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Erste Group EURO STOXX® Banks Express Anleihe III 2018-2023


Date: 2023/01/27 17:25:35
Bid Ask
122.60 -
Difference 0.08% (0.10)

General attributes

Type of bondErste Group structured bonds
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon-
Coupon stylezerobond
Coupon payment date2023/08/20
Coupon payment periodannually
Yield to maturity p.a. (before tax)-
Value date2018/08/30
Repayment value0.00
Minimum unit1,000

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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.
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


The underlying of this bond is the EURO STOXX® Banks Price Index (underlying).

The EURO STOXX® Banks Price Index is an equity index containing 27 large stock-exchange listed financial institutions in Europe. The index represents companies with a market capitalization of 566 Billion EUR. Further information on the index can be found at 

The bond comes with a fixed maturity of five years unless it is called prior to the end of maturity. There is an automatic early redemption, if the closing price of the EURO STOXX® Banks Price Index is at or above the redemption barrier on one of the valuation dates. In this case investors receive the respective early redemption amount (100.00 % + 5.70 % for each year) on the repayment date (30/08).

If the Bond has not been redeemed on any of the previous early repayment dates, there are two possibilities at maturity:

1. If the closing price of the EURO STOXX® Banks Price Index is at or above the final-redemption-barrier on the last valuation date (23/08/2023), then investors receive the nominal amount of 100 % + 28.50 % (equals 5 x 5.70 %).

2. If the closing price of the EURO STOXX® Banks Price Index is below the final-redemption-barrier on the last valuation date (23/08/2023) then investors receive a redemption amount according to the performance of the index. There is no interest payment at maturity. In this case there is a capital loss.

Payment notes

This bond offers the chance of an early redemption, depending on the performance of the underlying.


This bond will be redeemed on 30/08/2023, unless the bond was called early.

Secondary market

The bond will be issued on a continuous basis and publicly offered in Germany, Austria and Romania. 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 Wiener Börse 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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