|Date: 2022/05/27 00:00:00|
|Type of bond||Structured bonds and notes|
|Issuer type||financial institution|
|Country of issue||AT|
|Coupon payment date||2026/02/27|
|Coupon payment period||at maturity|
|Investor tolerance||2 (scale 1-7)|
|Last trading day||2026/02/20|
|Advantages||Details you should be aware of|
|Why buy the PD RESPONSIBLE 15?
A minimum 108% return on the nominal value (see Note) of the PD RESPONSIBLE 15 at its maturity date – a combination of a fixed 8% yield and a yield dependent on the performance of the underlying index with an interesting growth potential.
ESG is also the key “investment theme” for PD RESPONSIBLE 15. Its yield depends on the trend of the Solactive ERSTE Fair Invest Index VC share index, which comprises 50 shares of high quality companies. These selected companies take active account of the policy of sustainable economic development and environmental protection, social principles and sustainable management policies. The index portfolio contains companies such as from the sphere of consumer goods, health and body care etc. The index reviews the volatility of the portfolio and thus stabilises the yield and limits the losses during slumps in the markets. The set algorithm is targeted at 10% volatility and compares it with the historic volatility of the observed portfolio. At high volatility this mechanism reduces exposure to dynamic assets and transfers released funds to the money market.
For more information see the leaflet.
How does PD RESPONSIBLE 15 work?
Note: The payout of 100% of the nominal value and 8% yield depends on the issuer being able to meet its commitments tied to PD RESPONSIBLE 15 in case of insolvency or due to an administrative measure and also whether you retain PD RESPONSIBLE 15 until the maturity date. If you decide to sell PD RESPONSIBLE 15 before its maturity, there is no guarantee that you will receive 100% of the nominal value.
Note 2: The product’s risk weight is on a scale of increasing values from 1 to 7, where value 1 represents potentially the lowest risk and yield, and value 7 the potentially highest risk and yield, provided that you hold the product until its maturity date. The real risk may significantly differ in case you sell the product prematurely. The product risk weight is a guide for a comparison of the risk rate of this product compared with other products. It shows how likely it is that you can lose money as a consequence of movements on the markets, or because the issuer will be unable to meet his commitments.
|SOL ERSTE FAIR INVEST VC INDEX (EXCESS RETURN) (EUR)|
|The Solactive ERSTE Fair Invest Index VC includes 50 shares of top quality companies. These selected companies are actively committed to the policy of sustainable economic development and environmental protection, social principles and policies of sustainable management. The index portfolio contains companies, for example from the consumer goods and health and body care sector. The index reviews the volatility of the portfolio, which stabilises the yield and limits loss during market slumps. The set algorithm is targeted at 10% volatility and compares it with the historical volatility of the monitored portfolio. At high volatility this mechanism reduces exposure to dynamic assets and moves released funds to the money market.|
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