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Erste Group Memory Express Note on Ferrari N.V. (II) 2017-2022


ISIN:
AT0000A1YG57
WKN:
EB0FCU
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Bid Ask
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General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingFERRARI
Underlying ISINNL0011585146
Underlying currencyEUR
Price underlying151.05 EUR
Date2019/11/15 17:38:01
Strike Date2017/10/27
Maturity2019/10/30
Strike price99.8000 EUR
Coupon/express payment6.350%
Coupon stylevariable
Coupon barrier64.8700 EUR
Coupon barrier in %65.00%
Current redemption barrier99.8000 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance51.25 EUR
Current redemption barrier distance in %33.93%
Final redemption barrier64.8700 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance86.18 EUR
Final redemption barrier distance in %57.05%
Nominal amount1,000.00

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Final TermsPDF Download


Advantages Risks you should be aware of

  • Chance to earn 6.35 % for each year.
  • Possible early redemption at 100 % of nominal value.
  • If there was no early redemption and if there was no interest payment during the term, redemption is at 100 % plus 31.75 % at the end of the 5th year, if the closing price of the underlying is at or above the final-redemption-barrier on the last observation day.
  • Risk buffer (final-redemption-barrier of 65.00 %) compared to a direct investment in the Ferrari N.V. share. A fall of the share price below the barrier during the term has no influence on the redemption at the end of the 5th year, relevant is only the closing price on the last observation day.
  • Erste Group Bank AG will set quotes during the term without being legally obliged to do so.

  • The investor bears the risk of the issuer Erste Group Bank AG.
  • During the term the bond price will not vary 1:1 with the underlying and premature sale may lead to capital loss.
  • The earnings are capped at 31.75 %, even if the underlying performs better.
  • If the closing price of the underlying is below the final-redemption-barrier on the last observation day, there are losses for the investor. A total loss of invested capital is possible.
  • This Memory Express Bond is not covered by any deposit guarantee scheme. The investor is exposed to the risk that Erste Group Bank AG may not be able to meet its obligations arising from the Memory 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.

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.

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General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeVIE, STU
UnderlyingFERRARI
Underlying ISINNL0011585146
Underlying stock exchangeMIL
Underlying currencyEUR
Price underlying151.05 EUR
Date2019/11/15 17:38:01
Issue date2017/10/30
Strike Date2017/10/27
Maturity2019/10/30
Strike price99.8000 EUR
Coupon/express payment6.350%
Coupon stylevariable
Coupon barrier64.8700 EUR
Coupon barrier in %65.00%
Current redemption barrier99.8000 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance51.25 EUR
Current redemption barrier distance in %33.93%
Final redemption barrier64.8700 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance86.18 EUR
Final redemption barrier distance in %57.05%
No of shares for redemption10
Nominal amount1,000.00
Quantono
First trading day2017/10/30
Last trading day-

Express bonds | Description

This Memory Express Bond refers to the share of Ferrari N.V. (underlying). It offers an interest payment which depends on the performance of the underlying. The bond has a maturity 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: The investor receives an interest payment of 6.35 % on the nominal amount on the annual interest payment dates (30/10), if the closing price of the underlying at the respective valuation date is at or above the coupon barrier (65.00% of the strike price). 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.

Redemption: If the closing price of the underlying is at or above the redemption barrier at one of the valuation dates the bond will be early redeemed at 100.00% of the nominal value at the successive early redemption date. This redemption includes the interest amount up to this date.

If no early redemption occurs the bond will be redeemed at maturity (30/10/2022) as follows:
(a) If the closing price of the underlying on the final valuation date (24/10/2022) is at or above the final redemption barrier, the bond is redeemed at 100,00% of the nominal amount (plus the relevant interest amount);
(b) If the closing price of the underlying on the final valuation date is below the final redemption barrier, the investor gets a predetermined number of shares (defined by the ratio) of the underlying delivered. There is no delivery of fractions of shares. Instead, the fractions are paid in cash. Furthermore, there is no interest payment at maturity.

Beside the early redemption amount, the redemption amount or the delivery of shares and possible interest payments there are no further payments (e.g. payment of dividends of the underlying).

Price information

Today open-
Today high-
Today low-
Close (previous day)-
Spread in %1.81 %
Spread absolute1.70
Spread harmonised-
High price (52 weeks)-
Low price (52 weeks)-

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 %-


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Date: 2019/11/15 17:38:01
Underlying Quote
151.05 EUR
Difference +0.90% (1.35)

General attributes underlying

NameFERRARI
ISINNL0011585146
Stock exchange (underlying)MIL
Currency (underlying)EUR
Start value underlying99.8000
Price151.05
Time19/11/15 - 17:38:01
Change in %0.90%
Today high151.60
Today low150.00
High price (52 weeks)155.15
Low price (52 weeks)84.08


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

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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.