Express Certificate Erste Group Express The product related information contained herein is exclusively for information purposes only, intended for current investors or in case these products are displayed further to an individual search. The information does not constitute a recommendation or an offer to buy or an invitation to make a respective offer in relation to any of the products described herein.
chg. 1D-0.070 (-0.07%) Bid96.06% Ask97.56% Last updateNov 12, 2019
12:35:32.822
UTC
Underlying price (delayed) 33.99 (+0.80%) Starting value36.22 Next redemption level32.60 Max. yield p.a. until next observation date15.31%
Name
Erste Group Express
ISIN / WKN
AT0000A23S38 / RC0R43
Underlying price (delayed)
EUR 33.99 (+0.80%)
Nov 12, 2019 16:35:25.000
Starting value
EUR 36.22
Barrier
EUR 21.73
Distance to barrier
36.06%
Observation barrier
Nov 10, 2023
(early) redemption level
36.22 / 32.60 / 28.98 / 25.35 / 21.73
Distance to next termination level
4.10%
(early) redemption amount
106.25% / 112.50% / 118.75% / 125.00% / 131.25%
Max. yield until next observation date
15.31%
Max. yield p.a. until next observation date
15.31%
Tradeable unit/nominal value
EUR 1,000
About the term
Initial valuation date
Nov 13, 2018
Issue date
Nov 14, 2018
Valuation dates
Nov 12, 2019 / Nov 12, 2020 / Nov 11, 2021 / Nov 10, 2022 / Nov 10, 2023
Final valuation date
Nov 10, 2023
Maturity date
Nov 15, 2023
Product classification
Investment Product without Capital Protection
Security type (Eusipa No.)
Express Certificate (1260)
Express Certificate Type
New Level Express Certificate
Country / region of underlying
Austria
Suited market expectation
sideways, bullish
Spread homogenised
0.54
Spread (in %)
1.56%
Multiplier
-
Product currency
EUR
Underlying currency
EUR
Settlement method
Cash settlement / Physical delivery
Taxation
Capital Gains Tax / no Foreign Capital Gains Tax
Public offer in
Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Bulgaria, Croatia, Romania, Slovenia
Listing
Vienna, Frankfurt, Stuttgart
Description

The certificate Erste Group Express provides the opportunity for early redemption and enables investors to obtain a profit of 6.25% per year (maximum 32.5%).

The certificate has a maximum term of 5 years (November 2023). It is redeemed prior to the maturity date, if the closing price of the Erste Group share closes at or above the annually declining termination level (100% in the first year, 90% in the second year, 80% in the third etc.) at one of the annual valuation dates.

If the closing price of the share quotes below the respective termination level at the fixed date the term extends by another year to the next annual valuation date and the possible yield rises by 6,25% of the nominal value. At the same time the termination level decreases by 10% of the starting value each year. In the fifth and final year the termination level equals 60% (equal to the barrier) and the termination price is 131.25%. If the closing price of the share undercuts the barrier of 60 % at the final valuation date, the investor receives no yield and the predefined amount of Erste Group shares is delivered.

TRADING HOURS
Products on Austrian underlyings9:15 am - 5:30 pm

Products on underlyings of CEE, Eastern Europe and Turkey

 

 - Turkey, Czech Republic9:00 am - 4:00 pm
 - Russia, Croatia, Ukraine, Kazakhstan9:15 am - 4:30 pm
 - Poland, Hungary, Romania, CEE und Eastern Europe9:15 am - 4:50 pm
  
Products on other international underlyings and comm.
(incl. Germany and Switzerland)
9:00 am - 8:00 pm
INFORMATION

Monday - Friday
8:00 am to 5:30 pm


T: +43151520484
F: +431 513 43 96
E: produkte(at)rcb.at