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Erste Group Participation certificate BRENT CRUDE Open end


ISIN:
AT0000A1JWL0
WKN:
EB0SAW

2019/11/14 17:29:30
Bid Ask
53.84 -
Difference 0.24% (0.13)

General attributes

IssuerErste Group Bank AG
Product typeIndex/Participation Certificates
CurrencyEUR
UnderlyingBRENT CRUDE
Price underlying62.40 USD
Date2019/11/14 19:28:39
MaturityOpen end
Multiplier0.9502295

PDF Downloads

Final termsPDF Download
Key Information DocumentPDF Download


Note for futures as underlyings: due to differing roll-over dates the displayed data for the underlying may vary from the actually used future for the product.



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
  • Investors benefit from the performance of the Brent Crude Oil Future, which reflects the oil futures market.
  • As the Brent Crude Oil Future is quoted in US Dollar, a stronger US Dollar against the Euro has a positive effect on the price of the Euro-denominated certificate.
  • Ongoing tradability on every trading day.
  • Physical delivery of oil is not possible.
  • The underlying is the Brent Crude Oil Future. Futures may perform differently than the spot market.
  • As the Brent Crude Oil Future is traded in US Dollar, but the certificate is quoted in Euro, exchange rate changes affect the certificate. Capital losses can occur even if the underlying asset rises.
  • Due to the monthly roll over, costs are incurred which result in a lower ratio in the certificate. A future increase in value is only to a lesser extent taken on the certificate.
  • The roll over can lead to roll losses. In this case, the ratio is reduced and a future increase in value is only applied to the certificate to a lesser extent.
  • There is no capital guarantee and capital losses are possible.
  • Investors bear the risk of the issuer Erste Group Bank AG.
  • This participation certificate 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 participation certificate 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.

2019/11/14 17:29:30
Bid Ask
53.84 -
Difference 0.24% (0.13)

General attributes

IssuerErste Group Bank AG
Product typeIndex/Participation Certificates
Stock exchangeVIE, STU
UnderlyingBRENT CRUDE
Underlying ISIN-
Underlying stock exchangeIPE
Underlying currencyUSD
Multiplier0.9502295
Issue date2016/02/02
Issue price30.40
Start value underlying33.1000
MaturityOpen end
First trading day2016/02/02
Last trading dayOpen end
Quantono
CurrencyEUR

Note for futures as underlyings: due to differing roll-over dates the displayed data for the underlying may vary from the actually used future for the product.

Index/Participation Certificates | Description

The performance of the certificate depends on the performance of the price of the Brent Crude Oil Future. It is the Brent Crude Oil Future with the shortest remaining term on the ICE Stock Exchange. However, the certificate has an unlimited term. Therefore, a so-called roll over must be made shortly before the end of the expiring future.

Roll over means that the expiring future is sold and the next shortest future is bought. The Participation Certificate on Brent Crude Oil is rolled over monthly. With this roll over, the ratio may change. On the one hand, this is burdened by the costs of selling and buying the futures, and on the other hand, roll profits or losses can be realized. Roll-profits arise when the value of the expiring future is higher than the new future. As a result, more can be invested in the new future and a higher ratio can thus be achieved. This situation is also called backwardation. Roll losses occur when the reverse occurs. In this case, the expiring future is valued lower than the new future (Contango). Since less can be invested in the new future in this case, the ratio also decreases.

Since the certificate is quoted in Euro, the value of the certificate is also influenced by the development of the exchange rate between Euro and US Dollar.

Price information

Today open53.76
Today high54.68
Today low53.76
Close (previous day)53.76
Spread in %0.19 %
Spread absolute0.10
Spread harmonised0.11
High price (52 weeks)60.16
Low price (52 weeks)39.95

Performance

Performance YTD in %+32.73%
Performance 1 month in %+6.61%
Performance 6 months in %-5.33%
Performance 1 year in %+3.46%
Performance 3 years in %+46.36%
Performance 5 years in %-
Performance since inception in %+77.14%


2019/11/14 17:29:30
Bid Ask
53.84 -
Difference 0.24% (0.13)

Date: 2019/11/14 19:28:39
Underlying Quote
62.40 USD
Difference +0.05% (0.03)

General attributes underlying

NameBRENT CRUDE
ISIN-
Stock exchange (underlying)IPE
Currency (underlying)USD
Start value underlying33.1000
Price62.40
Time19/11/14 - 19:28:39
Change in %0.05%
Today high63.21
Today low62.26
High price (52 weeks)75.60
Low price (52 weeks)49.93

Note for futures as underlyings: due to differing roll-over dates the displayed data for the underlying may vary from the actually used future for the product.



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

Composition of underlying (in units) - see product news for additional information


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

Do you have any further questions which are not covered in our know-how area? Please ask directly our product specialists via our contact form.




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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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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
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