Obligation Erste Bank 4% ( AT0000A2HT37 ) en EUR

Erste Bank

100 % ▲

Autriche

AT0000A2HT37 ( en EUR )

4% par an ( paiement annuel )

02/09/2024 - Obligation échue

Prospectus brochure de l'obligation Erste Group AT0000A2HT37 en EUR 4%, échue

1 000 EUR

50 000 000 EUR

Erste Group est une société financière autrichienne offrant des services bancaires de détail, de gros et d'investissement dans plusieurs pays d'Europe centrale et orientale.

Une analyse des marchés financiers révèle la clôture réussie d'une émission obligataire majeure : l'instrument de dette, identifié par le code ISIN AT0000A2HT37, émis par Erste Group, est arrivé à complète maturité et a été intégralement remboursé le 2 septembre 2024. Erste Group, l'émetteur de cette obligation, est l'une des principales institutions financières d'Autriche et l'un des plus grands prestataires de services bancaires en Europe centrale et orientale, dont l'histoire remonte à 1819 et qui joue un rôle systémique dans les économies où elle opère. Cette obligation, libellée en euros (EUR), offrait un taux d'intérêt nominal de 4% payé annuellement, un rendement compétitif pour son profil de risque à l'époque de son émission. Avec une taille totale d'émission de 50 000 000 EUR, ce titre était accessible aux investisseurs avec une taille minimale d'achat de 1 000 EUR, favorisant une certaine liquidité sur le marché secondaire autrichien. Au moment de son échéance, le prix affiché sur le marché était de 100%, confirmant le remboursement du principal conformément aux attentes des investisseurs, et marquant ainsi la conclusion réussie de ce cycle d'investissement.

Key Information Document
Purpose
This document provides you with key information about this investment product. It is not marketing material. The information is required by
law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other
products.
Product
Product name: ERSTE Multi Fix Kupon Express Anleihe Industrie 20-24
ISIN: AT0000A2HT37
Issuer: Erste Group Bank AG
www.erstegroup.com/en/imprint

Call +43 (0)5 0100 10100 for more
Regulator: Finanzmarktaufsicht (FMA)
Created: 11/24/2020
information
You are about to purchase a product that is not simple and may be difficult to understand.
What is this product?
Type
You invest into a debt obligation of the category Investment Product (Express Note).
Objectives
The aim is to receive a fixed return. The product has a fixed interest rate and a fixed maturity, unless an early redemption occurs. The
date and amount of redemption will depend on the performance of the underlyings. Interest is paid independent of the performance of the
underlyings. Apart from any payouts provided for in the product terms and conditions, there is no entitlement to other current return (e.g.
dividends from the underlying instruments).
If the closing prices of all underlyings are equal to or exceed the relevant redemption barrier on any valuation date, the product will be
redeemed prior to maturity at 100% of the principal amount including the interest payments due until that time. If no early redemption
occurs, redemption at maturity will depend on the performance of the underlyings. If the closing price of all underlyings is equal to or
exceeds the final redemption barrier on the last valuation date, the product will be redeemed at 100% of the principal amount. Otherwise
the product will be redeemed by delivering shares of the underlying with the worst performance ("worst-of"). The number of delivered
shares is equal to the result of dividing the principal amount by the strike price. Fractions of shares will not be delivered; a cash settlement
amount will be paid instead. The value of the delivered shares will be generally lower than the principal amount.
This product has a latest maturity date on 9/2/2024, provided that no early redemption has occurred. Early redemptions are possible on a
yearly basis, beginning 9/2/2021.
Underlyings:
Equity basket consisting of 2 shares.
Issue Date:
9/2/2020
Maturity Date:
9/2/2024
Principal Amount:
1,000.00 EUR
Interest Rate:
4.00%
Payment Dates:
yearly, starting on 9/2/2021
Early Redemption Date:
yearly, starting on 9/2/2021
Valuation Dates:
8/26/2021 (1); 8/26/2022 (2); 8/28/2023 (3); 8/26/2024 (4)

Underlying Name:
Strike Price:
Early Redemption Barrier:
Final Redemption Barrier:
SIEMENS AG
106.5809 EUR
116.86 EUR
58.43 EUR
KONE CORP.
72.38 EUR
72.38 EUR
36.19 EUR

If the listed valuation day is not an exchange business day, the next exchange business day is the valuation date.
The issuer is entitled to terminate the product with immediate effect, if an extraordinary event occurs. Examples of extraordinary events
include the delisting or loss of the underlying, changes in legislation, tax events and the discontinuation of the issuer's ability to carry out
the necessary hedging transactions. In this case, the redemption amount (fair market price) may possibly be significantly below the
purchase price. You also bear the risk that the product will be called in at a time unfavourable to you, and you may only be able to reinvest
the redemption amount on less favourable terms.
Intended retail investor
This product is aimed at retail investors who can bear losses up to the total loss of the invested capital and prefer a medium-term
investment horizon. The retail investor has sufficient knowledge and / or experience with financial products. The retail investor has no
clear (or significant) preference regarding capital growth and/or regular payments.
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What are the risks and what could I get in return?
Risk Indicator
1
2
3
4
5
6
7
Lower risk
Higher risk
!
The risk indicator assumes you keep the product until maturity.
The actual risk can vary significantly if you cash in at an early stage and you may get back less.

