|Date: - -|
|Type of bond||Erste Group senior bonds|
|Issuer type||financial institution|
|Country of issue||AT|
|Coupon payment date||-|
|Coupon payment period||quarterly|
|Yield to maturity p.a. (before tax)||-|
|Advantages||Risks you should be aware of|
|The "Erste Group Capped-Floored Floater 18 (2013-2020)" is a bearer bond issued by Erste Group Bank AG (the "issuer") with a maturity of seven years. The product comes with a quarterly, variable coupon and is redeemed at 100% at the end of maturity (subject to the default risk associated with the issuer). Terms of the variable coupon:|
quarterly payment at 3M Euribor p.a., a minimum of 1.50% p.a. and a maximum of 4.00% p.a. pro rata for the respective interest period. This means that every quarter a minimum of 1.50% p.a. is paid out as interest. However, quarterly interest payments are capped at 4.00% p.a. The 3M Euribor p.a. closing rate on the respective referential date applies to the immediately following interest period.
The bearer bond is geared to investors with a long-term investment horizon who
|This bearer bond pays a variable interest rate of at least 1.50% (floor) and at most 4.00% (cap) per year in terms of nominal value.|
|This bearer bond is redeemed on 6 February 2020 at 100% (subject to the default risk associated with Erste Group Bank AG).|
|The bearer bond will be publicly offered in Germany and listed in Austria. Listing at Baden-Württembergische Wertpapierbörse as well as at Frankfurter Wertpapierbörse is scheduled for 6 February 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, and the general economic scenario. The bearer bond will be issued on a continuous basis.|
|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.|
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