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CS Fix Kupon Express Anleihe auf Erste Group Bank AG IV 20-25


ISIN:
DE000CS8EBP6
WKN:
CS8EBP

2020/02/07 08:06:16
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerCredit Suisse AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
UnderlyingERSTE GROUP
Underlying ISINAT0000652011
Underlying currencyEUR
Price underlying24.83 EUR
Date2020/06/05 17:35:22
Strike Date2020/02/19
Maturity2025/02/21
Strike price35.1500 EUR
Coupon/express payment4.000%
Coupon stylefix
Current redemption barrier35.1500 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-10.32 EUR
Current redemption barrier distance in %-41.56%
Final redemption barrier17.5750 EUR
Final redemption barrier in %50.00%
Final redemption barrier distance7.26 EUR
Final redemption barrier distance in %29.22%
Nominal amount1,000.00

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Final TermsPDF 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
  • Fixed earnings of 4.00 % per year.
  • From the 2nd year onwards possible early redemption at 100.00 % of nominal amount.
  • Risk buffer (final-redemption-barrier of 50.00 %) against falling prices of Erste Group Bank AG.
  • A fall of the underlying price below the barrier during the term has no influence on the redemption at the end of the 5th year, relevant is only the price on last valuation date.
  • Credit Suisse Securities, Sociedad De Valores, S.A., Madrid will set quotes for this product during the term on Reuters without being legally obliged to do so.
  • If the closing price of Erste Group Bank AG is below the barrier (50.00 %) on the final valuation date, there are losses for the investors. A total loss of invested capital is possible.
  • Investors bear the risk of the issuer Credit Suisse AG.
  • The earnings are capped at 20.00 %, even if the underlying performs better.
  • During the term the bond price will not vary 1:1 with the underlying and premature sale may lead to capital loss.
  • This express bond is not covered by any deposit guarantee scheme. Investors are exposed to the risk that Credit Suisse AG may not be able to meet its obligations arising from the express 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.

2020/02/07 08:06:16
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerCredit Suisse AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
Stock exchangeFRA
UnderlyingERSTE GROUP
Underlying ISINAT0000652011
Underlying stock exchangeVIE
Underlying currencyEUR
Price underlying24.83 EUR
Date2020/06/05 17:35:22
Issue date2020/02/21
Strike Date2020/02/19
Maturity2025/02/21
Strike price35.1500 EUR
Coupon/express payment4.000%
Coupon stylefix
Current redemption barrier35.1500 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-10.32 EUR
Current redemption barrier distance in %-41.56%
Final redemption barrier17.5750 EUR
Final redemption barrier in %50.00%
Final redemption barrier distance7.26 EUR
Final redemption barrier distance in %29.22%
No of shares for redemption28
Nominal amount1,000.00
Quantono
First trading day2020/02/21
Last trading day2025/02/19

Express bonds | Description

This express bond issued by Credit Suisse AG refers to the share of Erste Group Bank AG. Regardless of the performance of the underlying, there is an annual interest payment of 4.00 % p.a. The bond will be redeemed on 21/02/2025 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 strike price on one of the valuation dates (21/02/2022, 20/02/2023, 19/02/2024). In this case investors receive the respective early redemption amount of 100.00 % on the early repayment date.

If the express bond has not been redeemed early, there are two possibilities at maturity:

1. If the closing price of Erste Group Bank AG is at or above the final-redemption-barrier on the last valuation date (19/02/2025), investors receive the nominal amount (EUR 1,000) plus the interest payment of 4.00 % p.a. for the last year.

2. If the closing price of Erste Group Bank AG is below the final-redemption-barrier on the last valuation date, then investors receive a predetermined number of shares of the underlying according to the ratio (nominal amount / strike price). In addition the interest of 4.00 % p.a. for the final year is paid. Fractions of shares are settled in cash. In this case there is a capital loss up to total loss of invested capital.

Information on the product during the term can be found on the issuer's website: https://derivative.credit-suisse.com/at/at/en/detail/cs-fix-kupon-express-anleihe-auf-erste-group-bank-ag-IV-20-25/DE000CS8EBP6/CS8EBP

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %0 %
Spread absolute-
Spread harmonised-
High price (52 weeks)100.00
Low price (52 weeks)100.00

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 %-


2020/02/07 08:06:16
Bid Ask
- -
Difference 0.00% (0.00)

Date: 2020/06/05 17:35:22
Underlying Quote
24.83 EUR
Difference +8.33% (1.91)

General attributes underlying

NameERSTE GROUP
ISINAT0000652011
Stock exchange (underlying)VIE
Currency (underlying)EUR
Start value underlying35.1500
Price24.83
Time20/06/05 - 17:35:22
Change in %8.33%
Today high25.07
Today low23.17
High price (52 weeks)35.80
Low price (52 weeks)15.22


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

Recent Research

Date Headline Download
2020/05/04 de Equity Weekly PDF Download
2020/02/28 de Equity Weekly PDF Download
2019/10/31 de Equity Weekly PDF Download
2019/08/02 de Equity Weekly PDF Download
2019/06/28 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). For this reason, the distribution or redistribution of the information, materials and products into United States 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.