Reverse Convertible Bond Erste Group Bank AGSustainable certificate

Bid111.64%
Nov 01, 2024 16:30:00.479 UTC
Ask111.89%
Nov 01, 2024 16:30:00.479 UTC
chg. 1D+0.090 (+0.08%)
Nov 01, 2024 16:30:00.479 UTC
Underlying price (delayed) 51.70 (-0.08%)
Nov 01, 2024 16:35:04.168 UTC
BarrierEUR 34.40 StrikeEUR 43.00 Max. yield p.a.3.64% Interest rate p.a.10.63%

Name
Reverse Convertible Bond on Erste Group Bank AG
ISIN / WKN
AT0000A3C507 / RC1D6F
Sustainability preference
Consideration of Principal Adverse Impacts (PAI)
Max. yield remaining term (%)
3.23%
Max. yield p.a.
3.64%
Interest rate total term
15.50%
Fixed interest rate annually
10.63%
Underlying price (delayed)
EUR 51.70 (-0.08%)
Nov 01, 2024 16:35:04.168
Starting value
EUR 42.55
Strike
EUR 43.00
Barrier
EUR 34.40
Distance to strike
16.83%
Distance to barrier
33.46%
Barrier reached
no
No. of shares
23.25581
Tradeable unit/nominal value
EUR 1,000
About the term

Initial valuation date
Apr 09, 2024
Issue date
Apr 10, 2024
Final valuation date
Sep 19, 2025
Maturity date
Sep 24, 2025
Please take note of the Disclaimer in the Product Folder and/or the Factsheet.

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 %)
0.22%
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, Liechtenstein, Romania, Slovenia
Listing
Vienna, Stuttgart
Past performance is no reliable indicator of future results. Less than five years have passed since the launch of this certificate.
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").

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