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Erste Group Discount certificate OMV 18.03.2022


ISIN:
AT0000A2RGH2
WKN:
EB04TE

2021/06/15 11:29:32
Bid Ask
44.23 44.67
Difference -0.20% (-0.09)

General attributes

IssuerErste Group Bank AG
Product typeDiscount certificates
CurrencyEUR
UnderlyingOMV
Price underlying49.9200 EUR
Date2021/06/15 11:14:24
Multiplier1.0000000
Discount5.20 EUR
Discount in %10.43%
Sideward yield in %5.29%
Sideward yield in % p.a.6.99%
Max. profit2.33
Max. profit in %5.22%
Max. profit in % p.a.6.96%
Cap47.0000 EUR
Cap in %94.15%
Maturity2022/03/18

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

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Final termsPDF Download
Key Information DocumentPDF Download




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
Advantages Risks you should be aware of
  • Improved return profile: positive yields possible even with stagnating or slightly falling prices of the underlying
  • The purchase at a discount provides the investor with a yield advantage over the underlying
  • Comfortable safety buffer – discount absorbs possible losses of the underlying
  • The redemption depends on the development of the underlying. Said underlying is subject to the fluctuations of the capital market.
  • The possible return is limited by a cap.
  • The discount certificate may be subject to price fluctuations during its life. The investor may incur a capital loss of up to 100% since discount certificates do not come with a capital guarantee. 
  • Redemption hinges on the solvency of Erste Group Bank AG (default risk).
  • Discount certificates 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.


2021/06/15 11:29:32
Bid Ask
44.23 44.67
Difference -0.20% (-0.09)

General attributes

IssuerErste Group Bank AG
Product typeDiscount certificates
Stock exchangeVIE, STU
UnderlyingOMV
Underlying ISINAT0000743059
Underlying stock exchangeVIE
Underlying currencyEUR
Multiplier1.0000000
Issue date2021/05/26
Issue price43.10
Start value underlying46.6700
Maturity2022/03/18
First trading day2021/05/26
Last trading day2022/03/16
Discount5.20 EUR
Discount in %10.43%
Sideward yield in %5.29%
Sideward yield in % p.a.6.99%
Max. profit2.33
Max. profit in %5.22%
Max. profit in % p.a.6.96%
Cap47.0000 EUR
Cap in %94.15%
Max. redemption amount47.00
Quantono
CurrencyEUR

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

Discount certificates | Description

What are discount certificates?

Discount certificates offer a yield advantage over the direct investment due to the lower purchase price: investors buy the respective underlying instrument at a discount. Such underlying instruments may be shares, indices etc.

The holders of discount certificates can achieve an attractive yield even in the case of the price of the underlying instrument moving sideways or falling slightly. At the same time the discount lightly reduces the risk of a potential loss of capital. In return, investors participate only up to a certain limit – the cap – in the potential price increase of the underlying. Therefore discount certificates are suitable for risk-conscious investors who do not expect the underlying to experience any major price jumps either way.
 

How do discount certificates work?

Redemption depends on the development of the price of the underlying instrument. At the end of maturity, two scenarios are possible: ideally, the cap is paid out as fixed maximum amount. If the price of the underlying is below the cap, redemption is either executed by transferring a certain number of units of the underlying (physical delivery), or by cash settlement. This means that the value of the discount certificate is credited to the investor’s account. Investors achieve a positive return as long as the price of the underlying does not fall below the purchase price of the discount certificate. Only then would the investor incur a capital loss. In comparison with the direct investment in the underlying, discount certificates increase the probability of achieving a profit while at the same time reducing the risk. However, the investor has to bear in mind that he may in the worst case lose up to 100% of the capital invested.

The discount is based on the position of the cap. It converges to zero over the life of the certificate. As a result, this product yields a positive return even if the price of the underlying remains unchanged. The dividends of the underlying make it possible to offer a discount.

Along with the discount, the choice of the cap provides additional protection against losses. The basic rule is: the lower the cap, the bigger the safety buffer. This means that on the basis of their terms, discount certificates can be tailor-made to suit any market expectation. Depending on the cap, the investor may benefit from rising, stagnating, or falling prices of the underlying instrument.

Price information

Today open44.40
Today high44.44
Today low44.15
Close (previous day)44.32
Spread in %0.99 %
Spread absolute0.44
Spread harmonised0.44
High price (52 weeks)44.40
Low price (52 weeks)41.61

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 %+3.05%


2021/06/15 11:29:32
Bid Ask
44.23 44.67
Difference -0.20% (-0.09)

Date: 2021/06/15 11:14:24
Underlying Quote
49.92 EUR
Difference -1.62% (-0.82)

General attributes underlying

NameOMV
ISINAT0000743059
Stock exchange (underlying)VIE
Currency (underlying)EUR
Start value underlying46.6700
Price49.92
Time21/06/15 - 11:14:24
Change in %-1.62%
Today high50.74
Today low49.65
High price (52 weeks)51.84
Low price (52 weeks)18.63


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

Know-How

In our know-how area you can find all relevant details on the different types of certificates. The tutorial gives you selected information about the functionality of structured products 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.

Contact

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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). 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.