Questions on securities

Monday - Friday 09:00-17:00

Quick guide

Choose your country

Erste Group Bonitätsabhängige Anleihe auf Daimler AG 2013-2021


Date: 2021/03/05 17:33:28
Bid Ask
101.716 -
Difference 0.00% (0.00)

General attributes

Type of bondErste Group credit linked notes
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Reference entities

Daimler AG

Current coupon3.500%
Coupon stylestep up
Coupon payment date2021/10/20
Coupon payment periodannually
Yield to maturity p.a. (before tax)-
Value date2013/09/04
Repayment value100.00
Minimum unit1000

PDF Downloads

Final TermsPDF Download

Scale: ABS REL         Instrument

Add Benchmark:

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
  • attractive coupon (subject to the occurrence of a credit event)
  • long-term investment
  • By combining two debtors a credit-linked note pays a relatively high coupon.
  • Default risk of the reference debtor, Daimler AG
  • Investors are subject to the risk of the issuer’s insolvency and thus default. This means that in case of the issuer’s default, the investor may incur losses of up to 100%.
  • The 100% capital guarantee on the nominal value only applies in the absence of any credit event (subject to the default risk associated with Erste Group Bank AG).
  • The price of the bond may fluctuate during its life, which can lead to price losses.
  • The fixed interest coupon is paid on 20 October of each year, subject to the occurrence of a credit event.
  • In case of a credit event redemption may be pushed back beyond the due date.


The "Erste Group Bonitätsabhängige Anleihe auf Daimler AG 2013-2021" is a credit-linked bearer bond issued by Erste Group Bank AG with a maturity of about eight years, unless a credit event occurs with regard to the reference debtor, Daimler AG, in which case the bond would be redeemed prior to maturity.

The annual coupon and the redemption depend on the reference debtor not incurring a credit event. In the absence of a credit event, the investor receives a coupon payment on the respective interest date, and the "Erste Group Bonitätsabhängige Anleihe auf Daimler AG 2013-2021" is redeemed at the end of maturity at nominal value (subject to the default risk of Erste Group Bank AG).

The risk of (up to) a total loss of capital is represented by the occurrence of a credit event at the reference debtor. In this case all future interest payments are void, and the bond is redeemed prior to maturity in a cash clearing transaction, which may amount to zero.

The insolvency of the reference debtor, his default on debt, and debt restructuring (e.g. a cut in the interest rate or the redemption amount, the extension of the maturity of a debt) are regarded as credit events. A default on debt is any situation where the reference debtor fails to make payment due with respect to one or more liabilities on the due date and at the place of payment, with the total amounting to at least the defined payment threshold.

Said payment threshold amounts to USD 1,000,000 or the equivalent in the currency owed (i.e. the currency the respective debt owed by the reference debtor is denominated in) at the time of non-payment or potential non-payment.

The product is geared to investors who do not expect the reference debtor to incur a credit event during the life of the bond. In this case the interest payments may result in a yield superior to that offered by comparable bonds issued by the reference debtor.

Payment notes

This bearer bond that depends on the credit risk of the reference debtor pays a increasing interest rate from 3.00% up to 3.50% p.a. However, payment is subject to the occurrence of a credit event.


This bearer bond that depends on the credit risk of the reference debtor is redeemed on 20 October 2021 at 100% of nominal value, subject to the occurrence of a credit event and the default risk of Erste Group Bank AG.

Secondary market

The bearer bond will be publicly offered in Germany and listed in Austria. Listing at Baden-Württembergische Wertpapierbörse as well at Frankfurter Wertpapierbörse (unofficial market) is scheduled for 4 September 2013. From the value date onwards the bearer bond 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 bond. The issuer will, as a rule, continuously quote prices, but is not obligated to do so. Neither is the issuer obligated to redeem the bonds. During the life of the bond its price will be significantly determined by the general development of interest rates, the fluctuations on the capital market, the rating of the reference debtor and the general economic scenario.



In our know-how area you can find all relevant details on the different types of bonds. The tutorial gives you selected information about the functionality of bonds 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.


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.


We use cookies and web analysis software to give you the best possible experience on our website. By continuing to browse this website, you consent for these tools to be used. For more details and how to opt out of these, please read our Data protection policy.


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.