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ERSTE STOXX® Europe 600 Telecommunications Express Bond 19-23


ISIN:
AT0000A287H0
WKN:
EB0FQW

2019/11/15 10:45:48
Bid Ask
102.10 -
Difference 0.05% (0.05)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeClassic
CurrencyEUR
UnderlyingSTOXX® Europe 600 Telecom.
Underlying ISINEU0009658947
Underlying currencyEUR
Price underlying256.50 EUR
Date2019/11/15 10:51:30
Strike Date2019/06/12
Maturity2023/06/13
Strike price244.6400 EUR
Coupon/express payment4.150%
Coupon stylevariable
Current redemption barrier244.6400 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance11.86 EUR
Current redemption barrier distance in %4.62%
Final redemption barrier159.0160 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance97.48 EUR
Final redemption barrier distance in %38.01%
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
  • Chance to earn 4.15 % per year.
  • Possible early redemption at 100 % of nominal amount.
  • Risk buffer (final-redemption-barrier of 65.00 %) in case of falling prices of the STOXX® Europe 600 Telecommunications EUR 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 4th 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 Telecommunications EUR Price Index is below the barrier (65.00 %) 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 16.60 %, 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.

2019/11/15 10:45:48
Bid Ask
102.10 -
Difference 0.05% (0.05)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeClassic
CurrencyEUR
Stock exchangeVIE
UnderlyingSTOXX® Europe 600 Telecom.
Underlying ISINEU0009658947
Underlying stock exchange-
Underlying currencyEUR
Price underlying256.50 EUR
Date2019/11/15 10:51:30
Issue date2019/06/13
Strike Date2019/06/12
Maturity2023/06/13
Strike price244.6400 EUR
Coupon/express payment4.150%
Coupon stylevariable
Current redemption barrier244.6400 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance11.86 EUR
Current redemption barrier distance in %4.62%
Final redemption barrier159.0160 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance97.48 EUR
Final redemption barrier distance in %38.01%
No of shares for redemption-
Nominal amount1,000.00
Quantono
First trading day2019/06/13
Last trading day2023/06/06

Express bonds | Description

This Express Bond refers to the STOXX® Europe 600 Telecommunications EUR Price Index. The bond will be redeemed on 13/06/2023 if there is no automatic early redemption.

The STOXX® Europe 600 Telecommunications EUR Price Index is an equity index containing 19 large stock-exchange listed companies of the telecommunication industry in Europe. The index represents companies with a market capitalization of over 355 Billion EUR. Further information on the index can be found at https://www.stoxx.com/index-details?symbol=SXKP.  

There is an automatic early redemption, if the closing price of the STOXX® Europe 600 Telecommunications EUR Price Index is at or above the redemption barrier on one of the valuation dates (08/06/2020, 07/06/2021, 06/06/2022). In this case investors receive the respective early redemption amount (100.00 % + 4.15 % for each year) on the repayment date (13/06).

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 Telecommunications EUR Price Index is at or above the final-redemption-barrier on the last valuation date (06/06/2023), then investors receive the nominal amount of 100 % + 16.60 % (equals 4 x 4.15 %).

2. If the closing price of the STOXX® Europe 600 Telecommunications EUR Price Index is below the final-redemption-barrier on the last valuation date (06/06/2023) 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 open102.80
Today high102.85
Today low102.80
Close (previous day)102.80
Spread in %0 %
Spread absolute-
Spread harmonised-
High price (52 weeks)102.95
Low price (52 weeks)97.25

Performance

Performance YTD in %-
Performance 1 month in %+0.05%
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2019/11/15 10:45:48
Bid Ask
102.10 -
Difference 0.05% (0.05)

Date: 2019/11/15 10:51:30
Underlying Quote
256.50 EUR
Difference +0.66% (1.68)

General attributes underlying

NameSTOXX® Europe 600 Telecom.
ISINEU0009658947
Stock exchange (underlying)-
Currency (underlying)EUR
Start value underlying244.6400
Price256.50
Time19/11/15 - 10:51:30
Change in %0.66%
Today high256.95
Today low255.16
High price (52 weeks)265.48
Low price (52 weeks)229.69


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

Know-How

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