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ERSTE Fix Kupon Express Bond on Fresenius SE & Co. KGaA 20-24


ISIN:
AT0000A2GL85
WKN:
EB0FWG

2023/06/01 17:30:25
Bid Ask
87.05 -
Difference 0.23% (0.20)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
UnderlyingFRESENIUS SE
Underlying ISINDE0005785604
Underlying currencyEUR
Price underlying25.75 EUR
Date2023/06/01 17:35:23
Strike Date2020/06/29
Maturity2024/06/30
Strike price44.2100 EUR
Coupon/express payment4.000%
Coupon stylefix
Current redemption barrier44.2100 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-18.46 EUR
Current redemption barrier distance in %-71.69%
Final redemption barrier22.1050 EUR
Final redemption barrier in %50.00%
Final redemption barrier distance3.65 EUR
Final redemption barrier distance in %14.16%
Nominal amount1,000.00

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Key Information DocumentPDF Download

Productnews

2020/06/30

Fixing ERSTE Fix Kupon Express Bond on Fresenius SE & Co. KGaA 20-24 (AT0000A2GL85)

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Our analysts say...


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
  • Possible early redemption at 100.00 % of nominal amount
  • Risk buffer (final-redemption-barrier of 50.00 %) in case of a falling share price of Fresenius SE & Co. KGaA
  • 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 the final valuation date.
  • 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 Fresenius SE & Co. KGaA 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.
  • The earnings are capped at 16.00 %, 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.
  • Investors bear the risk of the issuer Erste Group Bank AG.
  • 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 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.

2023/06/01 17:30:25
Bid Ask
87.05 -
Difference 0.23% (0.20)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
Stock exchangeVIE, STU
UnderlyingFRESENIUS SE
Underlying ISINDE0005785604
Underlying stock exchangeGER
Underlying currencyEUR
Price underlying25.75 EUR
Date2023/06/01 17:35:23
Issue date2020/06/30
Strike Date2020/06/29
Maturity2024/06/30
Strike price44.2100 EUR
Coupon/express payment4.000%
Coupon stylefix
Current redemption barrier44.2100 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-18.46 EUR
Current redemption barrier distance in %-71.69%
Final redemption barrier22.1050 EUR
Final redemption barrier in %50.00%
Final redemption barrier distance3.65 EUR
Final redemption barrier distance in %14.16%
No of shares for redemption22
Nominal amount1,000.00
Quantono
First trading day2020/06/30
Last trading day2024/06/24

Express bonds | Description

This express bond refers to the share of Fresenius SE & Co. KGaA. Regardless of the performance of the underlying, there is an annual interest payment of 4.00 % p.a. The bond will be redeemed on 30/06/2024 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 (23/06/2021, 23/06/2022, 23/06/2023). In this case investors receive the respective early redemption amount of 100.00 % on the repayment date (30/06).

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

1. If the closing price of Fresenius SE & Co. KGaA is at or above the final-redemption-barrier on the final valuation date (24/06/2024), investors receive 100.00 % of the nominal amount plus the interest payment of 4.00 % p.a. for the last year.

2. If the closing price of Fresenius SE & Co. KGaA is below the final-redemption-barrier on the final valuation date, then investors receive a predetermined number of shares of the underlying, in addition the interest rate 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.

Price information

Today open87.60
Today high87.85
Today low87.30
Close (previous day)87.60
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)95.55
Low price (52 weeks)62.30

Performance

Performance YTD in %+1.56%
Performance 1 month in %+2.15%
Performance 6 months in %+0.86%
Performance 1 year in %-7.19%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-12.20%


2023/06/01 17:30:25
Bid Ask
87.05 -
Difference 0.23% (0.20)

Date: 2023/06/01 17:35:23
Underlying Quote
25.75 EUR
Difference +0.63% (0.16)

General attributes underlying

NameFRESENIUS SE
ISINDE0005785604
Stock exchange (underlying)GER
Currency (underlying)EUR
Start value underlying44.2100
Price25.75
Time23/06/01 - 17:35:23
Change in %0.63%
Today high25.85
Today low25.60
High price (52 weeks)32.47
Low price (52 weeks)19.69
Interactive chart


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

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