|Date: 2022/10/05 08:25:50|
|Type of bond||Erste Group senior bonds|
|Issuer type||financial institution|
|Country of issue||AT|
|Coupon payment date||2022/12/02|
|Coupon payment period||quarterly|
|Yield to maturity p.a. (before tax)||-|
|Advantages||Risks you should be aware of|
|This bond is a security that pays a variable coupon and has a maturity of five years. At the end of maturity, the bond is redeemed at 100%. The bond comes with a quarterly coupon whose magnitude depends on the development of the 3M Euribor. The coupon is basically equivalent to the 3M Euribor p.a., but it comes with a floor (i.e. minimum coupon) of 1.75% p.a. and a cap (i.e. maximum coupon) of 3.00% p.a.|
If the 3M Euribor is traded below the floor or above the cap, the investor will receive said floor or cap (in terms of face value).
|This bond offers a variable coupon with a floor of 1.75% and a cap of 3.00% p.a.|
|This bond will be redeemed on 02/09/2022 at 100 % of face value (subject to the default risk of Erste Group Bank AG).|
|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.|
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