Reverse Convertible Bond Erste Group Bank AGSustainable certificate

Bid116.71%
May 10, 2024 15:30:05.640 UTC
Ask116.96%
May 10, 2024 15:30:05.640 UTC
chg. 1D+0.040 (+0.03%)
May 10, 2024 15:30:05.640 UTC
Underlying price (indicative) 45.88 (+0.70%)
May 10, 2024 19:59:48.000 UTC
BarrierEUR 25.60 StrikeEUR 32.00 Max. yield p.a.3.55% Interest rate p.a.12.81%

Name
Reverse Convertible Bond on Erste Group Bank AG
ISIN / WKN
AT0000A33QC8 / RC088J
Sustainability preference
Consideration of Principal Adverse Impacts (PAI)
Max. yield remaining term (%)
1.32%
Max. yield p.a.
3.55%
Interest rate total term
18.50%
Fixed interest rate annually
12.81%
Underlying price (indicative)
EUR 45.88 (+0.70%)
May 10, 2024 19:59:48.000
Starting value
EUR 32.32
Strike
EUR 32.00
Barrier
EUR 25.60
Distance to strike
30.25%
Distance to barrier
44.20%
Barrier reached
no
No. of shares
31.25000
Tradeable unit/nominal value
EUR 1,000
About the term

Initial valuation date
Apr 14, 2023
Issue date
Apr 17, 2023
Final valuation date
Sep 20, 2024
Maturity date
Sep 25, 2024

Product classification
Investment Product without Capital Protection
Security type (Eusipa No.)
Reverse Convertible Bond (1230)
Reverse Convertible Bond Type
Barrier Reverse Convertible Bonds
Country / region of underlying
Austria
Suited market expectation
sideways, bullish
Observation barrier
continuously
Issue price
100.00%
Spread homogenised
0.01
Spread (in %)
0.21%
Product currency
EUR
Underlying currency
EUR
Settlement method
Cash settlement / Physical delivery
Taxation
Capital Gains Tax / Foreign Capital Gains Tax
Public offer possible in
Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Bulgaria, Croatia, Romania, Slovenia
Listing
Vienna, Stuttgart
Description

Reverse Convertible Bonds with a barrier have a fixed interest rate above the market level. The interest amount is paid out regardless of the performance of the underlying. Reverse Convertible Bonds with a barrier have a barrier which is set below the strike and is observed on a continuous basis. Redemption at the end of the term depends on the performance of the underlying. If the underlying, during the term, always quotes above the barrier, the Reverse Convertible Bond is redeemed at 100% of the nominal value.

In case the barrier is touched or undercut AND, at the final valuation date, the closing price is below the strike, the investor obtains shares per nominal value in the amount predefined at the issue date. The difference to the integral number is paid out.

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

TRADING HOURS

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Products on underlyings of CEE, Eastern Europe and Turkey

 

- Turkey, Czech Republic9:00 - 4:00 pm

- Poland, Hungary, Romania, CEE and Eastern Europe

9:15 - 4:50 pm

Products on other international underlyings and commodities
(incl. Germany and Switzerland)

9:00 - 8:00 pm
INFORMATION

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E: info(at)raiffeisencertificates.com