2024/10/08 17:26:40 | |
---|---|
Bid | Ask |
5.70 | 5.74 |
Difference | -0.17% (-0.01) |
Issuer | Erste Group Bank AG |
Product type | Turbos |
Long/ Short | long |
Currency | EUR |
Underlying | ALLIANZ |
Price underlying | 290.90 EUR |
Date | 2024/10/08 17:35:26 |
Strike | 234.8579 EUR |
Strike distance in % | 19.27% |
Barrier | 239.8579 EUR |
Barrier distance | 51.04 EUR |
Barrier distance in % | 17.55% |
Knocked out | no |
Pay back value | - |
Leverage | 5.07 |
Multiplier | 0.1000000 |
Maturity | Open end |
Advantages | Risks you should be aware of |
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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. |
2024/10/08 17:26:40 | |
---|---|
Bid | Ask |
5.70 | 5.74 |
Difference | -0.17% (-0.01) |
Issuer | Erste Group Bank AG |
Product type | Turbos |
Long/ Short | long |
Stock exchange | VIE, STU |
Underlying | ALLIANZ |
Underlying ISIN | DE0008404005 |
Underlying stock exchange | GER |
Underlying currency | EUR |
Price underlying | 290.90 EUR |
Date | 2024/10/08 17:35:26 |
Strike | 234.8579 EUR |
Strike distance in % | 19.27% |
Barrier | 239.8579 EUR |
Barrier distance | 51.04 EUR |
Barrier distance in % | 17.55% |
Knocked out | no |
Pay back value | - |
Leverage | 5.07 |
Multiplier | 0.1000000 |
Start price product | 1.35 |
Currency | EUR |
Issue date | 2023/12/20 |
First trading day | 2023/12/20 |
Last trading day | Open end |
Maturity | Open end |
Quanto | no |
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. |
Today open | 5.47 |
Today high | 5.82 |
Today low | 5.43 |
Close (previous day) | 5.73 |
Spread in % | 0.70 % |
Spread absolute | 0.04 |
Spread harmonised | 0.40 |
High price (52 weeks) | - |
Low price (52 weeks) | - |
Performance YTD in % | +483.67% |
Performance 1 month in % | +22.62% |
Performance 6 months in % | +82.17% |
Performance 1 year in % | - |
Performance 3 years in % | - |
Performance 5 years in % | - |
Performance since inception in % | +322.22% |
2024/10/08 17:26:40 | |
---|---|
Bid | Ask |
5.70 | 5.74 |
Difference | -0.17% (-0.01) |
Date: 2024/10/08 17:35:26 | |
---|---|
Underlying Quote | |
290.90 EUR | |
Difference | -0.48% (-1.40) |
Name | ALLIANZ |
ISIN | - |
Stock exchange (underlying) | GER |
Currency (underlying) | EUR |
Start value underlying | 245.6500 |
Price | 290.90 |
Time | 24/10/08 - 17:35:26 |
Change in % | -0.48% |
Today high | 292.90 |
Today low | 288.90 |
High price (52 weeks) | 297.30 |
Low price (52 weeks) | 215.75 |
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“).
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