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7.75% ERSTE Fix Coupon Express Bond on Netflix Inc 23-27


Date: 2024/06/13 17:25:36
Bid Ask
105.95 -
Difference -0.05% (-0.05)

General attributes

Type of bondErste Group structured bonds
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon7.750%
Coupon stylefix
Coupon payment date2024/08/02
Coupon payment periodannually
Yield to maturity p.a. (before tax)5.11%
Value date2023/08/02
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 Netflix Inc share (underlying). The bond offers an interest payment of 7.75 % 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 underlying 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 the underlying 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 final reference price of the underlying is below the final redemption barrier, the investor receives the number of shares of the underlying as specified by the exchange ratio. Fractional share certificates are not delivered; instead, any fractional amounts are settled in cash. Since the underlying is  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 underlying.


This bond will be redeemed on 02/08/2027, unless the bond was called early.

Secondary market

The bond will be issued on a continuous basis and publicly offered in Germany, Austria, Romania and Croatia. 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 Vienna Stock Exchange (official market) and at unofficial market of 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.



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