Look for:

Our offer for

Erste Group Participation certificate E-mini S&P 500 Open end


ISIN:
AT0000A2VH33
WKN:
EB0551

2024/02/22 16:29:48
Bid Ask
1,124.72 1,125.63
Difference 2.07% (22.86)

General attributes

IssuerErste Group Bank AG
Product typeIndex/Participation Certificates
CurrencyCZK
UnderlyingE-mini S&P 500
Current underlyingE-Mini S&P 500 MAR24
Price underlying5,094.25 USD
Date2024/02/23 01:40:49
Last rollover2023/12/12
Expected next rollover2024/03/12
MaturityOpen end
Multiplier0.0094846
Management fee0.00%

PDF Downloads

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 shares.
  •   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.
     

    2024/02/22 16:29:48
    Bid Ask
    1,124.72 1,125.63
    Difference 2.07% (22.86)

    General attributes

    IssuerErste Group Bank AG
    Product typeIndex/Participation Certificates
    Stock exchangePRS
    UnderlyingE-mini S&P 500
    Current underlyingE-Mini S&P 500 MAR24
    Underlying ISIN-
    Underlying stock exchangeCME
    Underlying currencyUSD
    Multiplier0.0094846
    Issue date2022/02/14
    Issue price972.76
    Start value underlying4,535.0000
    Last rollover2023/12/12
    Expected next rollover2024/03/12
    MaturityOpen end
    First trading day2022/02/14
    Last trading dayOpen end
    Quantono
    CurrencyCZK
    Management fee0.00%

    Index/Participation Certificates | Description

    E-mini S&P500 Participation Certificates 
    Price of a e-mini S&P500 participation certificate = price of the nearest e-mini S&P500 futures contract x RATIO x USDCZK.
    Therefore, the performance of this e-mini S&P500 participation certificate depends on the performance of the e-mini S&P500 futures contract, the RATIO and FX rate of USDCZK. The certificate always monitors the nearest e-mini S&P500 futures contract on the CME stock exchange. Of course, the certificate has unlimited maturity. Thus, the roll-over or “rolling” of the contracts must take place regularly each quarter 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 e-mini S&P500 futures contract.
    The increase of the USDCZK exchange rate (so-called weakening of the crown against the USD) supports the rise of the e-mini S&P500 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 e-mini S&P500 certificate price.
     

    Price information

    Today open1,109.48
    Today high1,125.43
    Today low1,109.48
    Close (previous day)1,102.32
    Spread in %0.08 %
    Spread absolute0.91
    Spread harmonised95.95
    High price (52 weeks)1,130.77
    Low price (52 weeks)834.86

    Performance

    Performance YTD in %+11.31%
    Performance 1 month in %+7.50%
    Performance 6 months in %+18.86%
    Performance 1 year in %+28.35%
    Performance 3 years in %-
    Performance 5 years in %-
    Performance since inception in %+15.67%


    2024/02/22 16:29:48
    Bid Ask
    1,124.72 1,125.63
    Difference 2.07% (22.86)

    Date: 2024/02/23 01:40:49
    Underlying Quote
    5,094.25 USD
    Difference -0.07% (-3.50)

    General attributes underlying

    NameE-mini S&P 500
    ISIN-
    Stock exchange (underlying)CME
    Currency (underlying)USD
    Start value underlying4,535.0000
    Current underlyingE-Mini S&P 500 MAR24
    Last rollover2023/12/12
    Expected next rollover2024/03/12
    Price5,094.25
    Time24/02/23 - 01:40:49
    Change in %-0.07%
    Today high5,100.50
    Today low5,092.25
    High price (52 weeks)5,107.75
    Low price (52 weeks)3,956.25


    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.




    Decline
    Accept

    We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. Please read more information here

    INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

    Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

    By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer