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Erste Group STOXX® Europe 600 Basic Resources Express Bond 2019-2024


ISIN:
AT0000A25JA3
WKN:
EB0FMB
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General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeClassic
CurrencyEUR
UnderlyingSTOXX® Europe 600 Basic Resources
Underlying ISINEU0009658624
Underlying currencyEUR
Price underlying419.05 EUR
Date2020/02/24 17:50:00
Strike Date2019/01/30
Maturity2020/01/31
Strike price440.5200 EUR
Coupon/express payment6.850%
Coupon stylevariable
Current redemption barrier440.5200 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-21.47 EUR
Current redemption barrier distance in %-5.12%
Final redemption barrier264.3120 EUR
Final redemption barrier in %60.00%
Final redemption barrier distance154.74 EUR
Final redemption barrier distance in %36.93%
Nominal amount1,000.00

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Advantages Risks you should be aware of
  • Chance to earn 6.85 % per year.
  • Possible early redemption at 100 % of nominal value.
  • Risk buffer (final-redemption-barrier of 60.00 %) in case of falling prices of STOXX® Europe 600 Basic Resources Price Index.
  • A fall of the index 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 observation day.
  • Erste Group Bank AG will set quotes during the term without being legally obliged to do so.

  • If the STOXX® Europe 600 Basic Resources Price Index is below the barrier (60.00 %) on the last observation day, there are losses for the investor. There is no capital guarantee for this product.
  • Investors bear the risk of the issuer Erste Group Bank AG.
  • The earnings are capped at 34.25 %, 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.

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Bid Ask
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General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeClassic
CurrencyEUR
Stock exchangeVIE
UnderlyingSTOXX® Europe 600 Basic Resources
Underlying ISINEU0009658624
Underlying stock exchange-
Underlying currencyEUR
Price underlying419.05 EUR
Date2020/02/24 17:50:00
Issue date2019/01/31
Strike Date2019/01/30
Maturity2020/01/31
Strike price440.5200 EUR
Coupon/express payment6.850%
Coupon stylevariable
Current redemption barrier440.5200 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-21.47 EUR
Current redemption barrier distance in %-5.12%
Final redemption barrier264.3120 EUR
Final redemption barrier in %60.00%
Final redemption barrier distance154.74 EUR
Final redemption barrier distance in %36.93%
No of shares for redemption-
Nominal amount1,000.00
Quantono
First trading day2019/01/31
Last trading day-

Express bonds | Description

This Express-Bond refers to the STOXX® Europe 600 Basic Resources Price Index. The bond will be redeemed on 31/01/2024 if there is no automatic early redemption.

The STOXX® Europe 600 Basic Resources Price Index is an equity index containing 20 large stock-exchange listed companies of the commodities industry in Europe. The index represents companies with a market capitalization of over 290 Billion EUR. Further information on the index can be found at https://www.stoxx.com/index-details?symbol=SXPP.

There is an automatic early redemption, if the closing price of the STOXX® Europe 600 Basic Resources Price Index is at or above the redemption barrier on one of the valuation dates. In this case investors receive the respective early redemption amount (100.00 % + 6.85 % for each year) on the repayment date (31/01).

If the Express-Bond has not been redeemed on any of the previous early repayment dates, there are two possibilities at maturity:

1. If the closing price of the STOXX® Europe 600 Basic Resources Price Index is at or above the final-redemption-barrier on the last valuation date (24/01/2024), then investors receive the nominal amount of 100 % + 34.25 % (equals 5 x 6.85 %).

2. If the closing price of the STOXX® Europe 600 Basic Resources Price Index is below the final-redemption-barrier on the last valuation date (24/01/2024) then investors receive a redemption amount according to the performance of the index. There is no interest payment at maturity. In this case there is a capital loss.

Price information

Today open-
Today high-
Today low-
Close (previous day)-
Spread in %0 %
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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: 2020/02/24 17:50:00
Underlying Quote
419.05 EUR
Difference -5.88% (-26.19)

General attributes underlying

NameSTOXX® Europe 600 Basic Resources
ISINEU0009658624
Stock exchange (underlying)-
Currency (underlying)EUR
Start value underlying440.5200
Price419.05
Time20/02/24 - 17:50:00
Change in %-5.88%
Today high437.85
Today low416.41
High price (52 weeks)501.17
Low price (52 weeks)372.11


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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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.