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6.00 % ERSTE Protect Multi US-Technology 19-20


ISIN:
AT0000A2B477
WKN:
EB0FTP

2019/11/15 07:58:42
Bid Ask
- 100.50
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
CurrencyEUR
UnderlyingAPPLE
AMAZON
ALPHABET
Strike Date2019/11/27
Maturity2020/11/29
Coupon6.000%
Barrier in %60.00%
Barrier reachedno

PDF Downloads

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

Underlyings

Underlying Name and ISINCurrencyStrikeBarrierPrice underlyingBarrier distance in %No of shares for redemption
APPLE
US0378331005
USD--265.76--
AMAZON
US0231351067
USD--1,739.49--
ALPHABET
US02079K1079
USD--1,334.87--
Advantages Risks you should be aware of
  • You receive a fixed coupon of 6.00 % p.a. independent of the performance of the underlyings.
  • Additional risk buffer of 40 % in case of falling prices of the underlyings.
  • Chance to profit even if the share price is slightly falling.
  • Erste Group Bank AG will set quotes for this product during the term, but is not obliged to.
  • The exchange rate of the currency of the protect multi reverse convertible (EUR) and the currency of the underlyings has no direct impact on the redemption amount.
  • There is no capital guarantee for this product.
  • During the term price fluctuations of the reverse convertible are possible and premature sales may lead to capital loss. Limited trading of the product is possible.
  • The earnings are capped at 6.00 % p.a. even if the underlyings have a better performance.
  • The investor bears the issuer risk of Erste Group Bank AG.
  • In case the redemption is below 100.00 % of the nominal amount, capital loss may occur. A total loss of invested capital is possible.

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 the unofficial market of Stuttgarter Wertpapierbörse (Baden-Württembergische Wertpapierbörse) and Börse Wien 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.


Disclaimer

The complete information with regard to this financial product, in particular with regard to the terms and information about the issuer, are contained in the Terms and Conditions as well as the. Base Prospectus (incl. all prospectus supplements), hereinafter jointly referred to as prospectus. The offer, purchase, and sale of this financial product are exclusively subject to the terms and conditions laid down in the respective prospectus. The final terms and conditions are subject to Austrian law. The supply of this financial product may be limited. A Base Prospectus has been drawn up and approved by the Austrian Financial Markets Authority (FMA). The Base Prospectus was submitted to the German Federal Financial Supervisory Authority by the Austrian Financial Markets Authority in accordance with section 8b of the Austrian Capital Markets Act and section 17 (3) of the German Security Prospectus Act. The Final Terms are deposited with the FMA. The German Federal Supervisory Authority was informed of said Terms. The complete information on the Financial Instrument (Base Prospectus, Final Terms, supplements, if any, customer information) can be obtained free of charge upon request at the issuer's registered office at Am Belvedere 1, 1100 Vienna during regular business hours and can also be downloaded electronically from the website of Erste Group Bank AG at www.erstegroup.com.

This document serves to provide our investors additional information and is based on the level of knowledge of the person entrusted with drawing up the document at the date of preparation. Our analyses and conclusions are of a general nature and do not take into account the individual circumstances and needs regarding income potential, tax situation and the level of risk he or she is prepared to undertake. Information about previous performance does not guarantee future performance. Erste Group is not responsible for printing or typographical errors. This issue will be offered as a tap issue and will be made available to the public in Austria.

The distribution of this information and the sale of the financial product described herein may be restricted or prohibited in some countries. This applies in particular to Australia, UK, Canada, Japan, and the USA. The distribution of this information and the offer and sale of this financial product within the USA or to US citizens (as defined by Regulation S of the U.S. Securities Act of 1933 as amended from time to time) are prohibited unless US Federal or State law provides for an exception.
2019/11/15 07:58:42
Bid Ask
- 100.50
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Stock exchangeVIE, STU
UnderlyingAPPLE
AMAZON
ALPHABET
Issue date2019/11/29
Issue price100.00%
Coupon6.000%
Barrier in %60.00%
Barrier reachedno
Quantono
Nominal amount1,000.00
CurrencyEUR

Reverse convertibles | Description

This protect multi reverse convertible refers to the shares of Apple Inc., Amazon.com and Alphabet Inc. Class C. The protect multi reverse convertible has a fixed term (maturity date 29/11/2020) and a risk buffer (= barrier; "protect").

At maturity investors receive an interest payment of 6.00 % p.a. based on the nominal amount (EUR 1,000), regardless of the performance of the underlying.

The repayment of the nominal value at maturity depends on the performance of the underlyings during the observation period:

1. The reverse convertible is redeemed at 100.00 % of nominal amount as long as the daily closing price of each underlying does not touch or fall below the barrier during the observation period.

2. If the closing price of at least one underlying is below its respective barrier at least once during the observation period, then investors receive a redemption amount that equals the nominal amount multiplied by the performance of the underlying which had the worst performance. In this case, the redemption amount can be below the nominal amount or even be zero, whereas the maximum amount for redemption is 100.00 % of nominal amount.

Price information

Today open100.50
Today high100.50
Today low100.50
Close (previous day)100.50
Spread in %0 % %
Spread absolute0.00
Spread harmonised-
High price (52 weeks)100.50
Low price (52 weeks)100.00

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 %-


2019/11/15 07:58:42
Bid Ask
- 100.50
Difference 0.00% (0.00)

Date: 2019/11/15 22:15:00
Underlying Quote
265.76 USD
Difference +1.19% (3.12)

General attributes underlying

NameAPPLE
ISINUS0378331005
Stock exchange (underlying)NMS
Currency (underlying)USD
Price265.76
Time19/11/15 - 22:15:00
Start value underlying-
Strike-
Barrier-
Barrier distance-
Barrier distance in %-
No of shares for redemption-
Today high265.78
Today low263.01
High price (52 weeks)265.78
Low price (52 weeks)142.00


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

Recent research



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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.