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ERSTE Smart Invest Garant (USD) V 2018-2022


ISIN:
AT0000A22PJ8
WKN:
EB0FJT

2019/12/10 18:15:35
Bid Ask
104.75 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeGuaranteed products
CurrencyUSD
Minimum coupon1.600%
Capital guarantee100.00%
Maturity2022/09/20
UnderlyingSolactive ERSTE Multi Asset Index 35 VC

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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
Advantages Risks you should be aware of
  • Globally diversified investment mix with automatic risk control.
  • 1: 1 participation in the positive performance of Solactive ERSTE Multi Asset Index 35 VC.
  • Fixed interest rate of the bond of 1.60 % p.a. in US Dollar, regardless of the performance of the underlying.
  • Investors could benefit from a stronger US Dollar compared to the Euro.
  • Erste Group Bank AG will set quotes for this product during the term, nevertheless, is not obliged to it.
  • Redemption of at least 100.00% of the nominal amount in US Dollar at maturity.
  • Euro investors bear the currency risk of US Dollar to Euro, as the bond is listed in US Dollar.
  • The redemption at 100.00 % of nominal amount in US Dollar only applies at maturity (if an USD settlement account exists, the coupon payments and redemption is in USD, otherwise there is an automatic conversion to Euro).
  • Investors bear the issuer risk of Erste Group Bank AG.
  • During the term prices are fluctuating and premature sales can lead to capital loss.
  • The coupons and redemption are paid in USD, therefore the investors incur additional costs (by having a foreign currency account or by the conversion to Euro).
  • This 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.

Legal note

The content on this page is for informational purposes only for existing investors. This product is not offered for subscription and is not a public offering.

2019/12/10 18:15:35
Bid Ask
104.75 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeGuaranteed products
Minimum coupon1.600%
Capital guarantee100.00%
Issue date2018/09/20
Maturity2022/09/20
Stock exchangeVIE
UnderlyingSolactive ERSTE Multi Asset Index 35 VC
Participation100.00%
Nominal amount1,000.00
Quantono
CurrencyUSD

Guaranteed products | Description

With the ERSTE Smart Invest Garant (USD) V 2018-2022 investors participate 1:1 in the positive performance of the Solactive ERSTE Multi Asset Index 35 VC and benefit from capital protection of 100% of the nominal amount in USD by Erste Group at maturity. In addition, investors receive an annual interest payment of 1.60 % p.a. of the nominal amount in USD.

This index, which is tailor-made for Erste Bank and Sparkassen, invests mainly in ETFs worldwide in important asset classes such as bonds, equities, commodities, gold and possibly the money market. The equity portion of the index is 35%. Bonds are weighted at 50% and commodities (including gold) at 15% (at an investment level of 100%). The allocation is adjusted quarterly to the specified target values.

The special feature of the Solactive ERSTE Multi Asset Index 35 is that it primarily uses liquid and transparent Exchange Traded Funds (ETFs) to implement its allocation. ETFs are exchange-traded investment funds that passively invest in and efficiently represent financial market indices.

In uncertain and turbulent times, it may be advisable to make the investment more defensive and to redeploy it to the money market. Therefore, the index automatically reduces the degree of investment as the volatility of markets rises above a certain level. Depending on how much the volatility increases, the index automatically converts parts of the portfolio into safe money market investments within a few days. When the market calms down, the degree of investment is increased again accordingly.

Details on the index can be found at the website of the index provider Solactive AG: https://www.solactive.com/indices/?index=DE000SLA5QD2

Price information

Today open105.50
Today high105.50
Today low105.50
Close (previous day)105.50
Spread in %1.41 %
Spread absolute1.50
High price (52 weeks)106.00
Low price (52 weeks)97.65

Performance

Performance YTD in %+7.38%
Performance 1 month in %-0.28%
Performance 6 months in %+3.38%
Performance 1 year in %+7.22%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2019/12/10 18:15:35
Bid Ask
104.75 -
Difference 0.00% (0.00)

Guaranteed products | Description

With the ERSTE Smart Invest Garant (USD) V 2018-2022 investors participate 1:1 in the positive performance of the Solactive ERSTE Multi Asset Index 35 VC and benefit from capital protection of 100% of the nominal amount in USD by Erste Group at maturity. In addition, investors receive an annual interest payment of 1.60 % p.a. of the nominal amount in USD.

This index, which is tailor-made for Erste Bank and Sparkassen, invests mainly in ETFs worldwide in important asset classes such as bonds, equities, commodities, gold and possibly the money market. The equity portion of the index is 35%. Bonds are weighted at 50% and commodities (including gold) at 15% (at an investment level of 100%). The allocation is adjusted quarterly to the specified target values.

The special feature of the Solactive ERSTE Multi Asset Index 35 is that it primarily uses liquid and transparent Exchange Traded Funds (ETFs) to implement its allocation. ETFs are exchange-traded investment funds that passively invest in and efficiently represent financial market indices.

In uncertain and turbulent times, it may be advisable to make the investment more defensive and to redeploy it to the money market. Therefore, the index automatically reduces the degree of investment as the volatility of markets rises above a certain level. Depending on how much the volatility increases, the index automatically converts parts of the portfolio into safe money market investments within a few days. When the market calms down, the degree of investment is increased again accordingly.

Details on the index can be found at the website of the index provider Solactive AG: https://www.solactive.com/indices/?index=DE000SLA5QD2


Development underlying

    SOL.ER.MU.AS.35 VC7 NR EO

Observation date SOL.ER.MU.AS.35 VC7 NR EO Calculated value underlying
2022/09/13 - -

  SOL.ER.MU.AS.35 VC7 NR EO  
Start value 101.25 (2018/09/19)  
Current value (underlying) 111.10 (2019/12/10)  
Min. value (underlying since issue) 99.27 (2018/12/27)  
Max. value (underlying since issue) 111.85 (2019/11/07)  
Indicative redemption -  

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. In our glossary we explain the most important keywords and within the FAQ section you can find answers to the most common questions concerning this topic.

Contact

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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“).

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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), citizen/resident of Australia, Canada, Great Britain and Japan. For this reason, the distribution or redistribution of the information, materials and products into United States, Australia, Canada, Great Britain and Japan 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.