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Erste Group Turbo short E-mini S&P 500 Open end


ISIN:
AT0000A372T5
WKN:
EB1FEA

2023/12/11 16:29:47
Bid Ask
104.56 105.46
Difference -0.59% (-0.62)

General attributes

IssuerErste Group Bank AG
Product typeTurbo long/short
Long/ Shortshort
Stock exchangePRS
UnderlyingE-mini S&P 500
Current underlyingE-Mini S&P 500 DEC23
Underlying ISIN-
Underlying stock exchangeCME
Underlying currencyUSD
Price underlying4,625.25 USD
Date2023/12/11 22:40:47
Strike5,067.3703 USD
Strike distance in %9.56%
Barrier4,967.3703 USD
Barrier distance342.12 USD
Barrier distance in %7.40%
Knocked outno
Pay back value-
Leverage9.94
Multiplier0.0100000
Start price product128.43
CurrencyCZK
Issue date2023/09/25
Last rollover2023/09/12
Expected next rollover2023/12/12
First trading day2023/09/25
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).

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Final termsPDF Download
Key Information DocumentPDF Download


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Our analysts say...


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.
  • You can participate in rising prices.
  • The influence of time value and volatility is very low.

    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.

    Turbo long/short 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.
    --------------------------------------

  • You may lose your entire investment.
  • The leverage effect may cause disproportionately high losses.
  • 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.

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.



2023/12/11 16:29:47
Bid Ask
104.56 105.46
Difference -0.59% (-0.62)

General attributes

IssuerErste Group Bank AG
Product typeTurbo long/short
Long/ Shortshort
Stock exchangePRS
UnderlyingE-mini S&P 500
Current underlyingE-Mini S&P 500 DEC23
Underlying ISIN-
Underlying stock exchangeCME
Underlying currencyUSD
Price underlying4,625.25 USD
Date2023/12/11 22:40:47
Strike5,067.3703 USD
Strike distance in %9.56%
Barrier4,967.3703 USD
Barrier distance342.12 USD
Barrier distance in %7.40%
Knocked outno
Pay back value-
Leverage9.94
Multiplier0.0100000
Start price product128.43
CurrencyCZK
Issue date2023/09/25
Last rollover2023/09/12
Expected next rollover2023/12/12
First trading day2023/09/25
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.

Price information

Today open105.29
Today high106.54
Today low103.64
Close (previous day)105.63
Spread in %0.85 %
Spread absolute0.90
Spread harmonised90.00
High price (52 weeks)-
Low price (52 weeks)-

Performance

Performance YTD in %-
Performance 1 month in %-35.92%
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-18.24%


2023/12/11 16:29:47
Bid Ask
104.56 105.46
Difference -0.59% (-0.62)

Date: 2023/12/11 22:40:47
Underlying Quote
4,625.25 USD
Difference +0.39% (17.75)

General attributes underlying

NameE-mini S&P 500
ISIN-
Stock exchange (underlying)CME
Currency (underlying)USD
Start value underlying4,539.5000
Current underlyingE-Mini S&P 500 DEC23
Last rollover2023/09/12
Expected next rollover2023/12/12
Price4,625.25
Time23/12/11 - 22:40:47
Change in %0.39%
Today high4,627.25
Today low4,599.50
High price (52 weeks)4,685.00
Low price (52 weeks)3,905.00


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 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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