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Erste Group Turbo long ANDRITZ Open end

ISIN:
AT0000A28FS7
WKN:
EB0YKF
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Bid Ask
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Difference - (-)

General attributes

IssuerErste Group Bank AG
Product typeTurbos
Long/ Shortlong
CurrencyEUR
UnderlyingANDRITZ
Price underlying30.38 EUR
Date2019/07/18 17:35:05
Strike28.0227 EUR
Strike distance in %-
Barrier30.0227 EUR
Barrier distance-
Barrier distance in %-
Knocked outyes / 2019/07/11
Pay back value0.200
Leverage-
Multiplier0.1000000
MaturityOpen end

The calculation of the key figures is based on the most recently delivered price of the underlying (see date/time stamp in tab underlying).

Note for futures as underlyings: due to differing roll-over dates the displayed data for the underlying may vary from the actually used future for the product.

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Final termsPDF Download


Advantages Risks you should be aware of
  • Chance of unlimited gains if the price of the underlying increases
  • Disproportionate participation in the performance of the underlying (leverage effect)
  • Limited influence of time value and volatility of the underlying
  • The leverage effect causes increased price fluctuations during the life of the product and harbours the risk of disproportionate losses of up to 100% of capital invested.
  • The risk of a total loss of capital invested may materialise already as soon as the barrier has been touched or crossed for the first time.
  • Redemption hinges on the solvency of Erste Group Bank AG (default risk).
  • Turbos Long are generally subject to the risks outlined in the respective prospectus

Secondary market

From the value date onwards the certificates can be traded on each stock exchange day during trading hours. However, Erste Group Bank AG cannot guarantee the existence or maintenance of an active market throughout the entire life of the certificate. The issuer will, as a rule, continuously quote prices, but is not obligated to do so. Neither is the issuer obligated to redeem the certificates. During the life of the certificate its price will be significantly determined by the general development of interest rates, the fluctuations on the capital market, and the general economic scenario.


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Bid Ask
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Difference - (-)

General attributes

IssuerErste Group Bank AG
Product typeTurbos
Long/ Shortlong
Stock exchangeVIE, STU
UnderlyingANDRITZ
Underlying ISINAT0000730007
Underlying stock exchangeVIE
Underlying currencyEUR
Price underlying30.38 EUR
Date2019/07/18 17:35:05
Strike28.0227 EUR
Strike distance in %-
Barrier30.0227 EUR
Barrier distance-
Barrier distance in %-
Knocked outyes / 2019/07/11
Pay back value0.200
Leverage-
Multiplier0.1000000
Issue date2019/06/18
Start price product0.47
MaturityOpen end
First trading day2019/06/18
Last trading day2019/07/11
Quantono

The calculation of the key figures is based on the most recently delivered price of the underlying (see date/time stamp in tab underlying).

Note for futures as underlyings: due to differing roll-over dates the displayed data for the underlying may vary from the actually used future for the product.

Turbos | Description

What are Turbos Long/Short?

Turbos offer investors the chance to benefit at a disproportionate degree (leveraged) from a positive (Turbos Long) or negative (Turbos Short) development of the market. The leverage is produced by the considerably smaller size of investment required for this product in comparison with the direct investment in the underlying instrument (e.g. shares, indices, or commodities). As a basic rule, the lower the purchase price of the Turbo, the higher the leverage. Just like an option, the Turbo, too, has a strike price. This price is set by the issuer and is integral to the establishment of the leverage. The leverage is calculated by dividing the strike price by the price of the Turbo while bearing in mind the exchange ratio. In contrast to options, the leverage is largely independent of the intensity of fluctuation (i.e. volatility) of the underlying.

The price of a Turbo depends on the performance of the underlying, with the strike price and the barrier representing the crucial parameters. The margin between the price of the underlying and the strike price determines the intrinsic value of the Turbo. It changes in accordance with the price movements of the underlying, but at a disproportionate degree due to the respective leverage. Once the price of the underlying reaches or falls below (Turbos Long), or reaches or rises above (Turbos Short) the barrier, the product becomes worthless immediately, and investors receive at best a marginal residual compensation.

Even slight fluctuations of the underlying can trigger gains for the investor on account of the leverage effect. However, the high potential return is juxtaposed by the possible total loss of the capital invested.


How do Turbos Long work?

With a Turbo Long investors benefit disproportionately from rising prices of the underlying. Price movements in the underlying are levered in accordance with the chosen strike price. The intrinsic value is equal to the difference between the price of the underlying and the strike price. This means that the price of the Turbo Long increases when the price of the underlying increases.

The barrier of Turbos Long is below the current price of the underlying. If the price of the underlying falls to or below the barrier, the investor incurs a total loss of capital or investors receive at best a marginal residual compensation.

Price information

Today open-
Today high-
Today low-
Close (previous day)-
Spread in %9.09 %
Spread absolute0.02
Spread harmonised0.20
High price (52 weeks)-
Low price (52 weeks)-

Performance

Performance YTD in %-
Performance 1 month in %-
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


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Bid Ask
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Difference - (-)

Date: 2019/07/18 17:35:05
Underlying Quote
30.38 EUR
Difference -2.88% (-0.90)

General attributes underlying

NameANDRITZ
ISINAT0000730007
Stock exchange (underlying)VIE
Currency (underlying)EUR
Start value underlying32.7200
Price30.38
Time19/07/18 - 17:35:05
Change in %-2.88%
Today high31.50
Today low30.28
High price (52 weeks)53.50
Low price (52 weeks)29.80

Note for futures as underlyings: due to differing roll-over dates the displayed data for the underlying may vary from the actually used future for the product.



Information about previous performance does not guarantee future performance.
Source: FactSet

Recent research



Know-How

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INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

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), citizen/resident of Australia, Canada, Great Britain and Japan. For this reason, the distribution or redistribution of the information, materials and products into United States, Australia, Canada, Great Britain and Japan 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.