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7.75 % ERSTE Protect Reverse Convertible Bond on Verbund AG (II) 21-22


2021/11/26 07:55:29
Bid Ask
- 100.00
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Price underlying89.20 EUR
Date2021/11/26 17:37:11
Strike Date2021/12/03
Barrier in %80.00%
Distance to barrier-
Distance to barrier in %-
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 7.75 % p.a.
  • Additional risk buffer in case of a falling share price of Verbund AG.
  • Redemption at 100.00 % of nominal amount if the underlying has not touched or broken the barrier (also intraday) or has touched or broken the barrier but quotes at or above the strike price on the valuation date.
  • Erste Group Bank AG will set quotes for this product during the term, nevertheless, is not obliged to it.
  • Earnings are capped at 7.75 % p.a. even if the underlying has 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. 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 bond 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.

2021/11/26 07:55:29
Bid Ask
- 100.00
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Stock exchangeVIE, STU
Underlying ISINAT0000746409
Underlying stock exchangeVIE
Underlying currencyEUR
Price underlying89.20 EUR
Date2021/11/26 17:37:11
Issue date2021/12/06
Barrier in %80.00%
Distance to barrier in %-
Distance to barrier-
Barrier reachedno
Number of share for redemption in shares-
Nominal amount1,000.00

Reverse convertibles | Description

This protect reverse convertible bond refers to the share of Verbund AG (underlying). It has a fixed term (maturity date: 06/12/2022) and a risk buffer (= barrier; "protect"). At maturity investors receive an interest payment of 7.75 % p.a. based on the nominal amount regardless of the performance of the underlying.

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

  1. If the underlying is above the barrier (80.00 % of the strike price) throughout the observation period, 03/12/2021 (excl.) to 29/11/2022 (incl.), investors receive 100.00 % of the nominal amount.

  2. If the underlying is at or below the barrier at least once during the observation period, also intraday, then the barrier is touched or broken. If the closing price of the underlying is at or above the strike price on 29/11/2022 (valuation date), investors still receive 100.00 % of the nominal amount.

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

The issuer and its affiliates may - without being obliged to - act as market maker for the underlying.

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %0.00 %
Spread absolute0.00
Spread harmonised-
High price (52 weeks)100.00
Low price (52 weeks)100.00


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 %-

2021/11/26 07:55:29
Bid Ask
- 100.00
Difference 0.00% (0.00)

Date: 2021/11/26 17:37:11
Underlying Quote
89.20 EUR
Difference -2.19% (-2.00)

General attributes underlying

Stock exchange (underlying)VIE
Currency (underlying)EUR
Start value underlying-
Time21/11/26 - 17:37:11
Today high90.15
Today low88.45
High price (52 weeks)97.45
Low price (52 weeks)56.00

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


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