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Erste Group Participation certificate WTI LIGHT SWEET Open end


ISIN:
AT0000A20DN0
WKN:
EB0WFY

2020/07/10 16:19:50
Bid Ask
657.91 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeIndex/Participation Certificates
CurrencyCZK
UnderlyingWTI LIGHT SWEET
Price underlying40.30 USD
Date2020/07/13 08:09:31
MaturityOpen end
Multiplier0.7008458

PDF Downloads

Final termsPDF Download
Key Information DocumentPDF Download


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).


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.

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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2020/07/10 16:19:50
Bid Ask
657.91 -
Difference 0.00% (0.00)

General attributes

IssuerErste Group Bank AG
Product typeIndex/Participation Certificates
Stock exchangePRS
UnderlyingWTI LIGHT SWEET
Underlying ISIN-
Underlying stock exchangeNMX
Underlying currencyUSD
Multiplier0.7008458
Issue date2018/04/03
Issue price1,343.68
Start value underlying65.1700
MaturityOpen end
First trading day2018/04/03
Last trading dayOpen end
Quantono
CurrencyCZK
Capital gains taxyes
EU withholding taxno

Index/Participation Certificates | Description

WTI Participation Certificates
Price of a WTI participation certificate = price of the nearest WTI futures contract x RATIO x USDCZK.
Therefore, the performance of this WTI participation certificate depends on the performance of the WTI futures contract, the RATIO and FX rate of USDCZK. The certificate always monitors the nearest WTI futures contract on the NYMEX stock exchange. Of course, the certificate has unlimited maturity. Thus, the roll-over or “rolling” of the contracts must take place regularly every month shortly before the expiry of the nearest futures contract.
Roll-over means that an expiring futures contract is sold and the next nearest futures contract is bought. There may be or usually is a change in the RATIO during roll-over. On the one hand, roll-over is encumbered by selling and buying costs of futures contracts and, on the other, there may be losses or profits.
Profits during roll-over arise when the price of the expiring futures contract is higher than the price of a new futures contract (so-called “backwardation”). More could be invested in new futures contract and the RATIO rises.
Losses during roll-over arise when the price of an expiring futures contract is lower than the price of a new futures contract (so-called “contango”). And so less may be invested in the new futures contract and the RATIO falls.
The higher the RATIO the more the client participates in the growth of the WTI futures contract.
The increase of the USDCZK exchange rate (so-called weakening of the crown against the USD) supports the rise of the WTI certificate price. In contrast, the fall in the USDCZK exchange rate (so-called strengthening of the crown against the USD) supports the fall of the WTI certificate price.

Price information

Today open659.91
Today high659.91
Today low659.91
Close (previous day)659.91
Spread in %0.60 %
Spread absolute4.00
Spread harmonised5.71
High price (52 weeks)1,442.24
Low price (52 weeks)189.09

Performance

Performance YTD in %-52.13%
Performance 1 month in %+4.42%
Performance 6 months in %-50.06%
Performance 1 year in %-50.41%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2020/07/10 16:19:50
Bid Ask
657.91 -
Difference 0.00% (0.00)

Date: 2020/07/13 08:09:31
Underlying Quote
40.30 USD
Difference -0.62% (-0.25)

General attributes underlying

NameWTI LIGHT SWEET
ISIN-
Stock exchange (underlying)NMX
Currency (underlying)USD
Start value underlying65.1700
Price40.30
Time20/07/13 - 08:09:31
Change in %-0.62%
Today high40.53
Today low39.93
High price (52 weeks)62.21
Low price (52 weeks)20.28


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

Notice on chart of future underlyings

The chart displays the performance of the future currently serving as underlying. The underlying changes monthly or quarterly, as shortly before the future expires there is a roll-over in the next due future. Therefore, the price history in the chart solely represents the current future underlying.


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.

Contact

Do you have any further questions which are not covered in our know-how area? Please ask directly our product specialists via our contact form.




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