The certificate Erste Group Express 4 offers an annual opportunity for early redemption, enabling investors to obtain a yield of 10,5% per year if the share of Erste Group quotes at or above the termination level at one of the valuation dates. If the share quotes below the termination level, the term extends by another year - up to a maximum of five years. In the event of a barrier violation (60% of the starting value) at the final valuation date, the investor is entirely subject to market risk and physical delivery of Erste Group shares is effected.