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CS Memory Express Anleihe auf Erste Group Bank AG 22-27


ISIN:
DE000CS8E036
WKN:
CS8E03

2022/02/10 07:59:15
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerCredit Suisse AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingERSTE GROUP
Underlying ISINAT0000652011
Underlying currencyEUR
Price underlying51.88 EUR
Date2024/11/01 12:20:28
Strike Date2022/02/10
Maturity2027/02/17
Strike price44.7000 EUR
Coupon/express payment5.250%
Coupon stylevariable
Coupon barrier29.0550 EUR
Coupon barrier in %65.00%
Current redemption barrier44.7000 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance7.18 EUR
Current redemption barrier distance in %13.84%
Final redemption barrier29.0550 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance22.83 EUR
Final redemption barrier distance in %44.00%
Nominal amount1,000.00

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Final TermsPDF Download

Productnews

2023/03/21

Crucial event: important notice on the current situation of Credit Suisse

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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
Advantages Risks you should be aware of
  • Chance to earn 5.25 % for each year.
  • Missed interest payments are paid retrospectively, if the closing price of the underlying is at or above the coupon barrier at a later valuation date (memory function).
  • Possible early redemption at 100.00 % of nominal amount.
  • If there was no early redemption and no interest payment during the term, redemption is at 100.00 % plus 26.25 % at the end of the 5th year, if the closing price of the underlying is at or above the final redemption barrier on the last valuation date.
  • Risk buffer (final redemption barrier of 65.00 %) compared to a direct investment in the Erste Group Bank AG share. A fall of the share price below the barrier during the term has no influence on the redemption at the end of the 5th year, relevant is only the closing price on the last valuation date.
  • Credit Suisse Bank (Europe), S.A., Madrid will set quotes during the term without being legally obliged to do so.
  • If the closing price of the underlying is below the final redemption barrier on the last valuation date, shares are delivered and there are losses for the investors. A total loss of invested capital is possible.
  • Delivered shares cause additional costs (e.g. security deposit fees, transaction fees upon sale).
  • During the term the bond price will not vary 1:1 with the underlying and premature sale may lead to capital loss.
  • The earnings are capped at 26.25 %, even if the underlying has a better performance.
  • Investors bear the risk of the issuer Credit Suisse AG.
  • This memory express bond is not covered by any deposit guarantee scheme. Investors are exposed to the risk that Credit Suisse AG may not be able to meet its obligations arising from the bond in the event of insolvency or over-indebtedness or from an official order (bail-in regime). A total loss of invested capital is possible.

Secondary market

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

2022/02/10 07:59:15
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerCredit Suisse AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeFRA
UnderlyingERSTE GROUP
Underlying ISINAT0000652011
Underlying stock exchangeVIE
Underlying currencyEUR
Price underlying51.88 EUR
Date2024/11/01 12:20:28
Issue date2022/02/15
Strike Date2022/02/10
Maturity2027/02/17
Strike price44.7000 EUR
Coupon/express payment5.250%
Coupon stylevariable
Coupon barrier29.0550 EUR
Coupon barrier in %65.00%
Current redemption barrier44.7000 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance7.18 EUR
Current redemption barrier distance in %13.84%
Final redemption barrier29.0550 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance22.83 EUR
Final redemption barrier distance in %44.00%
No of shares for redemption22
Nominal amount1,000.00
Quantono
First trading day2022/02/15
Last trading day2027/02/10

Express bonds | Description

This memory express bond issued by Credit Suisse AG refers to the share of Erste Group Bank 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 5.25 % on the nominal amount is paid on the annual interest payment date, 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 17/02/2027 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 early redemption barrier (100.00 % of the strike price) on one of the valuation dates (10/02/2023, 12/02/2024, 10/02/2025, 10/02/2026). 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 Erste Group Bank AG on the last valuation date (10/02/2027) 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 Erste Group Bank AG 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.


Information on the product during the term can be found on the issuer's website: https://derivative.credit-suisse.com/at/at/en/detail/cs-memory-express-anleihe-auf-erste-group-bank-ag-22-27/DE000CS8E036/CS8E03

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)100.00
Low price (52 weeks)100.00

Performance

Performance YTD in %-
Performance 1 month in %-
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2022/02/10 07:59:15
Bid Ask
- -
Difference 0.00% (0.00)

Date: 2024/11/01 12:20:28
Underlying Quote
51.88 EUR
Difference +0.27% (0.14)

General attributes underlying

NameERSTE GROUP
ISINAT0000652011
Stock exchange (underlying)VIE
Currency (underlying)EUR
Start value underlying44.7000
Price51.88
Time24/11/01 - 12:20:28
Change in %0.27%
Today high52.14
Today low51.34
High price (52 weeks)51.74
Low price (52 weeks)33.45
Interactive chart


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

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