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Erste Group Participation certificate DAX FUTURE Open end


ISIN:
AT0000A2X0N8
WKN:
EB071L

2024/02/28 16:29:49
Bid Ask
4,271.8901 4,274.8999
Difference 0.31% (13.37)

General attributes

IssuerErste Group Bank AG
Product typeIndex/Participation Certificates
CurrencyCZK
UnderlyingDAX FUTURE
Current underlyingDAX Future MAR24
Price underlying17,633.00 EUR
Date2024/02/28 22:03:20
Last rollover2023/12/12
Expected next rollover2024/03/12
MaturityOpen end
Multiplier0.0095549
Management fee0.00%

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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 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.

    2024/02/28 16:29:49
    Bid Ask
    4,271.8901 4,274.8999
    Difference 0.31% (13.37)

    General attributes

    IssuerErste Group Bank AG
    Product typeIndex/Participation Certificates
    Stock exchangePRS
    UnderlyingDAX FUTURE
    Current underlyingDAX Future MAR24
    Underlying ISINDE000C6LWM58
    Underlying stock exchangeEUX
    Underlying currencyEUR
    Multiplier0.0095549
    Issue date2022/04/11
    Issue price3,519.82
    Start value underlying14,328.0000
    Last rollover2023/12/12
    Expected next rollover2024/03/12
    MaturityOpen end
    First trading day2022/04/11
    Last trading dayOpen end
    Quantono
    CurrencyCZK
    Management fee0.00%

    Index/Participation Certificates | Description

    DAX participation certificate: 
    The price of the DAX participation certificate = price of the next DAX futures contract x RATIO x EUR to CZK. 
    Therefore, the performance of this DAX participation certificate depends on the performance of the DAX futures contract, RATIO and EUR to CZK FX rate. The certificate always observes the next DAX futures contract on the EUREX Exchange. Of course, this is a perpetual maturity certificate. Therefore, every quarter, shortly before the expiry of the next futures contract, there is a roll-over, i.e. the so-called roll-over of contracts. 
    The roll-over means that the expiring futures contract is sold and the very next futures contract is purchased. There may be and usually is a change to the RATIO during the roll-over. One the one hand, the roll-over is burdened with the selling and buying costs and on the other there could be loss or profit. 
    Profit occurs during the roll-over when the price of the expiring futures contract is higher than the price of the new futures contract (so called backwardation). More can be invested in the new futures contract and the RATIO rises. 
    Loss occurs during the roll-over when the price of the expiring futures contract is lower than the price of the new futures contract (so called contango). Therefore, less can be invested in the new futures contract and the RATIO falls. 
    The higher the RATIO the more the client participates in the increase of the DAX futures contract. 
    The rise of the EUR to CZK rate (the crown weakening against the EUR) encourages the growth of the price of the DAX certificate. In turn, the fall of the EUR to CZK rate (the crown strengthening against the EUR) encourages the fall of the price of the DAX certificate. 

    Price information

    Today open4,259.38
    Today high4,279.79
    Today low4,259.38
    Close (previous day)4,260.02
    Spread in %0.07 %
    Spread absolute3.01
    Spread harmonised315.00
    High price (52 weeks)4,279.79
    Low price (52 weeks)1,805.01

    Performance

    Performance YTD in %+6.68%
    Performance 1 month in %+6.03%
    Performance 6 months in %+14.54%
    Performance 1 year in %+18.75%
    Performance 3 years in %-
    Performance 5 years in %-
    Performance since inception in %+21.41%


    2024/02/28 16:29:49
    Bid Ask
    4,271.8901 4,274.8999
    Difference 0.31% (13.37)

    Date: 2024/02/28 22:03:20
    Underlying Quote
    17,633.00 EUR
    Difference +0.18% (32.00)

    General attributes underlying

    NameDAX FUTURE
    ISINDE000C6LWM58
    Stock exchange (underlying)EUX
    Currency (underlying)EUR
    Start value underlying14,328.0000
    Current underlyingDAX Future MAR24
    Last rollover2023/12/12
    Expected next rollover2024/03/12
    Price17,633.00
    Time24/02/28 - 22:03:20
    Change in %0.18%
    Today high17,661.00
    Today low17,592.00
    High price (52 weeks)17,625.00
    Low price (52 weeks)14,867.00


    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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