Look for:

Our offer for

BNP Memory Express Anleihe auf Apple Inc 23-28


ISIN:
DE000PD99DV9
WKN:
PD99DV

2023/06/27 07:53:56
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerBNP Paribas Emissions- und Handelsgesellschaft mbH
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingAPPLE
Underlying ISINUS0378331005
Underlying currencyUSD
Price underlying173.75 USD
Date2023/10/02 22:00:00
Strike Date2023/06/27
Maturity2028/07/04
Strike price188.0600 USD
Coupon/express payment8.100%
Coupon stylevariable
Coupon barrier122.2400 USD
Coupon barrier in %65.00%
Current redemption barrier188.0600 USD
Current redemption barrier in %100.00%
Current redemption barrier distance-14.31 USD
Current redemption barrier distance in %-8.24%
Final redemption barrier122.2400 USD
Final redemption barrier in %65.00%
Final redemption barrier distance51.51 USD
Final redemption barrier distance in %29.65%
Nominal amount1,000.00

PDF download

Final TermsPDF Download


Add underlying
Add barriers
Interactive chart
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
  • Chance to earn 8.10 % for each year
  • Missed interest payments are paid retrospectively, if the closing price of the underlying is at or above the coupon barrier at a later valuation date (memory function)
  • Possible early redemption at 100.00 % of nominal amount in EUR.
  • If there was no early redemption and if there was no interest payment during the term, redemption is at 100.00 % plus 40.50 % at the end of the 5th year, if the closing price of the underlying is at or above the final redemption barrier on the last valuation date.
  • Risk buffer (final redemption barrier of 65.00 %) compared to a direct investment in the Apple Inc share. A fall of the share price below the barrier during the term has no influence on the redemption at the end of the 5th year, relevant is only the closing price on the last valuation date.
  • BNP Paribas Arbitrage S.N.C., Paris will set quotes during the term without being legally obliged to do so.
  • If the closing price of the underlying is below the final redemption barrier on the last valuation date, shares are delivered and 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).
  • During the term the bond price will not vary 1:1 with the underlying and premature sale may lead to capital loss.
  • The earnings are capped at 40.50 % even if the underlying has a better performance.
  • Investors bear the risk of the issuer BNP Paribas S.A., i.e. the risk of changes of the creditworthiness and the risk of insolvency.
  • This memory express bond is not covered by any deposit guarantee scheme. Investors are exposed to the risk that BNP Paribas S.A. 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.

2023/06/27 07:53:56
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerBNP Paribas Emissions- und Handelsgesellschaft mbH
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeFRA
UnderlyingAPPLE
Underlying ISINUS0378331005
Underlying stock exchangeNMS
Underlying currencyUSD
Price underlying173.75 USD
Date2023/10/02 22:00:00
Issue date2023/06/27
Strike Date2023/06/27
Maturity2028/07/04
Strike price188.0600 USD
Coupon/express payment8.100%
Coupon stylevariable
Coupon barrier122.2400 USD
Coupon barrier in %65.00%
Current redemption barrier188.0600 USD
Current redemption barrier in %100.00%
Current redemption barrier distance-14.31 USD
Current redemption barrier distance in %-8.24%
Final redemption barrier122.2400 USD
Final redemption barrier in %65.00%
Final redemption barrier distance51.51 USD
Final redemption barrier distance in %29.65%
No of shares for redemption-
Nominal amount1,000.00
Quantoyes
First trading day2023/06/27
Last trading day2028/06/27

Express bonds | Description

This memory express bond issued by BNP Paribas Emissions- und Handelsgesellschaft mbH refers to the share of Apple Inc (underlying). It offers an interest payment which depends on the performance of the underlying. The bond has a term of five years, if there is no early redemption. The redemption at maturity depends on the closing price of the underlying on the last valuation date.

Interest payments: Interest of 8.10 % on the nominal amount is paid on the annual interest payment dates, if the closing price of the underlying at the respective valuation date is at or above the coupon barrier (65.00 % of the strike price). Otherwise, there is no interest payment. If the interest payment has not been triggered at one or several interest payment dates but has been triggered at a later interest payment date, the interest payments of the earlier periods are paid retrospectively (memory function).


Redemption: The bond will be redeemed on 04/07/2028 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 redemption barrier (100.00 % of the strike price) on one of the valuation dates (27/06/2024, 27/06/2025, 29/06/2026, 28/06/2027). In this case investors receive the respective early redemption amount and the respective interest amount due at this time.

If there is no early redemption the bond will be redeemed at maturity as follows:

  1. If the closing price of Apple Inc on the last valuation date (27/06/2028) is at or above the final redemption barrier, the bond is redeemed at 100.00 % of the nominal amount (plus the relevant interest amount).

  2. If the closing price of Apple Inc on the last valuation date is below the final redemption barrier, investors receive shares (defined by the ratio of nominal amount / strike price converted to EUR) of the underlying delivered. 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. Furthermore, there is no interest payment at maturity.
Information on the product during the term can be found on the issuer's website: PD99DV - 5Y Memory Express Zertifikat auf Apple Inc in EUR - BNP Paribas

Price information

Today open101.00
Today high101.00
Today low101.00
Close (previous day)101.00
Spread in %-
Spread absolute-
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 %-


2023/06/27 07:53:56
Bid Ask
- -
Difference 0.00% (0.00)

Date: 2023/10/02 22:00:00
Underlying Quote
173.75 USD
Difference +1.48% (2.54)

General attributes underlying

NameAPPLE
ISINUS0378331005
Stock exchange (underlying)NMS
Currency (underlying)USD
Start value underlying188.0600
Price173.75
Time23/10/02 - 22:00:00
Change in %1.48%
Today high174.30
Today low170.93
High price (52 weeks)198.23
Low price (52 weeks)124.17
Interactive chart


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

Know-How

In our know-how area you can find all relevant details on the different types of certificates. The tutorial gives you selected information about the functionality of structured products and assists you in making your investment decision.

Contact

Do you have any further questions which are not covered in our know-how area? Please ask directly our product specialists via our contact form.



Decline
Accept

We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.

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“).

The publication and distribution of information as well as offering and selling of products and services described on the Websites is prohibited by law in some jurisdictions. For this reason, persons in countries in which the publication as well as the offering and selling of products and services described on the Websites are not permitted by law, must not enter the Websites and/or acquire the products displayed on the Websites.

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.