| 2023/03/21 09:19:42 | |
|---|---|
| Bid | Ask |
| 863.56 | 864.46 |
| Difference | -0.02% (-0.15) |
General attributes
| Issuer | Erste Group Bank AG |
| Product type | Index/Participation Certificates |
| Currency | CZK |
| Underlying | E-mini S&P 500 |
| Current underlying | E-Mini S&P 500 JUN23 |
| Price underlying | 3,994.75 USD |
| Date | 2023/03/21 09:09:41 |
| Last rollover | 2023/03/14 |
| Expected next rollover | 2023/06/13 |
| Maturity | Open end |
| Multiplier | 0.0097948 |
| Management fee | 0.00% |
PDF Downloads
| Final terms |  |
| Key Information Document | |
| Advantages | Disadvantages |
|
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:
--------------------------------------
|
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.
|
| 2023/03/21 09:19:42 | |
|---|---|
| Bid | Ask |
| 863.56 | 864.46 |
| Difference | -0.02% (-0.15) |
General attributes
| Issuer | Erste Group Bank AG |
| Product type | Index/Participation Certificates |
| Stock exchange | PRS |
| Underlying | E-mini S&P 500 |
| Current underlying | E-Mini S&P 500 JUN23 |
| Underlying ISIN | - |
| Underlying stock exchange | CME |
| Underlying currency | USD |
| Multiplier | 0.0097948 |
| Issue date | 2022/02/14 |
| Issue price | 972.76 |
| Start value underlying | 4,535.0000 |
| Last rollover | 2023/03/14 |
| Expected next rollover | 2023/06/13 |
| Maturity | Open end |
| First trading day | 2022/02/14 |
| Last trading day | Open end |
| Quanto | no |
| Currency | CZK |
| Management fee | 0.00% |
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 open | 855.26 |
| Today high | 864.38 |
| Today low | 853.35 |
| Close (previous day) | 860.01 |
| Spread in % | 0.10 % |
| Spread absolute | 0.90 |
| Spread harmonised | 91.89 |
| High price (52 weeks) | 1,043.85 |
| Low price (52 weeks) | 475.03 |
Performance
| Performance YTD in % | +1.46% |
| Performance 1 month in % | -3.06% |
| Performance 6 months in % | -8.49% |
| Performance 1 year in % | -12.84% |
| Performance 3 years in % | - |
| Performance 5 years in % | - |
| Performance since inception in % | -11.16% |
| 2023/03/21 09:19:42 | |
|---|---|
| Bid | Ask |
| 863.56 | 864.46 |
| Difference | -0.02% (-0.15) |
| Date: 2023/03/21 09:09:42 | |
|---|---|
| Underlying Quote | |
| 3,994.50 USD | |
| Difference | +0.29% (11.50) |
General attributes underlying
| Name | E-mini S&P 500 |
| ISIN | - |
| Stock exchange (underlying) | CME |
| Currency (underlying) | USD |
| Start value underlying | 4,535.0000 |
| Current underlying | E-Mini S&P 500 JUN23 |
| Last rollover | 2023/03/14 |
| Expected next rollover | 2023/06/13 |
| Price | 3,994.50 |
| Time | 23/03/21 - 09:09:42 |
| Change in % | 0.29% |
| Today high | 3,999.00 |
| Today low | 3,981.75 |
| High price (52 weeks) | 4,690.25 |
| Low price (52 weeks) | 3,580.00 |