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.

This certificates complies with the sustainability standard for Raiffeisen Certificates and takes into account important adverse impacts on sustainability factors ("PAIs").