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ERSTE Airbag Memory Express+ Bond on Daimler AG 19-24


ISIN:
AT0000A278J5
WKN:
EB0FPM

2020/09/29 17:25:50
Bid Ask
94.65 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingDAIMLER AG
Underlying ISINDE0007100000
Underlying currencyEUR
Price underlying45.69 EUR
Date2020/09/29 17:35:23
Strike Date2019/04/17
Maturity2024/04/18
Strike price37.7520 EUR
Coupon/express payment5.500%
Coupon stylevariable
Coupon barrier37.7520 EUR
Coupon barrier in %65.00%
Current redemption barrier52.2720 EUR
Current redemption barrier in %90.00%
Current redemption barrier distance-6.58 EUR
Current redemption barrier distance in %-14.41%
Final redemption barrier37.7520 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance7.94 EUR
Final redemption barrier distance in %17.37%
Nominal amount1,000.00

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Final TermsPDF Download
Key Information DocumentPDF Download


Legal note

This product is no longer publicly offered. The product-specific content published here is for information purposes only for those who are already invested and does not constitute marketing communication. Erste Group Bank AG no longer consents to the use of the prospectus for a public offering of this product by third parties. Purchases and sales are made exclusively on the secondary market. Erste Group Bank AG acts solely in the function as market maker and continues to provide bid and ask prices (but is legally not obliged).


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

Secondary market

During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.

2020/09/29 17:25:50
Bid Ask
94.65 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeVIE, STU
UnderlyingDAIMLER AG
Underlying ISINDE0007100000
Underlying stock exchangeGER
Underlying currencyEUR
Price underlying45.69 EUR
Date2020/09/29 17:35:23
Issue date2019/04/18
Strike Date2019/04/17
Maturity2024/04/18
Strike price37.7520 EUR
Coupon/express payment5.500%
Coupon stylevariable
Coupon barrier37.7520 EUR
Coupon barrier in %65.00%
Current redemption barrier52.2720 EUR
Current redemption barrier in %90.00%
Current redemption barrier distance-6.58 EUR
Current redemption barrier distance in %-14.41%
Final redemption barrier37.7520 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance7.94 EUR
Final redemption barrier distance in %17.37%
No of shares for redemption26
Nominal amount1,000.00
Quantono
First trading day2019/04/18
Last trading day2024/04/11

Express bonds | Description

This Memory Express Bond refers to the share of Daimler AG (underlying). It offers an interest payment which depends on the performance of the underlying. The bond has a term of five years, if there is no early redemption. The redemption at maturity depends on the closing price of the underlying on the final valuation date.

Interest payments: Interest of 5.50 % on the nominal amount is paid on the annual interest payment dates (18/04), if the closing price of the underlying at the respective valuation date is at or above the coupon barrier (65.00 % of the closing price of the underlying on 17/04/2019). Otherwise, there is no interest payment. If the interest payment has not been triggered at one or several interest payment dates but has been triggered at a later interest payment date, the interest payments of the earlier periods are paid retrospectively (memory function).

Redemption: The bond will be redeemed on 18/04/2024 if there is no automatic early redemption. There is an automatic early redemption, if the closing price of the underlying is at or above the current redemption barrier on one of the valuation dates (09/04/2020, 12/04/2021, 08/04/2022, 11/04/2023). The respective current redemption barrier is in the 1st year 95.00 % of the closing price of the underlying on 17/04/2019, 90.00 % in the 2nd year, 85.00 % in the 3rd year and 80.00 % in the 4th year. In this case investors receive the respective early redemption amount and the respective interest amount due at this time.

If there is no early redemption the bond will be redeemed at maturity as follows:

1. If the closing price of Daimler AG on the final valuation date (11/04/2024) is at or above the final redemption barrier, the bond is redeemed at 100,00 % of the nominal amount (plus the relevant interest amount);

2. If the closing price of Daimler AG on the final valuation date is below the final redemption barrier, investors receive shares of the underlying. Due to the lower strike price of 65.00 % (= 35.00 % airbag) of the closing price of the underlying on 17/04/2019 a predetermined higher number of shares (defined by the ratio) of the underlying is delivered. Fractions of shares are settled in cash. Furthermore, there is no interest payment at maturity.

Price information

Today open95.40
Today high95.40
Today low95.40
Close (previous day)95.40
Spread in %0 %
Spread absolute-
Spread harmonised-
High price (52 weeks)102.60
Low price (52 weeks)43.80

Performance

Performance YTD in %-5.45%
Performance 1 month in %+2.36%
Performance 6 months in %+45.10%
Performance 1 year in %+0.42%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2020/09/29 17:25:50
Bid Ask
94.65 -
Difference 0.00% (0.00)

Date: 2020/09/29 17:35:23
Underlying Quote
45.69 EUR
Difference -0.40% (-0.19)

General attributes underlying

NameDAIMLER AG
ISINDE0007100000
Stock exchange (underlying)GER
Currency (underlying)EUR
Start value underlying58.0800
Price45.69
Time20/09/29 - 17:35:23
Change in %-0.40%
Today high45.785
Today low45.11
High price (52 weeks)54.50
Low price (52 weeks)21.015


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

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