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Erste Group Participation certificate WTI LIGHT SWEET Open end


ISIN:
AT0000A2L4A1
WKN:
EB03GY

2024/04/12 16:29:48
Bid Ask
2,431.27 2,436.27
Difference 3.31% (77.97)

General attributes

IssuerErste Group Bank AG
Product typeIndex/Participation Certificates
CurrencyCZK
UnderlyingWTI LIGHT SWEET
Current underlyingWTI LIGHT SWEET MAY24
Price underlying-
Date- -
Last rollover2024/03/14
Expected next rollover2024/04/17
MaturityOpen end
Multiplier1.1634476

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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
  • In the case of rising prices of the underlying asset, you participate in this growth.
  • Participation certificates are a cost-efficient form of investment.
  • They are an easy way for you to diversify the risk.
Please note that the target market of this investment instrument is listed below. If you do not meet any of the listed parameters, you may be outside the specified target market!

The target market defines the set of investors (retail clients) for whom the investment product is intended.

This investment product is intended for investors who:
  • have sufficient knowledge and/or experience regarding structured products and alternative investments.
  • seek investment profit
  • are able to accept a level of risk that is in accordance with the risk indicator of the product specified in General attributes.
  • In the event of an unfavorable development of the investment, they are able to bear the possible loss, which is ilustrated by performance scenarios, see Key Information Document (KID).
  • are interested in holding the product until the maturity specified in General attributes.

    This participation certificate is not intended for investors (negative product target market) who are unable to bear the possible loss of invested funds in the event of an unfavorable development of the investment.

    The client's compatibility with the product's target market will be evaluated during the purchase process.
  • -----------------------------------
    • Falling markets translate into losses for Participation certificates.
    • If this is not a quanto certificate or the certificate is not secured against a currency risk, the performance of the certificate is affected by the positive or negative trend of the exchange rate between the certificate’s currency (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.

    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.

    2024/04/12 16:29:48
    Bid Ask
    2,431.27 2,436.27
    Difference 3.31% (77.97)

    General attributes

    IssuerErste Group Bank AG
    Product typeIndex/Participation Certificates
    Stock exchangePRS
    UnderlyingWTI LIGHT SWEET
    Current underlyingWTI LIGHT SWEET MAY24
    Underlying ISIN-
    Underlying stock exchangeNMX
    Underlying currencyUSD
    Multiplier1.1634476
    Issue date2020/11/23
    Issue price935.98
    Start value underlying41.7400
    Last rollover2024/03/14
    Expected next rollover2024/04/17
    MaturityOpen end
    First trading day2020/11/23
    Last trading dayOpen end
    Quantono
    CurrencyCZK

    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 open2,375.73
    Today high2,434.59
    Today low2,369.51
    Close (previous day)2,355.80
    Spread in %0.21 %
    Spread absolute5.00
    Spread harmonised4.30
    High price (52 weeks)2,472.27
    Low price (52 weeks)845.68

    Performance

    Performance YTD in %+30.74%
    Performance 1 month in %+15.57%
    Performance 6 months in %+7.28%
    Performance 1 year in %+21.09%
    Performance 3 years in %+86.11%
    Performance 5 years in %-
    Performance since inception in %+160.02%


    2024/04/12 16:29:48
    Bid Ask
    2,431.27 2,436.27
    Difference 3.31% (77.97)

    Date: - -
    Underlying Quote
    -
    Difference - (-)

    General attributes underlying

    NameWTI LIGHT SWEET
    ISIN-
    Stock exchange (underlying)-
    Currency (underlying)-
    Start value underlying41.7400
    Current underlyingWTI LIGHT SWEET MAY24
    Last rollover2024/03/14
    Expected next rollover2024/04/17
    Price-
    Time-
    Change in %-
    Today high-
    Today low-
    High price (52 weeks)-
    Low price (52 weeks)-


    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 charts of future underlyings (WTI, Brent Crude, Natural Gas, gold, silver, E-mini S&P 500, DAX future contract)

    (does not apply to charts where the underlying asset is the spot price of gold, silver, shares, index, currency pair)
     
    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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