| Date: 2023/09/22 17:10:26 | |
|---|---|
| Bid | Ask |
| 62.95 | - |
| Difference | 3.24% (2.00) |
General attributes
| Type of bond | Erste Group structured bonds |
| Bond style | senior |
| Issuer type | financial institution |
| Country of issue | AT |
| Current coupon | 14.500% |
| Coupon style | variable |
| Coupon payment date | 2024/06/30 |
| Coupon payment period | annually |
| Yield to maturity p.a. (before tax) | - |
| Value date | 2021/06/30 |
| Maturity | 2026/06/30 |
| Repayment value | 0.00 |
| Currency | EUR |
| Minimum unit | 1,000 |
PDF Downloads
| Final Terms |  |
| Key Information Document | |
Productnews
| 2022/12/19 Corporate Action Volkswagen AG |
| 2021/06/30 Initial value: ERSTE Memory Express Bond on Volkswagen AG 21-26 (AT0000A2RHV1) |
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| Advantages | Risks you should be aware of |
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Description
The underlying of this bond is the Volkswagen 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 7.25 % 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: |
Payment notes
This bond offers the chance of a periodical coupon of 7.25 % and a possible early redemption at 100% of nominal value, depending on the performance of the underlying |
Settlement
| This bond will be redeemed on 30/06/2026, 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 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. |