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17.50 % ERSTE Protect US semiconductors 22-23


ISIN:
AT0000A303T0
WKN:
EB09MB

2023/09/25 11:30:25
Bid Ask
99.90 -
Difference -0.05% (-0.05)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
CurrencyEUR
UnderlyingINTEL
AMD
NVIDIA
Strike Date2022/09/30
Maturity2023/10/03
Coupon17.500%
Barrier in %60.00%
Barrier reachedno

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Our analysts say...


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
INTEL
US4581401001		USD25.770015.462034.1854.76%-
AMD
US0079031078		USD63.360038.016096.2060.48%-
NVIDIA
US67066G1040		USD121.390072.8340416.1082.50%-
Advantages Risks you should be aware of
  • Investors receive a fixed coupon of 17.50 % p.a.
  • Additional risk buffer of 40.00 % in case of falling prices of the underlyings.
  • Erste Group Bank AG will set quotes for this product during the term, but is not obliged to.
  • Chance to make a profit even if underlying prices are slightly falling.
  • The earnings are capped at 17.50 % p.a. even if the underlyings perform better.
  • The risk of capital loss depends on the underlying with the worst performance (worst-of). For this product with worst-of structure despite several underlyings there is no risk diversification by spreading the market risk as for a conventional basket product; instead there is a risk concentration.
  • If according to the repayment terms shares are delivered upon maturity, capital loss may occur. Delivered shares cause additional costs (e.g. security deposit fees, transaction fees upon sale).
  • During the term price fluctuations of the bond are possible and premature sales may lead to capital loss. Limited trading of the bond is possible.
  • Investors bear the issuer risk of Erste Group Bank AG, i.e. the risk of changes of the creditworthiness and the risk of insolvency.
  • This protect reverse convertible bond is not covered by any deposit guarantee scheme. Investors are exposed to the risk that Erste Group Bank AG may not be able to meet its obligations arising from the bond in the event of insolvency or over-indebtedness or from an official order (bail-in regime). 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 Börse Wien 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.


2023/09/25 11:30:25
Bid Ask
99.90 -
Difference -0.05% (-0.05)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Stock exchangeVIE, STU
UnderlyingINTEL
AMD
NVIDIA
Issue date2022/10/03
Issue price100.00%
Coupon17.500%
Barrier in %60.00%
Barrier reachedno
Quantoyes
Nominal amount1,000.00
CurrencyEUR

Reverse convertibles | Description

This protect reverse convertible bond (worst-of) refers to the shares of Intel Corporation, Advances Micro Devices and Nvidia Corporation. (underlyings). The bond has a term of one year (maturity 03/10/2023) and a risk buffer (=barrier; "protect").

Investors receive a fixed coupon of 17.50 % p.a. on the nominal amount upon maturity, regardless of the performance of the underlyings.

The redemption of the nominal amount at maturity depends on the performance of the underlyings:

  1. The closing prices of all underlyings are always above the barrier (60.00 % of the strike price) during the observation period, 30/09/2022 (excl.) - 26/09/2023 (incl.). In this case investors receive the nominal amount.

  2. At least one underlying is at or below its barrier during the observation period. However, on the valuation date all underlyings are above the strike price. In this case investors receive the nominal amount.

  3. The barrier was reached or broken by at least one underlying during the observation period and the closing price of at least one underlying is below the strike price on the valuation date. In this case shares of the underlying which had the worst performance (worst-of) are delivered according to the ratio. Since the underlying is quoted in a different currency than the bond, the strike price is converted into the currency of the bond on the basis of the applicable exchange rate on the valuation date. The bond is thereby currency-hedged ("quanto"). Fractions of a share are settled in cash in EUR.

Price information

Today open100.40
Today high100.40
Today low100.40
Close (previous day)100.45
Spread in %0.99 %
Spread absolute1.00
Spread harmonised-
High price (52 weeks)109.65
Low price (52 weeks)96.75

Performance

Performance YTD in %+2.87%
Performance 1 month in %-1.08%
Performance 6 months in %-2.38%
Performance 1 year in %+1.16%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %+0.40%


2023/09/25 11:30:25
Bid Ask
99.90 -
Difference -0.05% (-0.05)

Date: 2023/09/22 22:00:00
Underlying Quote
34.18 USD
Difference -1.36% (-0.47)

General attributes underlying

NameINTEL
ISINUS4581401001
Stock exchange (underlying)NMS
Currency (underlying)USD
Price34.18
Time23/09/22 - 22:00:00
Start value underlying25.7700
Strike25.7700
Barrier15.4620
Barrier distance18.72
Barrier distance in %54.76%
No of shares for redemption-
Today high34.885
Today low34.14
High price (52 weeks)40.0681
Low price (52 weeks)24.59
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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.

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INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

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