2024/08/30 17:28:55 | |
---|---|
Bid | Ask |
2.97 | 3.00 |
Difference | -0.33% (-0.01) |
Issuer | Erste Group Bank AG |
Product type | Turbos |
Long/ Short | short |
Currency | EUR |
Underlying | FRESENIUS SE |
Price underlying | 33.37 EUR |
Date | 2024/08/30 17:35:08 |
Strike | 63.2240 EUR |
Strike distance in % | 89.46% |
Barrier | 60.7240 EUR |
Barrier distance | 27.35 EUR |
Barrier distance in % | 81.97% |
Knocked out | no |
Pay back value | - |
Leverage | 1.11 |
Multiplier | 0.1000000 |
Maturity | Open end |
This product is no longer publicly offered. The product-specific content published here is for information purposes only for those who are already invested and does not constitute marketing communication. Erste Group Bank AG no longer consents to the use of the prospectus for a public offering of this product by third parties. Purchases and sales are made exclusively on the secondary market. Erste Group Bank AG acts solely in the function as market maker and continues to provide bid and ask prices (but is legally not obliged). |
From the value date onwards the certificates can be traded on each stock exchange day during trading hours. However, Erste Group Bank AG cannot guarantee the existence or maintenance of an active market throughout the entire life of the certificate. The issuer will, as a rule, continuously quote prices, but is not obligated to do so. Neither is the issuer obligated to redeem the certificates. During the life of the certificate its price will be significantly determined by the general development of interest rates, the fluctuations on the capital market, and the general economic scenario. |
2024/08/30 17:28:55 | |
---|---|
Bid | Ask |
2.97 | 3.00 |
Difference | -0.33% (-0.01) |
Issuer | Erste Group Bank AG |
Product type | Turbos |
Long/ Short | short |
Stock exchange | STU, VIE |
Underlying | FRESENIUS SE |
Underlying ISIN | DE0005785604 |
Underlying stock exchange | GER |
Underlying currency | EUR |
Price underlying | 33.37 EUR |
Date | 2024/08/30 17:35:08 |
Strike | 63.2240 EUR |
Strike distance in % | 89.46% |
Barrier | 60.7240 EUR |
Barrier distance | 27.35 EUR |
Barrier distance in % | 81.97% |
Knocked out | no |
Pay back value | - |
Leverage | 1.11 |
Multiplier | 0.1000000 |
Start price product | 0.99 |
Currency | EUR |
Issue date | 2017/09/22 |
First trading day | 2017/09/22 |
Last trading day | Open end |
Maturity | Open end |
Quanto | no |
What are Turbos Long/Short? Turbos offer investors the chance to benefit at a disproportionate degree (leveraged) from a positive (Turbos Long) or negative (Turbos Short) development of the market. The leverage is produced by the considerably smaller size of investment required for this product in comparison with the direct investment in the underlying instrument (e.g. shares, indices, or commodities). As a basic rule, the lower the purchase price of the Turbo, the higher the leverage. Just like an option, the Turbo, too, has a strike price. This price is set by the issuer and is integral to the establishment of the leverage. The leverage is calculated by dividing the strike price by the price of the Turbo while bearing in mind the exchange ratio. In contrast to options, the leverage is largely independent of the intensity of fluctuation (i.e. volatility) of the underlying. The price of a Turbo depends on the performance of the underlying, with the strike price and the barrier representing the crucial parameters. The margin between the price of the underlying and the strike price determines the intrinsic value of the Turbo. It changes in accordance with the price movements of the underlying, but at a disproportionate degree due to the respective leverage. Once the price of the underlying reaches or falls below (Turbos Long), or reaches or rises above (Turbos Short) the barrier, the product becomes worthless immediately, and investors receive at best a marginal residual compensation. Even slight fluctuations of the underlying can trigger gains for the investor on account of the leverage effect. However, the high potential return is juxtaposed by the possible total loss of the capital invested. How do Turbos Short work? With a Turbo Short, investors benefit disproportionately from falling prices of the underlying. Price movements in the underlying are levered in accordance with the chosen strike price. The intrinsic value is equal to the difference between the strike price and the price of the underlying. This means that the price of the Turbo Short rises when the price of the underlying falls. The barrier of Turbo Short is above the current price of the underlying. If the price of the underlying increases to or beyond the barrier, the investor incurs a total loss of capital or investors receive at best a marginal residual compensation. |
Today open | 2.98 |
Today high | 3.00 |
Today low | 2.96 |
Close (previous day) | 3.00 |
Spread in % | 1.00 % |
Spread absolute | 0.03 |
Spread harmonised | 0.30 |
High price (52 weeks) | 3.90 |
Low price (52 weeks) | 2.96 |
Performance YTD in % | -14.10% |
Performance 1 month in % | -4.48% |
Performance 6 months in % | -19.54% |
Performance 1 year in % | -10.49% |
Performance 3 years in % | +34.16% |
Performance 5 years in % | +0.34% |
Performance since inception in % | +201.52% |
2024/08/30 17:28:55 | |
---|---|
Bid | Ask |
2.97 | 3.00 |
Difference | -0.33% (-0.01) |
Date: 2024/08/30 17:35:08 | |
---|---|
Underlying Quote | |
33.37 EUR | |
Difference | +0.39% (0.13) |
Name | FRESENIUS SE |
ISIN | - |
Stock exchange (underlying) | GER |
Currency (underlying) | EUR |
Start value underlying | 70.3700 |
Price | 33.37 |
Time | 24/08/30 - 17:35:08 |
Change in % | 0.39% |
Today high | 33.61 |
Today low | 33.20 |
High price (52 weeks) | 33.61 |
Low price (52 weeks) | 23.93 |
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“).
The publication and distribution of information as well as offering and selling of products and services described on the Websites is prohibited by law in some jurisdictions. For this reason, persons in countries in which the publication as well as the offering and selling of products and services described on the Websites are not permitted by law, must not enter the Websites and/or acquire the products displayed on the Websites.
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.
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.