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7.50 % Reverse Convertible on SAP SE 19-20


2020/02/21 17:29:30
Bid Ask
99.40 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Price underlying126.16 EUR
Date2020/02/21 17:35:06
Strike Date2019/02/28
Strike94.2000 EUR

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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
Advantages Risks you should be aware of
  • Investors receive a fixed coupon of 7.50 % p.a.
  • Investors profit even if the underlying share price will remain level.
  • If the closing price of the shares on the observation day lies at or above the strike price, redemption is at 100 % of the nominal value.
  • Erste Group Bank AG will set quotes for this product during the term, nevertheless, is not obliged to it.

  • The earnings are capped at max. 7.50 % p.a., even if the underlying shows a better performance.
  • By an allocation of shares, the value of the shares is less than the face value of the bond, therefore a significant loss can occur. A total loss of invested capital is possible.
  • Delivered shares cause additional costs (e.g. deposit fees, transaction fees upon sale).
  • During the term fluctuations are possible and premature sale may lead to capital loss. Limitation of trading of this reverse convertible is possible.
  • This Reverse Convertible 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 Reverse Convertible 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.

Legal note

The content on this page is for informational purposes only for existing investors. This product is not offered for subscription and is not a public offering.

2020/02/21 17:29:30
Bid Ask
99.40 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Stock exchangeVIE, STU
Underlying ISINDE0007164600
Underlying stock exchangeGER
Underlying currencyEUR
Price underlying126.16 EUR
Date2020/02/21 17:35:06
Issue date2019/02/28
Strike94.2000 EUR
Number of share for redemption in shares10
Nominal amount1,000.00

Reverse convertibles | Description

This Reverse Convertible refers to the share of SAP SE (underlying). It has a fixed term, the maturity date is 28/02/2020. At maturity investors receive an interest payment of 7.50 % p.a. based on the nominal value (1,000 EUR), regardless of the development of the underlying.

The repayment of the nominal value depends on the performance of the underlying.

1. The underlying is at or above the strike price on the valuation date. Then investors receive the nominal amount.

2. The underlying is below the strike price on the valuation date. Then investors receive shares of SAP SE according to the ratio (nominal amount / strike price). Fractions of the underlying are settled in cash.

Price information

Today open99.90
Today high99.90
Today low99.90
Close (previous day)99.90
Spread in %1.00 %
Spread absolute1.00
Spread harmonised-
High price (52 weeks)105.11
Low price (52 weeks)99.05


Performance YTD in %-1.77%
Performance 1 month in %-0.91%
Performance 6 months in %-3.04%
Performance 1 year in %-0.10%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-

2020/02/21 17:29:30
Bid Ask
99.40 -
Difference 0.00% (0.00)

Date: 2020/02/21 17:35:06
Underlying Quote
126.16 EUR
Difference -1.28% (-1.64)

General attributes underlying

Stock exchange (underlying)GER
Currency (underlying)EUR
Start value underlying94.2000
Time20/02/21 - 17:35:06
Today high128.36
Today low125.36
High price (52 weeks)129.60
Low price (52 weeks)92.60

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

Recent research


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