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Erste Group Bonus certificate CEZ 05.02.2020


ISIN:
AT0000A25YQ8
WKN:
EB0XU1

2019/12/09 16:19:50
Bid Ask
1,074.50 -
Difference 0.39% (4.22)

General attributes

IssuerErste Group Bank AG
Product typeBonus certificates
CurrencyCZK
UnderlyingCEZ
Price underlying505.00 CZK
Date2019/12/09 16:25:22
Multiplier1.7605630
Maturity2020/02/05
Max. amount1,081.0000 CZK
Quantono
Bonus level614.0080 CZK
Bonus level in %-
Bonus yield in %-0.32%
Bonus yield in % p.a.-2.03%
Barrier426.0000 CZK
Barrier in %-
Barrier distance79.00 CZK
Barrier distance in %15.64%
Barrier reachedno
Cap614.0080 CZK
Capital gains taxyes
EU withholding taxno

 
The calculation of the key figures is based on the most recently delivered price of the underlying (see date/time stamp in tab underlying).

PDF Downloads

CZ Flyer Bonus certificatesPDF Download
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Final termsPDF Download
Key Information DocumentPDF Download




Information about previous performance does not guarantee future performance. Performances under 12 month have only little informative value because of the short maturity.
Source: Česká spořitelna, a. s.
Advantages Disadvantages
  • Your receive an attractive bonus payment at the end of maturity even in the case of stable or falling prices as long as the price of the underlying has not fallen to or below the barrier (“sideways yield”).
  • The barrier offers partial protection to falling prices (risk buffer).

Once the barrier is reached the claim on bonus yield expires (see Barrier reached YES/NO in General attributes).

  • The return may be capped.
  • If the price of the underlying falls to or below the barrier, losses are possible.
  • Between issue date and maturity, price fluctuations are possible, which means that the sale of the bonus certificates prior to maturity may result in a loss.
  • In case that this is not a quanto certificate or the certificate is not secured against currency risk, the performance of the certificate is affected positively or negatively by the trend of the currency exchange rate between the currency of the certificate (CZK) and the currency in which the underlying asset is traded. If CZK strengthens the price of the certificate falls and if CZK weakens the price of the certificate rises.
  • In case that this is a quanto certificate, the certificate is secured against currency risk. The performance of the certificate is not affected by the trend of the currency exchange rate between the currency of the certificate (CZK) and the currency in which the underlying asset is traded.

 
Warning for certificates in the subscription period
The values displayed for the issue in the subscription period are only indicative. The price of the certificate is not displayed until its first trading day.


Secondary market

During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.
The settlement at maturity of the certificate will realize within 7 working days.

 
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Legal note

The content on this page is for informational purposes only for existing investors. This product is not offered for subscription and is not a public offering.

2019/12/09 16:19:50
Bid Ask
1,074.50 -
Difference 0.39% (4.22)

General attributes

IssuerErste Group Bank AG
Product typeBonus certificates
Stock exchangePRS
UnderlyingCEZ
Underlying ISINCZ0005112300
Underlying price505.00 CZK
Date2019/12/09 16:25:22
Multiplier1.7605630
Issue date2019/02/05
Issue price1,000.00
Maturity2020/02/05
Max. amount1,081.0000 CZK
Bonus level614.0080 CZK
Bonus level in %108.10%
Bonus yield in %-0.32%
Bonus yield in % p.a.-2.03%
Barrier426.0000 CZK
Barrier in %75.00%
Barrier distance79.00 CZK
Barrier distance in %15.64%
Barrier reachedno
Cap614.0080 CZK
Max. profit-3.50
Max. profit in %-0.32%
Max. profit in % p.a.-2.01%
First trading day2019/02/05
Last trading day2020/02/03
Quantono
CurrencyCZK
Capital gains taxyes
EU withholding taxno

Bonus certificates | Description

The bonus level which determines its payout is set above the current price of the underlying instrument for the issue of the certificate. The protective barrier is set below the initial value. If a specific certificate also has a cap (maximum payout), this cap is set at the bonus level or above it. The current price of the certificate will develop depending on the actual price of the underlying asset and in the case of a currency unsecured certificate (non-quanto certificate) also on the current exchange rate of the Czech crown to the currency of the underlying asset (if the underlying asset is in a currency different than CZK). The price of the underlying asset will be observed continuously until the maturity date.
The following two cases may arise:
If the price of the underlying asset does not fall to or under the value of the barrier even once during the lifetime of the certificate, the Bonus Value will be used for the payout. The client will thus receive the Maximum Amount which will be calculated by multiplying the Bonus Value by the Ratio. This applies for a currency secured certificate (quanto certificate). In the case of a currency unsecured certificate (non-quanto certificate) the Maximum Amount will stated in the currency of  the underlying asset and will be converted on the maturity date by the current exchange rate from the currency of the underlying asset to CZK (if the underlying asset is in a currency different than CZK). If the price of the underlying asset at the maturity date is higher than the Bonus Value then this price will be used for the payout, but only to the level of the CAP value. The CAP value determines the maximum value used for the payout. Thus if the CAP value = to the Bonus Value, then in this case the Bonus Value is also used for the payout and not the price of the underlying asset.
If during the lifetime of the certificate the price of the underlying asset falls to the level of the barrier or below it, the bonus will not be paid out. The current value of the underlying asset will be used for the payout. Thus the client will receive the amount which will be calculated by multiplying the current value of the underlying asset by the Ratio. This applies for the currency secured certificate (quanto certificate). In the case of a currency unsecured certificate (non-quanto certificate) this amount will be converted on the maturity date by the current exchange rate from the currency of the underlying asset to CZK (if the underlying asset is in a currency different than CZK).

Price information

Today open1,079.27
Today high1,080.14
Today low1,077.72
Close (previous day)1,075.28
Spread in %0.92 %
Spread absolute10.00
Spread harmonised5.68
High price (52 weeks)1,080.14
Low price (52 weeks)971.60

Performance

Performance YTD in %-
Performance 1 month in %+0.52%
Performance 6 months in %+6.80%
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %+7.95%


2019/12/09 16:19:50
Bid Ask
1,074.50 -
Difference 0.39% (4.22)

Date: 2019/12/09 16:25:22
Underlying Quote
505.00 CZK
Difference +0.20% (1.00)

General attributes underlying

NameCEZ
ISINCZ0005112300
Stock exchange (underlying)PRS
Currency (underlying)CZK
Start value underlying568.0000
Price505.00
Time19/12/09 - 16:25:22
Change in %0.20%
Today high508.50
Today low503.00
High price (52 weeks)572.50
Low price (52 weeks)501.50


Information about previous performance does not guarantee future performance. Performances under 12 month have only little informative value because of the short maturity. 
Source: FactSet

Recent research



Know-How

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. In our glossary we explain the most important keywords and within the FAQ section you can find answers to the most common questions concerning this topic.

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