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BNP Multi Memory Express Anleihe US Technologie 22-27


ISIN:
DE000PF99XZ3
WKN:
PF99XZ

2022/09/28 08:03:42
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerBNP Paribas Emissions- und Handelsges.mbH
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingADOBE
APPLE
Strike Date2022/09/28
Maturity2027/10/05
Coupon/express payment10.250%
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




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 %
ADOBE
US00724F1012
USD379.33281.400025.82%182.910051.78%
APPLE
US0378331005
USD154.50149.84003.02%97.400036.96%
Advantages Risks you should be aware of
  • Chance to earn interest of 10.25 % p.a.
  • Missed interest payments are paid retrospectively, if the closing price of the underlying with the worst performance 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.
  • BNP Paribas Arbitrage S.N.C., Paris, France will set quotes for this product during the term, nevertheless, is not obliged to it.
  • If there was no early redemption and if there was no interest payment during the term, redemption is at 100 % plus 51.25 % 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 last 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 last valuation date.
  • 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 BNP Paribas S.A., i.e. the risk of changes of the creditworthiness and the risk of insolvency.
  • 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 51.25 %, 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 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.

2022/09/28 08:03:42
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerBNP Paribas Emissions- und Handelsges.mbH
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeFRA
UnderlyingADOBE
APPLE
Issue date2022/10/03
Strike Date2022/09/28
Maturity2027/10/05
Coupon/express payment10.250%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00
Quantoyes
First trading day2022/10/03
Last trading day2027/09/28

Express bonds | Description

This memory express bond (worst-of) issued by BNP Paribas Emissions- und Handelsgesellschaft mbH refers to the share of Adobe Inc. and the share of Apple Inc. (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 10.25 % on the nominal amount is paid on the annual interest payment dates, 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 05/10/2027 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 (28/09/2023, 30/09/2024, 29/09/2025, 28/09/2026). 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 last valuation date (28/09/2027), 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 last valuation date, a predetermined number of shares (defined by the ratio nominal amount / strike price in EUR) of the underlying with the worst performance (worst-of) is 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: PF99XZ - 5Y Memory Express Worst-of Zertifikat auf Adobe Inc und Apple Inc in EUR - BNP Paribas

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %-
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 %-


2022/09/28 08:03:42
Bid Ask
- -
Difference 0.00% (0.00)

Date: 2023/02/03 22:00:00
Underlying Quote
379.33 USD
Difference -3.29% (-12.90)

General attributes underlying

NameADOBE
ISINUS00724F1012
Stock exchange (underlying)NMS
Currency (underlying)USD
Price379.33
Time23/02/03 - 22:00:00
Start value underlying281.4000
Strike price281.4000
Coupon barrier182.9100
Current redemption barrier281.4000
Current redemption barrier distance97.93
Current redemption barrier distance in %25.82%
Final redemption barrier182.9100
Final redemption barrier distance196.42
Final redemption barrier distance in %51.78%
No of shares for redemption-
Today high386.715
Today low377.92
High price (52 weeks)522.48
Low price (52 weeks)274.73


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

Know-How

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