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5.25 % ERSTE Fix Coupon Express Bond on AMS AG 22-26


ISIN:
AT0000A2UWD2
WKN:
EB0F6C

2023/09/28 17:25:26
Bid Ask
38.20 -
Difference -15.14% (-6.95)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
UnderlyingAMS-OSRAM
Underlying ISINAT0000A18XM4
Underlying currencyCHF
Price underlying4.14 CHF
Date2023/09/28 17:31:20
Strike Date2022/01/28
Maturity2026/01/31
Strike price15.0300 CHF
Coupon/express payment5.250%
Coupon stylefix
Current redemption barrier15.0300 CHF
Current redemption barrier in %100.00%
Current redemption barrier distance-10.89 CHF
Current redemption barrier distance in %-263.04%
Final redemption barrier7.5150 CHF
Final redemption barrier in %50.00%
Final redemption barrier distance-3.38 CHF
Final redemption barrier distance in %-81.52%
Nominal amount1,000.00

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Final TermsPDF Download
Key Information DocumentPDF Download

Productnews

2022/01/25

Name change of ams AG

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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 5.25 % per year
  • Possible early redemption at 100.00 % of nominal amount in EUR
  • Risk buffer (final redemption barrier of 50.00 %) in case of a falling underlying share price
  • 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 last 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 the underlying is below the final redemption barrier (50.00 %) on the last valuation date, there are losses for the investors. A total loss of invested capital is possible.
  • Delivered shares cause additional costs (e.g. security deposit fees, transaction fees upon sale).
  • The earnings are capped at 21.00 %, 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.

2023/09/28 17:25:26
Bid Ask
38.20 -
Difference -15.14% (-6.95)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
Stock exchangeVIE, STU
UnderlyingAMS-OSRAM
Underlying ISINAT0000A18XM4
Underlying stock exchangeSWX
Underlying currencyCHF
Price underlying4.14 CHF
Date2023/09/28 17:31:20
Issue date2022/01/31
Strike Date2022/01/28
Maturity2026/01/31
Strike price15.0300 CHF
Coupon/express payment5.250%
Coupon stylefix
Current redemption barrier15.0300 CHF
Current redemption barrier in %100.00%
Current redemption barrier distance-10.89 CHF
Current redemption barrier distance in %-263.04%
Final redemption barrier7.5150 CHF
Final redemption barrier in %50.00%
Final redemption barrier distance-3.38 CHF
Final redemption barrier distance in %-81.52%
No of shares for redemption-
Nominal amount1,000.00
Quantoyes
First trading day2022/01/31
Last trading day2026/01/26

Express bonds | Description

This express bond refers to the share of ams AG (name changed to ams-OSRAM AG). Regardless of the performance of the underlying there is an annual interest payment of 5.25 % of the nominal amount in EUR. The bond will be redeemed on 31/01/2026 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 early redemption barrier on one of the valuation dates (24/01/2023, 24/01/2024, 24/01/2025). In this case investors receive the respective early redemption amount of 100.00 % of the nominal amount in EUR on the repayment date (31/01).

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

  1. If the closing price of the underlying is at or above the final redemption barrier on the last valuation date (26/01/2026), investors receive 100.00 % of the nominal amount in EUR plus the interest payment of 5.25 % p.a. for the last year.

  2. If the closing price of the underlying is below the final redemption barrier on the last valuation date, then investors receive shares of the underlying, defined by the ratio (nominal amount / strike price, converted to EUR). In addition the interest of 5.25 % p.a. for the final year is paid. Since the underlying is quoted in a different currency than the bond, the strike price is converted into the currency of the bond on the basis of the applicable exchange rate on the last valuation date. The bond is thereby currency-hedged ("quanto"). Fractions of shares are settled in cash in EUR. In this case there is a capital loss.

Price information

Today open40.30
Today high40.30
Today low35.80
Close (previous day)45.90
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)83.25
Low price (52 weeks)35.80

Performance

Performance YTD in %-40.58%
Performance 1 month in %-25.81%
Performance 6 months in %-24.52%
Performance 1 year in %-44.67%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-61.05%


2023/09/28 17:25:26
Bid Ask
38.20 -
Difference -15.14% (-6.95)

Date: 2023/09/28 17:31:20
Underlying Quote
4.14 CHF
Difference -20.17% (-1.05)

General attributes underlying

NameAMS-OSRAM
ISINAT0000A18XM4
Stock exchange (underlying)SWX
Currency (underlying)CHF
Start value underlying15.0300
Price4.14
Time23/09/28 - 17:31:20
Change in %-20.17%
Today high4.376
Today low3.657
High price (52 weeks)9.96
Low price (52 weeks)3.657
Interactive chart


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

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