Reverse Convertible Bond 8,8 % Erste Bank Plus Aktienanleihe 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.
Change+0.060 (+0.06%) Bid106.29% Ask107.29% Last updateMay 06, 2024
07:15:59.738
UTC
BarrierEUR 20.29 StrikeEUR 31.21 Max. profit p.a.1.50% Interest rate p.a.8.80%
Name
Reverse Convertible Bond on Erste Group Bank AG
ISIN / WKN
AT0000A33800 / RC08UN
Underlying
Max. profit in %
1.41%
Max. profit p.a. in %
1.50%
Interest rate whole maturity
-
Interest rate p.a.
8.80%
Underlying price
EUR 44.78 (+0.12%)
May 06, 2024 07:43:43.259
Starting value
EUR 31.21
Strike
EUR 31.21
Barrier
EUR 20.29
Distance to strike in %
30.31%
Distance Barrier
54.70%
Barrier reached
no
Number of shares
32.04101
Denomination / nominal
EUR 1,000
Payed Coupons
8.8000% on Apr 14, 2024
About the term
Initial valuation date
Apr 12, 2023
Issue date
Apr 13, 2023
Final valuation date
Apr 09, 2025
Maturity date
Apr 14, 2025
Product classification
Investment Product without Capital Protection
Security type (eusipa Nr.)
Reverse Convertible Bond (1230)
Reverse Convertible Bond Type
Barrier Reverse Convertible Bonds
Underlying
Country / region of underlying
Austria
Suited market expectation
sideways, bullish
Observation barrier
on the final valuation date
Issue price
100.00%
Spread homogenised
0.03
Spread in %
0.94%
Multiplier
1:0.03121
Product currency
EUR
Underlying currency
EUR
Settlement method
Cash settlement / Physical delivery
Tax treatment
Capital Gains Tax / EU Withholding Tax
Public offer in
Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Bulgaria, Croatia, Romania, Slovenia
Listing
Vienna, Stuttgart
Comments

The 8.8% Erste Bank Reverse Convertible Bond is redeemed at 100% of the nominal value at the maturity date (April 2025), provided that the closing price of the Erste Group Bank AG share quotes above the barrier of 65% of its strike at the end of the term (observation only at the final valuation date). The interest amount of 8.8% is paid out, regardless of the performance of the underlying share.

In case the underlying share quotes at/below its barrier (65%) at the final valuation date, physical delivery of shares is effected.

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