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ERSTE Memory Express Bond on Infineon Technologies AG 23-28


ISIN:
AT0000A32JH4
WKN:
EB09RN

2024/11/01 14:15:26
Bid Ask
97.40 -
Difference 0.46% (0.45)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingINFINEON
Underlying ISINDE0006231004
Underlying currencyEUR
Price underlying29.04 EUR
Date2024/11/01 14:16:02
Strike Date2023/03/02
Maturity2028/03/03
Strike price33.6200 EUR
Coupon/express payment10.500%
Coupon stylevariable
Coupon barrier21.8530 EUR
Coupon barrier in %65.00%
Current redemption barrier33.6200 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-4.58 EUR
Current redemption barrier distance in %-15.77%
Final redemption barrier21.8530 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance7.19 EUR
Final redemption barrier distance in %24.75%
Nominal amount1,000.00

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Final TermsPDF Download
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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

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 14:15:26
Bid Ask
97.40 -
Difference 0.46% (0.45)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeVIE, STU
UnderlyingINFINEON
Underlying ISINDE0006231004
Underlying stock exchangeGER
Underlying currencyEUR
Price underlying29.04 EUR
Date2024/11/01 14:16:02
Issue date2023/03/03
Strike Date2023/03/02
Maturity2028/03/03
Strike price33.6200 EUR
Coupon/express payment10.500%
Coupon stylevariable
Coupon barrier21.8530 EUR
Coupon barrier in %65.00%
Current redemption barrier33.6200 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-4.58 EUR
Current redemption barrier distance in %-15.77%
Final redemption barrier21.8530 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance7.19 EUR
Final redemption barrier distance in %24.75%
No of shares for redemption29
Nominal amount1,000.00
Quantono
First trading day2023/03/03
Last trading day2028/02/25

Express bonds | Description

This memory express bond refers to the share of Infineon Technologies AG (underlying). It offers an interest payment which depends on the performance of the underlying. 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 underlying on the last valuation date.

Interest payments: Interest of 10.50 % on the nominal amount is paid on the annual interest payment dates (03/03), if the closing price of the underlying at the respective valuation date is at or above the coupon barrier (65.00 % of the strike price). 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 03/03/2028 if there is no automatic early redemption. There is an automatic early redemption, if the closing price of the underlying is at or above the redemption barrier (100.00 % of the strike price) on one of the valuation dates (26/02/2024, 24/02/2025, 24/02/2026, 24/02/2027). In this case investors receive the respective early redemption amount and the respective interest amount due at this time.

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

  1. If the closing price of Infineon Technolgies AG share on the last valuation date (25/02/2028) is at or above the final redemption barrier, the bond is redeemed at 100.00 % of the nominal amount (plus the relevant interest amount).

  2. If the closing price of Infineon Technolgies AG share on the last valuation date is below the final redemption barrier, investors receive shares (defined by the ratio of nominal amount / strike price) of the underlying delivered. Fractions of shares are settled in cash. Furthermore, there is no interest payment at maturity.

Price information

Today open97.95
Today high98.15
Today low97.75
Close (previous day)97.70
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)109.95
Low price (52 weeks)94.15

Performance

Performance YTD in %-9.38%
Performance 1 month in %-2.64%
Performance 6 months in %+0.67%
Performance 1 year in %+1.61%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-1.85%


2024/11/01 14:15:26
Bid Ask
97.40 -
Difference 0.46% (0.45)

Date: 2024/11/01 14:16:02
Underlying Quote
29.04 EUR
Difference +0.05% (0.02)

General attributes underlying

NameINFINEON
ISINDE0006231004
Stock exchange (underlying)GER
Currency (underlying)EUR
Start value underlying33.6200
Price29.04
Time24/11/01 - 14:16:02
Change in %0.05%
Today high29.19
Today low28.83
High price (52 weeks)39.345
Low price (52 weeks)27.09
Interactive chart


Information about previous performance does not guarantee future performance.
Source: FactSet

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In our know-how area you can find all relevant details on the different types of certificates. The tutorial gives you selected information about the functionality of structured products and assists you in making your investment decision.

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