Erste Group Express – available on secondary market

Erste Group Express – available on secondary market

Opportunity for 6.25% annual yield with Erste Group Bank AG at a term of 1 to 5 years and annually declining termination level (step-down)

The Erste Group Express certificate connects the opportunity to generate attractive yield with the possibility for an early redemption. The share of the Erste Group Bank AG - one of the largest banks in Central- and Eastern Europe - serves as underlying for the investment product without capital protection. The Express Certificate offers an attractive profit opportunity for those investors who expect this Austrian blue chip to quote at or above the annually declining termination level (termination levels see table below) in the upcoming five years.


The certificate has a minimum term of1year and a maximum term of 5 years. If the closing price of the Erste Group share quotes at or above its respective termination level at one of the annual valuation dates, (early) redemption is effected according to the predefined termination price.


The longer the term is, the higher is the termination price and the lower is the termination level. If the share quotes below its termination level at the respective annual valuation date, the term extends by another year, the potential termination price rises by 6.25% and the annual terminal level declines by 10 percentage points.

1st year
Termination level: 100% (= starting value) 

Termination price:

106.25% of the nominal value


2nd year
Termination level: 90%

Termination price:

112.50% of the nominal value


3rd year
Termination level: 80%

Termination price:

118.75% of the nominal value


4th year
Termination level: 70%

Termination price:

125.00% of the nominal value


5th year
Termination level: 60%

Termination price:

131.25% of the nominal value


In case no early redemption was effected from the first to the fourth year and if the underlying quotes below the termination level of 60% (equal to the barrier) at the fifth and final valuation date, physical delivery of the share is effected. This means that the investor receives shares of Erste Group Bank AG in the predefined amount(nominal value/starting value). The difference to the integral number is paid out in cash.

Further information as well as the Key Information Document please refer to the product page.

Express Certificates – explained shortly:

Further information as well as the Key Information Document please find on the Product Page.

For any additional information you may require do not hesitate to contact us on +43151520484.

The Structured Products Team of Raiffeisen Centrobank

The product described herein is subject to and governed by the Base Prospectus (including all supplements and amendments thereto) approved by the Austrian Financial Market Authority (FMA). The Base Prospectus has been deposited at the Oesterreichische Kontrollbank AG, published at and contains the risks and terms and conditions of the product.

Additional information may also be obtained from the key information document of the product published at Raiffeisen Centrobank AG is subject to supervision by the FMA and the Austrian National Bank as well as the European Central Bank within the Single Supervisory Mechanism (Council Regulation (EU) No 1024/2013).

Key facts:
  • ISIN: AT0000A23S38
  • Initial valuation date: Nov 13, 2018
  • Term: min. 0.5 years, max. 4.5 years
  • Listing: Vienna, Frankfurt, Stuttgart
The Structured Products Team
T: +43151520484
F: +431 513 43 96
E: produkte(at)