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ERSTE Multi Memory Express Bond Chemie 21-26


ISIN:
AT0000A2QBN3
WKN:
EB0F03

2024/11/01 10:15:26
Bid Ask
50.35 51.85
Difference -0.63% (-0.33)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingBASF
BAYER
LINDE
Strike Date2021/03/30
Maturity2026/03/31
Coupon/express payment10.750%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00

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Final TermsPDF Download

Productnews

2023/03/03

Corporate action Linde plc
2021/03/31

Fixing ERSTE Multi Memory Express Bond Chemie 21-26 (AT0000A2QBN3)

Legal note

This product is no longer publicly offered. The product-specific content published here is for information purposes only for those who are already invested and does not constitute marketing communication. Erste Group Bank AG no longer consents to the use of the prospectus for a public offering of this product by third parties. Purchases and sales are made exclusively on the secondary market. Erste Group Bank AG acts solely in the function as market maker and continues to provide bid and ask prices (but is legally not obliged).
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Our analysts say...


Performance since inception. Performances under 12 month have only little informative value because of the short maturity. Information about previous performance does not guarantee future performance.
Source: Erste Group Bank AG

Underlyings

Underlying Name and ISINCurrencyPrice underlyingCurrent red. barrCurr.red. barr. dist %Final red. barr.Final red. barr. dist %
BASF
DE000BASF111		EUR44.4571.8800-61.71%46.7220-5.11%
BAYER
DE000BAY0017		EUR24.7953.7500-116.82%34.9375-40.93%
LINDE
IE000S9YS762		USD456.15252.929344.55%164.404063.96%

Secondary market

During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.

2024/11/01 10:15:26
Bid Ask
50.35 51.85
Difference -0.63% (-0.33)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeVIE
UnderlyingBASF
BAYER
LINDE
Issue date2021/03/31
Strike Date2021/03/30
Maturity2026/03/31
Coupon/express payment10.750%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00
Quantono
First trading day2021/03/31
Last trading day2026/03/24

Express bonds | Description

This memory express bond (worst-of) refers to the shares of BASF SE, Bayer AG and Linde plc (underlyings). It offers an interest payment which depends on the performance of the underlyings. The bond has a term of five years, if there is no early redemption. The redemption at maturity depends on the closing price of the underlyings on the final valuation date.

Interest payments: Interest of 10.75 % on the nominal amount is paid on the annual interest payment date (31/03), if the closing price of the underlying with the worst performance is at or above the coupon barrier (65.00 % of the strike price) on the valuation date. Otherwise, there is no interest payment. If the interest payment has not been triggered at one or several interest payment dates but has been triggered at a later interest payment date, the interest payments of the earlier periods are paid retrospectively (memory function).

Redemption: The bond will be redeemed on 31/03/2026 if there is no automatic early redemption. There is an automatic early redemption, if the closing price of the underlying with the worst performance is at or above the redemption barrier (100.00 % of the strike price) on one of the valuation dates (24/03/2022, 24/03/2023, 22/03/2024, 24/03/2025). In this case the early redemption amount and the interest amount due at this time are paid.

If there is no early redemption the bond will be redeemed at maturity as follows:

1. If the closing price of the underlying with the worst performance is at or above the final redemption barrier on the final valuation date (24/03/2026), the bond is redeemed at 100.00 % of the nominal amount (plus the relevant interest amount).

2. If the closing price of the underlying with the worst performance is below the final redemption barrier on the final valuation date, a predetermined number of shares (defined by the ratio nominal amount / strike price) of the underlying with the worst performance (worst-of) is delivered. Fractions of shares are settled in cash. Furthermore, there is no interest payment at maturity. In this case there is a capital loss.

Price information

Today open51.10
Today high51.10
Today low51.05
Close (previous day)51.43
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)82.40
Low price (52 weeks)50.95

Performance

Performance YTD in %-34.17%
Performance 1 month in %-28.58%
Performance 6 months in %-18.10%
Performance 1 year in %-32.48%
Performance 3 years in %-48.39%
Performance 5 years in %-
Performance since inception in %-48.90%


2024/11/01 10:15:26
Bid Ask
50.35 51.85
Difference -0.63% (-0.33)

Date: 2024/11/01 10:19:34
Underlying Quote
44.45 EUR
Difference -0.44% (-0.20)

General attributes underlying

NameBASF
ISINDE000BASF111
Stock exchange (underlying)GER
Currency (underlying)EUR
Price44.45
Time24/11/01 - 10:19:34
Start value underlying71.8800
Strike price71.8800
Coupon barrier46.7220
Current redemption barrier71.8800
Current redemption barrier distance-27.43
Current redemption barrier distance in %-61.71%
Final redemption barrier46.7220
Final redemption barrier distance-2.27
Final redemption barrier distance in %-5.11%
No of shares for redemption13
Today high44.73
Today low44.375
High price (52 weeks)54.93
Low price (52 weeks)40.175
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Information about previous performance does not guarantee future performance.
Source: FactSet

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