| Date: 2024/09/20 14:19:04 | |
|---|---|
| Bid | Ask |
| 100.189 | - |
| Difference | 0.01% (0.01) |
General attributes
| Type of bond | Erste Group credit linked notes |
| Bond style | senior |
| Issuer type | financial institution |
| Country of issue | AT |
| Reference entities | - |
| Current coupon | 4.000% |
| Coupon style | step up |
| Coupon payment date | 2025/01/20 |
| Coupon payment period | annually |
| Yield to maturity p.a. (before tax) | - |
| Value date | 2014/10/01 |
| Maturity | 2025/01/20 |
| Repayment value | 100.00 |
| Currency | EUR |
| Minimum unit | 1000 |
PDF Downloads
| Final Terms |  |
| Key Information Document | |
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 |
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Description
| This bond refers to AXA S.A., Commerzbank AG and Bayerische Landesbank (reference debtors). It has a fixed maturity and falls due on 20.10.2024 (due date). The magnitude of coupon and redemption payments basically depend on the creditworthiness of the reference debtor. In one of the following events affecting the solvency of the reference debtors (a "credit event"), coupon payment and redemption are reduced. The following events represent a credit event: - bankruptcy - failure to pay - restructuring In the absence of a credit event, the investor receives a coupon payment and the bond is redeemed at the end of maturity at 100% of face value. If any reference debtor is subject to a credit event, the face value is reduced by the reduction rate of the reference debtor affected. As a result, the coupon payments after the credit event are reduced accordingly, and the bond is redeemed at the cash settlement amount on the due date. If all reference debtors have been subject to a credit event during the observation period, no further coupon payments are made. There is no redemption as the cash settlement equals zero. |
Payment notes
| This credit-linked bond pays a coupon of initially 2.00% p.a. that is gradually increased in steps to 4.00% p.a., provided no credit event has occured. |
Settlement
| This credit-linked bond will be redeemed on 20. January 2025 at 100 % of face value, provided no credit event has occured and subject to the default risk of Erste Group Bank AG. |
Secondary market
| The bond will be issued on a continuous basis and publicly offered in Germany. 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 the unofficial market of Stuttgarter Wertpapierbörse (Baden-Württembergische Wertpapierbörse) and Frankfurter 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. |