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10.00 % ERSTE Protect Reverse Convertible on ams AG 19-20


ISIN:
AT0000A26BT8
WKN:
EB0FNM

2019/11/13 11:25:02
Bid Ask
103.21 -
Difference -0.03% (-0.03)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
CurrencyEUR
UnderlyingAMS
Price underlying40.70 EUR
Date2019/11/13 10:56:46
Strike Date2019/03/04
Maturity2020/03/05
Coupon10.000%
Strike28.9400 EUR
Barrier14.4700 EUR
Barrier in %50.00%
Barrier distance26.23 EUR
Barrier distance in %64.45%
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
Advantages Risks you should be aware of

  • Investors receive a fixed coupon of 10.00 % p.a.
  • Additional risk buffer of 50.00 % in case of a falling share price of the underlying.
  • Chance to earn a positive return even if the underlying is slightly falling.
  • Erste Group Bank AG will set quotes for this product during the term, nevertheless, is not obliged to it.

  • As the reverse convertible relates to the shares in EUR listed at Vienna Stock Exchange, there is a foreign exchange risk. If the CHF devaluates, this has a negative impact on the risk profile of this reverse convertible.
  • Profit is capped at 10.00 % p.a. even if the underlying shows a better performance.
  • In the event that shares are delivered upon maturity, capital loss up to total loss of invested capital is possible and additional costs arise (e.g. security 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 Protect 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 protect 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.


2019/11/13 11:25:02
Bid Ask
103.21 -
Difference -0.03% (-0.03)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Stock exchangeVIE
UnderlyingAMS
Underlying ISINAT0000A18XM4
Underlying stock exchangeVIE
Underlying currencyEUR
Price underlying40.70 EUR
Date2019/11/13 10:56:46
Issue date2019/03/05
Coupon10.000%
Strike28.9400 EUR
Barrier14.4700 EUR
Barrier in %50.00%
Barrier distance in %64.45%
Barrier distance26.23 EUR
Barrier reachedno
Number of share for redemption in shares34
Quantono
Nominal amount1,000.00
CurrencyEUR

Reverse convertibles | Description

This Protect Reverse Convertible refers to the share of ams AG (underlying). It has a fixed term (maturity date: 05/03/2020) and a risk buffer (= barrier; "protect"). At maturity investors receive an interest payment of 10.00 % p.a. based on the nominal amount (1,000 EUR) regardless of the performance of the underlying.

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

1. The underlying is above the barrier (50.00 % of the strike price) throughout the observation period. 04/03/2019 (excl.) to 02/03/2020 (incl.). Then investors receive the nominal amount.

2. The underlying is at or below the barrier during the observation period. However, the underlying is at or above the strike price on the valuation date. Then investors receive the nominal amount.

3. The barrier is touched or broken during the observation period and the closing price of the underlying is below the strike price on the valuation date. Then investors receive shares according to the ratio (nominal amount / strike price). Fractions of shares are settled in cash.

This reverse convertible refers to the ams AG shares listed on Vienna Stock Exchange in EUR. The main stock exchange of ams AG is SIX Swiss Exchange in CHF. Due to the much higher liquidity at the main exchange price fluctuations there influence the price in EUR at Vienna Stock Exchange. 

Price information

Today open103.74
Today high103.74
Today low103.71
Close (previous day)103.74
Spread in %0.96 %
Spread absolute1.00
Spread harmonised-
High price (52 weeks)106.82
Low price (52 weeks)90.35

Performance

Performance YTD in %-
Performance 1 month in %-0.85%
Performance 6 months in %-2.35%
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2019/11/13 11:25:02
Bid Ask
103.21 -
Difference -0.03% (-0.03)

Date: 2019/11/13 10:56:46
Underlying Quote
40.70 EUR
Difference -2.40% (-1.00)

General attributes underlying

NameAMS
ISINAT0000A18XM4
Stock exchange (underlying)VIE
Currency (underlying)EUR
Start value underlying28.9400
Price40.70
Time19/11/13 - 10:56:46
Today high41.75
Today low40.70
High price (52 weeks)52.32
Low price (52 weeks)16.10


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

Recent research


Date Headline Download
2019/10/25 de Equity Weekly PDF Download
2019/10/21 de Equity Weekly PDF Download
2019/10/11 de Equity Weekly PDF Download
2019/09/27 de Equity Weekly PDF Download
2019/09/20 de Equity Weekly PDF Download


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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), citizen/resident of Australia, Canada, Great Britain and Japan. For this reason, the distribution or redistribution of the information, materials and products into United States, Australia, Canada, Great Britain and Japan 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.