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9.50 % Erste Protect Insurances 23-24


2023/09/29 17:25:24
Bid Ask
98.50 -
Difference -0.20% (-0.20)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Strike Date2023/04/28
Barrier in %60.00%
Barrier reachedno

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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


Underlying Name and ISINCurrencyStrikeBarrierPrice underlyingBarrier distance in %No of shares for redemption
Advantages Risks you should be aware of
  • You receive a fixed coupon of 9.50 % 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 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.
  • 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 9.50 % p.a. even if the underlyings have a better performance.
  • The investor bears the issuer risk of Erste Group Bank AG.

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 Börse Wien and at the 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.

2023/09/29 17:25:24
Bid Ask
98.50 -
Difference -0.20% (-0.20)

General attributes

IssuerErste Group Bank AG
Product typeReverse convertibles
Stock exchangeVIE, STU
Issue date2023/05/02
Issue price100.00%
Barrier in %60.00%
Barrier reachedno
Nominal amount1,000.00

Reverse convertibles | Description

This protect reverse convertible refers to the shares of Allianz SE, AXA S.A. und Münchener Rück. The protect reverse convertible has a fixed term (maturity date 02/05/2024) and a risk buffer (= barrier; "protect").

At maturity investors receive an interest payment of 9.50 % p.a. based on the nominal amount (EUR 1,000), regardless of the performance of the underlyings.

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

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. This ist also valid, if the final reference price of at least one underlying is below the strike price on the valuation date, but above the barrier.

- at least one underlying touches or falls below the barrier, but the final reference price of all underlyings on the valuation date is equal to or higher than the strike price.

If the closing price of at least one underlying touches or falls below the respective barrier at least once during the observation period and at least one of the final reference prices on the valuation date is lower than the strike price, the investor receives a fixed number of shares of the underlying with the worst performance ("worst-of"). Fractions of a share are settled in cash.

Price information

Today open99.20
Today high99.20
Today low98.90
Close (previous day)99.20
Spread in %1.01 %
Spread absolute1.00
Spread harmonised-
High price (52 weeks)100.55
Low price (52 weeks)97.80


Performance YTD in %-
Performance 1 month in %-0.30%
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-1.00%

2023/09/29 17:25:24
Bid Ask
98.50 -
Difference -0.20% (-0.20)

Date: 2023/09/29 17:35:14
Underlying Quote
225.70 EUR
Difference -1.25% (-2.85)

General attributes underlying

Stock exchange (underlying)GER
Currency (underlying)EUR
Time23/09/29 - 17:35:14
Start value underlying227.4500
Barrier distance89.23
Barrier distance in %39.53%
No of shares for redemption4
Today high228.85
Today low224.40
High price (52 weeks)234.55
Low price (52 weeks)158.30

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


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