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ERSTE Multi Memory Express Bond Chemie 21-26


ISIN:
AT0000A2QBN3
WKN:
EB0F03

2021/05/07 17:25:36
Bid Ask
101.20 -
Difference 0.15% (0.15)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingBASF
BAYER
LINDE
Strike Date2021/03/30
Maturity2026/03/31
Coupon/express payment10.750%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
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 %
BASF
DE000BASF111
EUR70.3871.8800-2.13%46.722033.61%
BAYER
DE000BAY0017
EUR54.1353.75000.70%34.937535.46%
LINDE
IE00BZ12WP82
EUR246.40238.50003.21%155.025037.08%
Advantages Risks you should be aware of
  • Chance to earn interest of 10.75 % p.a.
  • Possible early redemption at 100.00 % of nominal amount
  • If there was no early redemption and if there was no interest payment during the term, redemption is at 100 % plus 53.75 % at the end of the 5th year, if the closing price of the underlying with the worst performance is at or above the final-redemption-barrier on the final valuation date.
  • Risk buffer (final-redemption-barrier of 65.00 %) 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 closing price on the final valuation date.
  • Erste Group Bank AG will set quotes during the term without being legally obliged to do so.
  • The risk of capital loss depends on the underlying with the worst performance (worst-of). For this product with worst-of structure despite several underlyings there is no risk diversification by spreading the market risk as for a conventional basket product; instead there is a risk concentration.
  • If according to the repayment terms shares are delivered upon maturity, there may be losses for the investors. Delivered shares cause additional costs (e.g. security deposit fees, transaction fees upon sale).
  • Investors bear the risk of the issuer Erste Group Bank AG.
  • During the term the bond price will not vary 1:1 with the underlyings and premature sale may lead to capital loss.
  • The earnings are capped at 53.75 %, even if the underlyings perform better.
  • This memory 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.

2021/05/07 17:25:36
Bid Ask
101.20 -
Difference 0.15% (0.15)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeVIE
UnderlyingBASF
BAYER
LINDE
Issue date2021/03/31
Strike Date2021/03/30
Maturity2026/03/31
Coupon/express payment10.750%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00
Quantono
First trading day2021/03/31
Last trading day2026/03/24

Express bonds | Description

This memory express bond (worst-of) refers to the shares of BASF SE, Bayer AG and Linde plc (underlyings). It offers an interest payment which depends on the performance of the underlyings. 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 underlyings on the final valuation date.

Interest payments: Interest of 10.75 % on the nominal amount is paid on the annual interest payment date (31/03), if the closing price of the underlying with the worst performance is at or above the coupon barrier (65.00 % of the strike price) on the valuation date. 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 31/03/2026 if there is no automatic early redemption. There is an automatic early redemption, if the closing price of the underlying with the worst performance is at or above the redemption barrier (100.00 % of the strike price) on one of the valuation dates (24/03/2022, 24/03/2023, 22/03/2024, 24/03/2025). In this case the early redemption amount and the interest amount due at this time are paid.

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

1. If the closing price of the underlying with the worst performance is at or above the final redemption barrier on the final valuation date (24/03/2026), the bond is redeemed at 100.00 % of the nominal amount (plus the relevant interest amount).

2. If the closing price of the underlying with the worst performance is below the final redemption barrier on the final valuation date, a predetermined number of shares (defined by the ratio nominal amount / strike price) of the underlying with the worst performance (worst-of) is delivered. Fractions of shares are settled in cash. Furthermore, there is no interest payment at maturity. In this case there is a capital loss.

Price information

Today open101.80
Today high102.20
Today low101.70
Close (previous day)101.80
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)102.20
Low price (52 weeks)98.50

Performance

Performance YTD in %-
Performance 1 month in %+2.62%
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2021/05/07 17:25:36
Bid Ask
101.20 -
Difference 0.15% (0.15)

Date: 2021/05/07 17:35:11
Underlying Quote
70.38 EUR
Difference +0.23% (0.16)

General attributes underlying

NameBASF
ISINDE000BASF111
Stock exchange (underlying)GER
Currency (underlying)EUR
Price70.38
Time21/05/07 - 17:35:11
Start value underlying71.8800
Strike price71.8800
Coupon barrier46.7220
Current redemption barrier71.8800
Current redemption barrier distance-1.50
Current redemption barrier distance in %-2.13%
Final redemption barrier46.7220
Final redemption barrier distance23.66
Final redemption barrier distance in %33.61%
No of shares for redemption13
Today high70.81
Today low69.85
High price (52 weeks)72.88
Low price (52 weeks)41.14


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

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