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


ISIN:
AT0000A2VH33
WKN:
EB0551

2022/06/30 16:29:49
Bid Ask
886.67 887.28
Difference -1.57% (-14.11)

General attributes

IssuerErste Group Bank AG
Product typeIndex/Participation Certificates
CurrencyCZK
UnderlyingE-mini S&P 500
Current underlyingE-Mini S&P 500 SEP22
Price underlying3,771.25 USD
Date2022/06/30 21:55:30
Last rollover2022/06/14
Expected next rollover2022/09/13
MaturityOpen end
Multiplier0.0100112
Management fee0.00%

PDF Downloads

Final termsPDF Download
CZ FlyerPDF 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.
 
  • 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.
 

 
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2022/06/30 16:29:49
Bid Ask
886.67 887.28
Difference -1.57% (-14.11)

General attributes

IssuerErste Group Bank AG
Product typeIndex/Participation Certificates
Stock exchangePRS
UnderlyingE-mini S&P 500
Current underlyingE-Mini S&P 500 SEP22
Underlying ISIN-
Underlying stock exchangeCME
Underlying currencyUSD
Multiplier0.0100112
Issue date2022/02/14
Issue price972.76
Start value underlying4,535.0000
Last rollover2022/06/14
Expected next rollover2022/09/13
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 open890.88
Today high898.05
Today low885.14
Close (previous day)901.09
Spread in %0.07 %
Spread absolute0.61
Spread harmonised60.93
High price (52 weeks)1,028.09
Low price (52 weeks)495.52

Performance

Performance YTD in %-
Performance 1 month in %-7.52%
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-8.82%


2022/06/30 16:29:49
Bid Ask
886.67 887.28
Difference -1.57% (-14.11)

Date: 2022/06/30 21:55:31
Underlying Quote
3,771.25 USD
Difference -1.31% (-50.00)

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 SEP22
Last rollover2022/06/14
Expected next rollover2022/09/13
Price3,771.25
Time22/06/30 - 21:55:31
Change in %-1.31%
Today high3,825.00
Today low3,741.25
High price (52 weeks)4,792.00
Low price (52 weeks)3,639.00


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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