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Erste Group Turbo short WTI LIGHT SWEET Open end


ISIN:
AT0000A2WC94
WKN:
EB06NJ

2024/06/19 11:56:46
Bid Ask
753.99 759.00
Difference 0.32% (2.38)

General attributes

IssuerErste Group Bank AG
Product typeTurbo long/short
CurrencyCZK
Long/ Shortshort
Stock exchangePRS
UnderlyingWTI LIGHT SWEET
Current underlyingWTI LIGHT SWEET AUG24
Underlying ISIN-
Underlying stock exchangeNMX
Underlying currencyUSD
Price underlying80.54 USD
Date2024/06/19 11:46:47
Strike113.0297 USD
Strike distance in %40.20%
Barrier108.0297 USD
Barrier distance27.41 USD
Barrier distance in %34.00%
Knocked outno
Pay back value-
Leverage2.46
Multiplier1.0000000
Start price product900.62
Issue date2022/03/28
Last rollover2024/06/17
Expected next rollover2024/07/17
First trading day2022/03/28
Last trading dayOpen end
MaturityOpen end
Quantono

The calculation of the key figures is based on the most recently delivered price of the underlying (see date/time stamp in tab underlying).

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
  • Your return potential is disproportionately high due to low capital investment and the leverage effect.
  • With a turbo long you profit from rising underlying prices, with a turbo short from falling prices.              
  • The time value and the volatility of the underlying have almost no influence on the price of the turbo.
  • Turbos have transparent prices.

    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 type of underlying asset.
  •  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 investment product is not intended for investors (negative product target market), who: 

  •  do not have sufficient knowledge regarding structured investment instruments and the type of underlying asset
  • are unable to bear the loss of invested funds indicated in the Key Information Document (KID) 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.
    --------------------------------------

  • The leverage effect can lead to disproportionate losses. There is no capital guarantee, and a total loss of the invested capital is possible.
  • If this product is not secured against a currency risk, the performance of the product is affected by the positive or negative trend of the exchange rate between the product’s currency (CZK) and the currency in which the underlying asset is traded. If CZK strengthens, the price falls and if CZK weakens the price rises.
  • Investors bear the credit risk of the issuer.
  • Investors are exposed to the risk that Erste Group Bank AG may not be able to meet its obligations in the event of insolvency.
  • There is a possibility of a total loss of the capital invested
  • This security is not covered by any deposit insurance scheme.


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.
The settlement at knock-out of the certificate will realize within 7 working days.



2024/06/19 11:56:46
Bid Ask
753.99 759.00
Difference 0.32% (2.38)

General attributes

IssuerErste Group Bank AG
Product typeTurbo long/short
CurrencyCZK
Long/ Shortshort
Stock exchangePRS
UnderlyingWTI LIGHT SWEET
Current underlyingWTI LIGHT SWEET AUG24
Underlying ISIN-
Underlying stock exchangeNMX
Underlying currencyUSD
Price underlying80.54 USD
Date2024/06/19 11:46:47
Strike113.0297 USD
Strike distance in %40.20%
Barrier108.0297 USD
Barrier distance27.41 USD
Barrier distance in %34.00%
Knocked outno
Pay back value-
Leverage2.46
Multiplier1.0000000
Start price product900.62
Issue date2022/03/28
Last rollover2024/06/17
Expected next rollover2024/07/17
First trading day2022/03/28
Last trading dayOpen end
MaturityOpen end
Quantono

The calculation of the key figures is based on the most recently delivered price of the underlying (see date/time stamp in tab underlying).

Turbo long/short | Description

Turbo long/short allow you to benefit from market fluctuations in both ways. Turbo Long benefit from rising prices, Turbo Short from falling ones. Every incremental movement in the price of the underlying may lead to disproportionately high returns due to the leverage effect. However, while the unlimited upward potential is the upside of this particular Turbo , the risk of losing the entire capital invested if the set barrier has been broken is its downside.
 
In the case of Turbo Long the barrier is set below the current price of the underlying. Turbo Short will have the barrier set above the current price of the underlying. There are Turbo long/short with and without expiry date.
 
There is no entitlement to dividends from the underlying instrument.

Price information

Today open754.87
Today high762.56
Today low753.96
Close (previous day)754.12
Spread in %0.66 %
Spread absolute5.00
Spread harmonised5.00
High price (52 weeks)1,167.77
Low price (52 weeks)596.48

Performance

Performance YTD in %-25.15%
Performance 1 month in %-5.04%
Performance 6 months in %-22.42%
Performance 1 year in %-30.72%
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-16.01%


2024/06/19 11:56:46
Bid Ask
753.99 759.00
Difference 0.32% (2.38)

Date: 2024/06/19 11:46:47
Underlying Quote
80.54 USD
Difference -0.21% (-0.17)

General attributes underlying

NameWTI LIGHT SWEET
ISIN-
Stock exchange (underlying)NMX
Currency (underlying)USD
Start value underlying94.7900
Current underlyingWTI LIGHT SWEET AUG24
Last rollover2024/06/17
Expected next rollover2024/07/17
Price80.54
Time24/06/19 - 11:46:47
Change in %-0.21%
Today high80.88
Today low80.30
High price (52 weeks)85.27
Low price (52 weeks)66.26


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 chart of future underlyings

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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