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ERSTE S&P 500® USD Garant 20-26


ISIN:
AT0000A2CAA2
WKN:
EB0FUF

2020/02/21 17:09:59
Bid Ask
98.90 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeGuaranteed products
CurrencyUSD
Minimum coupon-
Capital guarantee100.00%
Maturity2026/01/30
UnderlyingS&P 500 Index

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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
  • 1:1 participation on the positive performance of the S&P 500® index, up to +30.00 %.
  • Diversified equity index containing 500 of the largest, stock exchange listed US companies.
  • Investors could benefit if the US Dollar becomes stronger compared to the Euro.
  • Erste Group Bank AG will set quotes for this product during the term without being legally obliged to do so.
  • Redemption is at least 100.00 % of nominal amount in USD at maturity and therefore protection against capital loss compared to a direct investment in the respective stocks of the index.
  • Euro-investors bear the currency risk of US Dollar to Euro, as the bond is quoted in US Dollar.
  • The redemption at 100.00 % of nominal amount in USD applies only at maturity. If a USD settlement account exists, the redemption is in USD; otherwise there is an automatic conversion to Euro and the investors incur additional costs.
  • During the term prices are fluctuating and premature sales can lead to capital loss.
  • There is no continuous coupon payment and redemption at maturity is capped at 130.00 % of the nominal amount in USD.
  • Investors bear the issuer risk of Erste Group Bank AG.
  • 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.

2020/02/21 17:09:59
Bid Ask
98.90 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeGuaranteed products
Minimum coupon-
Capital guarantee100.00%
Issue date2020/01/30
Maturity2026/01/30
Stock exchangeVIE
UnderlyingS&P 500 Index
Participation100.00%
Nominal amount1,000.00
Quantoyes
CurrencyUSD

Guaranteed products | Description

The ERSTE S&P 500® USD Garant 20-26 refers to the S&P 500® index as underlying, has a fixed term of six years and will be redeemed on 30/01/2026 (maturity). During the term there is no interest payment and investors do not receive any other proceeds. 

The redemption at maturity depends on the performance of the underlying. Redemption is at least 100.00 % (minimum redemption amount) and at most 130.00 % (maximum redemption amount) of the nominal amount in USD. The participation on the positive performance of the underlying is capped at 30.00 %. Above this cap there is no participation on a possible further positive performance of the underlying.

The redemption amount is determined as follows:

1. If the closing price of the underlying is above the strike price on the valuation date, redemption is at 100.00 % of the nominal amount plus the positive performance of the underlying multiplied by the nominal amount, max. 130.00 % of the nominal amount (in USD).

2. If the closing price of the underlying is at or below the strike price on the valuation date, then the redemption is 100.00 % (minimum redemption amount) of the nominal amount (in USD).

The S&P 500® is an equity index containing 500 of the largest, stock exchange listed US companies. The underlying asset is a price index, i.e. the index shows the price development of the securities it contains. Dividend payments are not included in the index calculation. Further information on the index can be found at http://eu.spindices.com/indices/equity/sp-500.

Price information

Today open99.65
Today high99.65
Today low99.65
Close (previous day)99.65
Spread in %1.49 %
Spread absolute1.50
High price (52 weeks)100.75
Low price (52 weeks)99.50

Performance

Performance YTD in %-
Performance 1 month in %-0.35%
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2020/02/21 17:09:59
Bid Ask
98.90 -
Difference 0.00% (0.00)

Guaranteed products | Description

The ERSTE S&P 500® USD Garant 20-26 refers to the S&P 500® index as underlying, has a fixed term of six years and will be redeemed on 30/01/2026 (maturity). During the term there is no interest payment and investors do not receive any other proceeds. 

The redemption at maturity depends on the performance of the underlying. Redemption is at least 100.00 % (minimum redemption amount) and at most 130.00 % (maximum redemption amount) of the nominal amount in USD. The participation on the positive performance of the underlying is capped at 30.00 %. Above this cap there is no participation on a possible further positive performance of the underlying.

The redemption amount is determined as follows:

1. If the closing price of the underlying is above the strike price on the valuation date, redemption is at 100.00 % of the nominal amount plus the positive performance of the underlying multiplied by the nominal amount, max. 130.00 % of the nominal amount (in USD).

2. If the closing price of the underlying is at or below the strike price on the valuation date, then the redemption is 100.00 % (minimum redemption amount) of the nominal amount (in USD).

The S&P 500® is an equity index containing 500 of the largest, stock exchange listed US companies. The underlying asset is a price index, i.e. the index shows the price development of the securities it contains. Dividend payments are not included in the index calculation. Further information on the index can be found at http://eu.spindices.com/indices/equity/sp-500.


Development underlying

    S&P 500

Observation date S&P 500 Calculated value underlying
2026/01/23 - -

  S&P 500  
Start value 3,273.40 (2020/01/29)  
Current value (underlying) 3,337.75 (2020/02/21)  
Min. value (underlying since issue) 3,225.52 (2020/01/31)  
Max. value (underlying since issue) 3,386.15 (2020/02/19)  
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.

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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). 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.

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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.