|Date: 2023/01/27 17:25:35|
|Type of bond||Erste Group structured bonds|
|Issuer type||financial institution|
|Country of issue||AT|
|Coupon payment date||2023/05/31|
|Coupon payment period||annually|
|Yield to maturity p.a. (before tax)||-|
Initial value: ERSTE Memory Express Bond on Continental AG 19-24 (AT0000A283Q0)
|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.|
The underlying of this bond is the Continental AG share. The bond pays a fixed coupon that is paid in dependence of the performance of the underlying. The bond comes with a fixed maturity of five years unless it is called prior to the end of maturity. The amount of redemption on the date of maturity depends on the closing price of the underlying on the last value date (final reference price).
Coupon: at the coupon date the investors receive a payment of 6.75 % in terms of nominal value if the closing price of the underlying is at or above the coupon barrier at the relevant value date. Otherwise the coupon payment at that coupon date is 0.00%. If coupon payments have lapsed at one or more coupon dates and the conditions for such payments are being met again at a later coupon date, the lapsed coupon payments will then be recovered (so-called memory function).
Unless the bond was called early, it will be redeemed at the maturity date as follows:
This bond offers the chance of a periodical coupon of 6.75 % and a possible early redemption at 100% of nominal value, depending on the performance of the underlying
|This bond will be redeemed on 31/05/2024, unless the bond was called early.|
|The bond will be issued on a continuous basis and publicly offered in Germany, Austria, Slovakia 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 Börse Wien 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.|
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.