Questions on securities

Monday - Friday 09:00-17:00

Quick guide

Choose your country

4.50% ERSTE Multi Fix Coupon Express Bond US Technology 22-26


Date: 2024/05/24 17:25:29
Bid Ask
81.75 83.25
Difference 0.73% (0.60)

General attributes

Type of bondErste Group structured bonds
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon4.500%
Coupon stylefix
Coupon payment date2025/03/03
Coupon payment periodannually
Yield to maturity p.a. (before tax)16.05%
Value date2022/03/03
Repayment value0.00
Minimum unit1,000

PDF Downloads

Final TermsPDF Download
Key Information DocumentPDF Download

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


This express bond refers to the shares of Intel Corporation and Apple Inc. (underlyings). The bond offers an interest payment of 4.50 % based on the nominal amount on the interest payment dates. The bond comes with a fixed maturity of four 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 underlyings on the last observation day (final reference price).

Unless the bond was called early, it will be redeemed at the maturity date as follows:
a) if the final reference price of all underlyings is at or above the final redemption barrier, the bond is redeemed at 100% of nominal value plus the interest payments that have accrued by that point in time;
b )if the closing price of the underlying with the worst performance is below the final-redemption-barrier on the last valuation date, then investors receive a predetermined number of shares of the underlying with the worst performance (worst-of), plus the interest payment of 4.50 % for the final year. Fractions of shares are settled in cash. In this case, there is a capital loss. Since the underlyings are quoted in a different currency than the bond, the exercise price is converted on the basis of the relevant exchange rate on the valuation date.

Payment notes

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


This bond will be redeemed on 03/03/2026, unless the bond was called early.

Secondary market

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



In our know-how area you can find all relevant details on the different types of bonds. The tutorial gives you selected information about the functionality of bonds and assists you in making your investment decision. In our glossary we explain the most important keywords and within the FAQ section you can find answers to the most common questions concerning this topic.


Do you have any further questions which are not covered in our know-how area? Please ask directly our product specialists via our contact form.


We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.


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.