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ERSTE Megatrends Garant V (DE) 19-28

ISIN:
AT0000A28DH5
WKN:
EB0FQ3

Date: 2019/07/18 09:44:35
Bid Ask
99.50 101.00
Difference 0.00% (0.00)

General attributes

Type of bondErste Group structured bonds
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon-
Coupon stylezerobond
Coupon payment date2028/06/28
Coupon payment periodannually
Yield to maturity p.a. (before tax)-
Value date2019/06/28
Maturity2028/06/28
Repayment value0.00
CurrencyEUR
Minimum unit1,000

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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
  • 100.00 % participation up to the cap
  • Redemption of at least 100.00 % of nominal value
  • Investors are subject to the risk of the insolvency and thus default of the issuer and may incur capital losses of up to 100%.
  • Redemption is capped at 160.00 % of nominal value.
  • During the life of the bond, price fluctuations are possible that my cause losses.

Description

This bond refers to the Solactive Megatrends RISE Index (the underlying). It has a fixed maturity of nine years and falls due on 28/06/2028 (due date). During the life of the bond no interest accrues, and the investors do not receive any ongoing return (such as for example dividends). The redemption at the end of maturity depends on the performance of the underlying and may amount to a minimum of 100.00 % of nominal value (minimum redemption price) and to a maximum of 160.00 % of nominal value (maximum redemption price). The investor can participate in the positive performance of the underlying up to a cap of 60.00 %. Beyond the cap investors do not participate in the positive performance of the underlying.

The redemption price is established as follows:
(a) if the performance is at or above the cap, the bond is redeemed at 160.00 % of its nominal value (maximum redemption price);
(b) if the performance is below the cap, then the redemption amount equals the performance of the underlying multiplied by the nominal value, but at least 100.00 % of nominal value (minimum redemption price).

Payment notes

During the life of the bond no interest accrues.

Settlement

This bond will be redeemed on 28/06/2028.

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 Stuttgarter Wertpapierbörse (Baden-Württembergische 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.

Basiswert


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