Erste Group Participation certificate E-mini S&P 500 Open end |
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ISIN: AT0000A2VH33 | WKN: EB0551 |
2024/08/16 09:32:01 | |
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Bid | Ask |
1,180.56 | 1,181.46 |
Minimum yield | - |
Difference | 0.75%(8.81) |
General attributes | |
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Issuer | Erste Group Bank AG |
Product type | Index/Participation Certificates |
Stock exchange | PRS |
Underlying | E-mini S&P 500 |
Underlying ISIN | - |
Underlying stock exchange | CME |
Underlying currency | USD |
Multiplier | 0.0093 |
Issue date | 2022/02/14 |
Issue price | 972.76 |
Start value underlying | 4,535.00 |
Maturity | Open end |
First trading day | 2022/02/14 |
Last trading day | Open end |
Quanto | no |
Currency | CZK |
Capital gains tax | yes |
EU withholding tax | no |
Index/Participation Certificates | Description |
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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.
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Price information | |
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Today open | 1,179.53 |
Today high | 1,180.35 |
Today low | 1,179.53 |
Close (previous day) | 1,172.21 |
Spread in % | 0.08% |
Spread absolute | 0.91 |
Spread harmonised | 98.35 |
High price (52 weeks) | 1,220.13 |
Low price (52 weeks) | 915.32 |
Performance | |
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Performance YTD in % | +15.96% |
Performance 1 month in % | -3.51% |
Performance 6 months in % | +4.90% |
Performance 1 year in % | +23.28% |
Performance 3 years in % | - |
Performance 5 years in % | - |
Performance since inception in % | +20.50% |
Disclaimer |
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You will get more details of advantages, risks and other significant circumstances related to Certificates at the branches of Česká spořitelna. Information about previous performance does not guarantee future performance. The information sources used are generally regarded as reliable, although Česká spořitelna cannot guarantee the correctness and completeness of the information contained therein. The aim of this material is to give information on the services and products contained therein; it is not a binding proposal establishing any rights and obligations for participants. All information contained in this material is of informative nature only. Before using the material for investment, a specialized consultant should be contacted. |