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6.50 % ERSTE Fix Coupon Express Bond on Verbund AG 23-27


ISIN:
AT0000A32K84
WKN:
EB09RS

2024/11/01 12:15:26
Bid Ask
102.50 104.00
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
UnderlyingVERBUND
Underlying ISINAT0000746409
Underlying currencyEUR
Price underlying75.65 EUR
Date2024/11/01 12:13:55
Strike Date2023/03/02
Maturity2027/03/03
Strike price76.7254 EUR
Coupon/express payment6.500%
Coupon stylefix
Current redemption barrier77.5360 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-1.89 EUR
Current redemption barrier distance in %-2.49%
Final redemption barrier38.3627 EUR
Final redemption barrier in %50.00%
Final redemption barrier distance37.29 EUR
Final redemption barrier distance in %49.29%
Nominal amount1,000.00

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Final TermsPDF Download
Key Information DocumentPDF Download

Productnews

2023/05/02

Corporate Action Verbund AG

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 12:15:26
Bid Ask
102.50 104.00
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
Stock exchangeVIE
UnderlyingVERBUND
Underlying ISINAT0000746409
Underlying stock exchangeVIE
Underlying currencyEUR
Price underlying75.65 EUR
Date2024/11/01 12:13:55
Issue date2023/03/03
Strike Date2023/03/02
Maturity2027/03/03
Strike price76.7254 EUR
Coupon/express payment6.500%
Coupon stylefix
Current redemption barrier77.5360 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-1.89 EUR
Current redemption barrier distance in %-2.49%
Final redemption barrier38.3627 EUR
Final redemption barrier in %50.00%
Final redemption barrier distance37.29 EUR
Final redemption barrier distance in %49.29%
No of shares for redemption13
Nominal amount1,000.00
Quantono
First trading day2023/03/03
Last trading day2027/02/24

Express bonds | Description

This express bond refers to the share of Verbund AG. Regardless of the performance of the underlying, there is an annual interest payment of 6.50 % of the nominal amount. The bond will be redeemed on 03/03/2027 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 strike price on one of the valuation dates (26/02/2024, 24/02/2025, 24/02/2026). In this case investors receive the respective early redemption amount of 100.00 % on the repayment date (03/03).

If the express bond has not been redeemed early, there are two possibilities at maturity:

  1. If the closing price of Verbund AG is at or above the final-redemption-barrier on the last valuation date (24/02/2027), investors receive the nominal amount plus the interest payment of 6.50 % for the final year.

  2. If the closing price of Verbund AG is below the final-redemption-barrier on the last valuation date, then investors receive a predetermined number of shares of the underlying, in addition the interest of 6.50 % for the final year is paid. Fractions of shares are settled in cash. In this case there is a capital loss.

The issuer and its affiliates may - without being obliged to - act as market maker for the underlying.

Price information

Today open103.20
Today high103.25
Today low103.20
Close (previous day)103.25
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)105.20
Low price (52 weeks)43.43

Performance

Performance YTD in %-1.01%
Performance 1 month in %+0.83%
Performance 6 months in %+7.00%
Performance 1 year in %+1.18%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %+3.20%


2024/11/01 12:15:26
Bid Ask
102.50 104.00
Difference 0.00% (0.00)

Date: 2024/11/01 12:13:55
Underlying Quote
75.65 EUR
Difference +0.60% (0.45)

General attributes underlying

NameVERBUND
ISINAT0000746409
Stock exchange (underlying)VIE
Currency (underlying)EUR
Start value underlying76.7254
Price75.65
Time24/11/01 - 12:13:55
Change in %0.60%
Today high75.80
Today low75.40
High price (52 weeks)89.40
Low price (52 weeks)62.30
Interactive chart


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

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