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ERSTE Multi Fix Coupon Express Bond Financials (IV) 19-24


ISIN:
AT0000A2B4M8
WKN:
EB0FTS

2019/11/04 08:18:46
Bid Ask
- 100.00
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
UnderlyingERSTE GROUP
VIENNA INS.GROUP
Strike Date2019/11/07
Maturity2024/11/08
Coupon/express payment4.000%
Coupon stylefix
Current redemption barrier in %100.00%
Final redemption barrier in %50.00%
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

Underlyings

Underlying Name and ISINCurrencyPrice underlyingCurrent red. barrCurr.red. barr. dist %Final red. barr.Final red. barr. dist %
ERSTE GROUP
AT0000652011
EUR32.6333.8000-3.59%16.900048.21%
VIENNA INS.GROUP
AT0000908504
EUR24.7024.70000.00%12.350050.00%
Advantages Risks you should be aware of
  • Fixed earnings of 4.00 % per year
  • From the 2nd year onwards possible early redemption at 100.00 % of nominal amount
  • Risk buffer (final-redemption-barrier of 50.00 %) compared to a direct investment in the underlyings
  • 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 price on 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 with the worst performance is below the final-redemption-barrier on the last valuation date, there are losses for the investors. A total loss of invested capital is possible.
  • The risk of capital loss depends on the underlying with the worst performance, even if the basket in total or some underlyings in the basket have a positive performance. There is no risk diversification despite several underlyings in the basket.
  • Investors bear the risk of the issuer Erste Group Bank AG.
  • The earnings are capped at 20.00 %, even if the underlyings perform better.
  • During the term the bond price will not vary 1:1 with the underlyings 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 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.

2019/11/04 08:18:46
Bid Ask
- 100.00
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
Stock exchangeVIE
UnderlyingERSTE GROUP
VIENNA INS.GROUP
Issue date2019/11/08
Strike Date2019/11/07
Maturity2024/11/08
Coupon/express payment4.000%
Coupon stylefix
Current redemption barrier in %100.00%
Final redemption barrier in %50.00%
Nominal amount1,000.00
Quantono
First trading day2019/11/08
Last trading day2024/11/01

Express bonds | Description

This express bond refers to the shares of Erste Group Bank AG and Vienna Insurance Group AG. Regardless of the performance of the underlyings, there is an annual interest payment of 4.00 % p.a. The bond will be redeemed on 08/11/2024 if there is no automatic early redemption.

There is an automatic early redemption, if the closing price of both underlyings is at or above the strike price on one of the valuation dates (01/11/2021, 01/11/2022, 01/11/2023). In this case investors receive the respective early redemption amount of 100.00 % of the nominal amount on the respective early repayment date.

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

1. If the closing price of the underlying with the worst performance is at or above the final-redemption-barrier on the last valuation date (01/11/2024), investors receive the nominal amount (1,000 EUR) plus the interest payment of 4.00 % for the final year.

2. If the closing price of the underlying with the worst performance is below the final-redemption-barrier on the last valuation date, then investors receive a predetermined number of shares of the underlying with the worst performance, plus the interest payment of 4.00 % for the final year. Fractions of shares are settled in cash. In this case, there is a capital loss.

The issuer and its affiliates may - without being obliged to - act as market maker for the underlying.

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %0 %
Spread absolute-
Spread harmonised-
High price (52 weeks)100.00
Low price (52 weeks)100.00

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 %-


2019/11/04 08:18:46
Bid Ask
- 100.00
Difference 0.00% (0.00)

Date: 2019/11/20 17:35:27
Underlying Quote
32.63 EUR
Difference -0.18% (-0.06)

General attributes underlying

NameERSTE GROUP
ISINAT0000652011
Stock exchange (underlying)VIE
Currency (underlying)EUR
Price32.63
Time19/11/20 - 17:35:27
Start value underlying33.8000
Strike price33.8000
Current redemption barrier33.8000
Current redemption barrier distance-1.17
Current redemption barrier distance in %-3.59%
Final redemption barrier16.9000
Final redemption barrier distance15.73
Final redemption barrier distance in %48.21%
No of shares for redemption29
Today high32.80
Today low32.37
High price (52 weeks)37.20
Low price (52 weeks)27.52


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

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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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By agreeing to this hereto, the Interested Party confirms that
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