN/DE000SH9ZGN8

Price information

Today open101.00
Today high101.00
Today low101.00
Close (previous day)101.00
Spread in %0.00 %
Spread absolute0.00
Spread harmonised-
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 %-


Subscription ended

2023/11/22 07:56:43
Bid Ask
- -
Difference 0.00% (0.00)

Date: 2023/11/29 22:00:00
Underlying Quote
189.37 USD
Difference -0.54% (-1.03)

General attributes underlying

NameAPPLE
ISINUS0378331005
Stock exchange (underlying)NMS
Currency (underlying)USD
Price189.37
Time23/11/29 - 22:00:00
Start value underlying190.4000
Strike190.4000
Barrier114.2400
Distance to barrier75.13
Distance to barrier in %39.67%
No of shares for redemption-
Today high192.09
Today low188.97
High price (52 weeks)198.23
Low price (52 weeks)124.17
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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.



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