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10.00 % ERSTE Protect Artificial Intelligence 23-24


ISIN:
AT0000A32Y70
WKN:
EB09SD
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Bid Ask
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Difference - (-)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
CurrencyEUR
UnderlyingMICROSOFT
ORACLE
ALPHABET
Strike Date2023/03/30
Maturity2024/03/31
Coupon10.000%
Barrier in %60.00%
Barrier reachedno

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Final TermsPDF Download


Legal note

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).

Underlyings

Underlying Name and ISINCurrencyStrikeBarrierPrice underlyingBarrier distance in %No of shares for redemption
MICROSOFT
US5949181045
USD284.0500170.4300420.7259.49%-
ORACLE
US68389X1054
USD90.510054.3060125.6156.77%-
ALPHABET
US02079K1079
USD101.320060.7920152.2660.07%-

Secondary market

The bond will be issued on a continuous basis and publicly offered in Germany, Austria, Czech Republic, Romania and Croatia. From the issue date onwards the bond can basically be traded on a stock exchange or over-the-counter. Under normal trading conditions the issuer will continuously quote indicative prices. Listing at Vienna Stock Exchange (official market) and at unofficial market of Stuttgarter Wertpapierbörse (Baden-Württembergische Wertpapierbörse) is scheduled. The decision about the admission to the respective market and the actual listing will be taken by the board of the respective stock exchanges. From admission onwards the bond can be traded on each stock exchange during trading hours.


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Bid Ask
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Difference - (-)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Stock exchangeVIE, STU
UnderlyingMICROSOFT
ORACLE
ALPHABET
Issue date2023/03/31
Issue price100.00%
Coupon10.000%
Barrier in %60.00%
Barrier reachedno
Quantoyes
Nominal amount1,000.00
CurrencyEUR

Reverse convertibles | Description

This protect reverse convertible bond (worst-of) refers to the shares of Microsoft Corporation, Oracle Corporation and Alphabet Inc. Class C (underlyings). The bond has a term of one year (maturity 31/03/2024) and a risk buffer (=barrier; "protect").

Investors receive a fixed coupon of 10.00 % p.a. on the nominal amount upon maturity, regardless of the performance of the underlyings.

The redemption of the nominal amount at maturity depends on the performance of the underlyings:

  1. The closing prices of all underlyings are always above the barrier (60.00 % of the strike price) during the observation period, 03/02/2023 (excl.) - 30/01/2024 (incl.). In this case investors receive the nominal amount.

  2. At least one underlying is at or below its barrier during the observation period. However, on the valuation date all underlyings are above the strike price. In this case investors receive the nominal amount.

  3. The barrier was reached or broken by at least one underlying during the observation period and the closing price of at least one underlying is below the strike price on the valuation date. In this case shares of the underlying which had the worst performance (worst-of) are delivered according to the ratio. 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 valuation date. The bond is thereby currency-hedged ("quanto"). Fractions of a share are settled in cash in EUR.

Price information

Today open-
Today high-
Today low-
Close (previous day)-
Spread in %1.00 %
Spread absolute1.00
Spread harmonised-
High price (52 weeks)-
Low price (52 weeks)-

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 %-


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Bid Ask
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Difference - (-)

Date: 2024/03/28 21:30:00
Underlying Quote
420.72 USD
Difference -0.17% (-0.71)

General attributes underlying

NameMICROSOFT
ISINUS5949181045
Stock exchange (underlying)NMS
Currency (underlying)USD
Price420.72
Time24/03/28 - 21:30:00
Start value underlying284.0500
Strike284.0500
Barrier170.4300
Barrier distance250.29
Barrier distance in %59.49%
No of shares for redemption-
Today high421.81
Today low419.12
High price (52 weeks)430.82
Low price (52 weeks)275.37


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

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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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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