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Erste Group Fix Kupon Express Bond on UniCredit S.p.A 2017-2021


ISIN:
AT0000A1Z2Z7
WKN:
EB0FDJ

2019/11/13 13:45:34
Bid Ask
96.40 -
Difference -0.15% (-0.15)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
UnderlyingUNICREDIT
Underlying ISINIT0005239360
Underlying currencyEUR
Price underlying12.406 EUR
Date2019/11/13 13:55:20
Strike Date2017/12/19
Maturity2021/12/20
Strike price16.5300 EUR
Coupon/express payment4.750%
Coupon stylefix
Current redemption barrier16.5300 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-4.12 EUR
Current redemption barrier distance in %-33.24%
Final redemption barrier8.2650 EUR
Final redemption barrier in %50.00%
Final redemption barrier distance4.14 EUR
Final redemption barrier distance in %33.38%
Nominal amount1,000.00

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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
  • Fixed earnings of 4.75 % per year.
  • Possible early redemption at 100 % of nominal amount.
  • Risk buffer (final-redemption-barrier of 50.00 %) against a falling share price of UniCredit S.p.A.
  • A fall of the share price below the barrier during the term has no influence on the redemption at the end of the 4th year, relevant is only the price on last observation day.
  • Erste Group Bank AG will set quotes for this product during the term without being legally obliged to do so.

  • If the closing price of UniCredit S.p.A is below the barrier (50.00 %) on the last observation day, there are losses for the investors. A total loss of invested capital is possible.
  • Investors bear the risk of the issuer Erste Group Bank AG.
  • The earnings are capped at 19.00 %, 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 Erste Group Bank 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.

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.

2019/11/13 13:45:34
Bid Ask
96.40 -
Difference -0.15% (-0.15)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
Stock exchangeVIE, STU
UnderlyingUNICREDIT
Underlying ISINIT0005239360
Underlying stock exchangeMIL
Underlying currencyEUR
Price underlying12.406 EUR
Date2019/11/13 13:55:20
Issue date2017/12/20
Strike Date2017/12/19
Maturity2021/12/20
Strike price16.5300 EUR
Coupon/express payment4.750%
Coupon stylefix
Current redemption barrier16.5300 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-4.12 EUR
Current redemption barrier distance in %-33.24%
Final redemption barrier8.2650 EUR
Final redemption barrier in %50.00%
Final redemption barrier distance4.14 EUR
Final redemption barrier distance in %33.38%
No of shares for redemption60
Nominal amount1,000.00
Quantono
First trading day2017/12/20
Last trading day2021/12/13

Express bonds | Description

This Express-Bond refers to the share of UniCredit S.p.A. Regardless of the performance of the underlying, there is an annual interest payment of 4.75 % p.a. The bond will be redeemed on 20/12/2021 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. In this case investors receive the respective early redemption amount of 100.00 % on the repayment date (20/12).

If the Express-Bond has not been redeemed early, there are two possibilities at maturity:

1. If the closing price of UniCredit S.p.A is at or above the final-redemption-barrier on the last valuation date (13/12/2021), investos receive the nominal amount (100 %) plus the interest payment of 4.75 % p.a. for the last year.

2. If the closing price of UniCredit S.p.A is below the final-redemption-barrier on the last valuation date (13/12/2021), then investors receive a predetermined number of shares of the underlying, in addition the interest rate of 4.75 % p.a. for the final year is paid. There is no delivery of fractions of shares. Instead, the fractions are paid in cash. In this case there is a capital loss.

Price information

Today open97.30
Today high97.60
Today low97.10
Close (previous day)97.30
Spread in %0 % %
Spread absolute0.00
Spread harmonised-
High price (52 weeks)100.65
Low price (52 weeks)39.92

Performance

Performance YTD in %+23.56%
Performance 1 month in %+7.45%
Performance 6 months in %+8.96%
Performance 1 year in %+9.63%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2019/11/13 13:45:34
Bid Ask
96.40 -
Difference -0.15% (-0.15)

Date: 2019/11/13 13:55:22
Underlying Quote
12.406 EUR
Difference -2.73% (-0.35)

General attributes underlying

NameUNICREDIT
ISINIT0005239360
Stock exchange (underlying)MIL
Currency (underlying)EUR
Start value underlying16.5300
Price12.406
Time19/11/13 - 13:55:22
Change in %-2.73%
Today high12.678
Today low12.38
High price (52 weeks)13.066
Low price (52 weeks)9.071


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“).

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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.