The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the
product will lose money because of movements in the markets or because we are not able to pay you.
We have classified this product as 4 out of 7, which is a medium risk class.
This rates the potential losses from future performance at a medium level, and poor market conditions are very unlikely to impact our
capacity to pay you.
Be aware of currency risk. You will receive payments in a different currency, so the final return you will get depend on the exchange rate
between the two currencies. This risk is not considered in the indicator shown above.
This product does not include any protection from future market performance so you could lose some or all of your investment.
If we are not able to pay you what is owed, you could lose your entire investment.
Performance scenarios
Market developments in the future cannot be accurately predicted. The scenarios shown are only an indication of some of the possible
outcomes based on recent returns. Actual returns could be lower.
Investment of 10,000 EUR
9/2/2024
Holding period
Holding period
(recommended
Scenarios
1 year
2 years
holding period)
What you might get back after cost
2,560.18 EUR
6,084.86 EUR
4,287.32 EUR
Stress scenario
Average return each year
-74.40%
-21.99%
-19.42%
What you might get back after cost
10,017.13 EUR
10,405.43 EUR
10,520.99 EUR
Unfavorable
scenario
Average return each year
0.17%
2.01%
1.30%
What you might get back after cost
10,520.99 EUR
10,520.99 EUR
10,520.99 EUR
Moderate
scenario
Average return each year
5.21%
2.57%
1.30%
What you might get back after cost
10,520.99 EUR
11,013.93 EUR
11,734.95 EUR
Favorable
scenario
Average return each year
5.21%
4.95%
4.16%

This table shows the money you could get back until maturity, under different scenarios, assuming that you invest 10,000 EUR.
The scenarios shown illustrate how your investment could perform. You can compare them with the scenarios of other products.
The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment
varies, and are not an exact indicator. What you get will vary depending on how the market performs and how long you keep the product.
The stress scenario shows what you might get back in extreme market circumstances, and it does not take into account the situation
where we are not able to pay you.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor.
The figures do not take into account your personal tax situation, which may also affect how much you get back.
What happens if Erste Group Bank AG is unable to pay out?
This product is not covered by any deposit guarantee scheme. You are exposed to the risk that Erste Group Bank AG may not be able to
fulfil its obligations arising from this product in the event of an insolvency (inability to pay, over-indebtedness) or from an official order
("bail-in regime"). A total loss of your invested capital is possible.
What are the costs?
The Reduction in Yield (RIY) shows what impact the total costs you pay will have on the investment return you might get. The total costs
take into account one-off, ongoing and incidental costs.
The amounts shown here are the cumulative costs of the product itself, for three different holding periods. They include potential early exit
penalties. The figures assume you invest 10,000 EUR. The figures are estimates and may change in the future.
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Costs over time
Investment of 10,000 EUR
Holding
Holding
9/2/2024
period 1
period 2
(recommended
Scenarios
year
years
holding period)
Total costs
75.88 EUR
75.88 EUR
75.88 EUR
Impact on return (RIY) per year
0.80%
0.80%
0.80%

The person selling you or advising you about this product may charge you other costs. If so, this person will provide you with information
about these costs, and show you the impact that all costs will have on your investment over time.
Composition of costs
The table below shows:

the impact per year of the different types of costs on the investment return you might get at the end of the recommended holding
period;

the meaning of the different cost categories.
This table shows the impact on return per year
Entry costs
0.8044%
The impact of the costs already included in the price.
One-off costs
Exit costs
0.00%
The impact of the costs of exiting your investment when it matures.
The impact of the costs that we take each year for managing your
Ongoing costs
Other ongoing costs
0.00%
investments.
How long should I hold it and can I take money out early?
Recommended Holding Period: until 9/2/2024

The actual holding period can be shorter based on the auto-callable structure. The price is subject to fluctuations during the life of the
product, which may result in losses. It is possible to sell the product during the respective trading hours at the given stock exchanges
where this security is listed.
How can I complain?
In case of any complaint regarding the person advising on, or selling the product please contact your bank.
Any complaint regarding the product or the content of the document can be submitted to Erste Group Bank AG - Ombudsstelle, Am
Belvedere 1, 1100 Wien. You may also send an e-mail to [email protected] or contact the following website:
www.erstegroup.com/de/ueber-uns/ombudsmann-beschwerden.
Other relevant information
The binding legal basis for this security are only the information presented in the Final Terms and the Base Prospectus including its official
supplements, which have been drawn in accordance with § 8 Prospectus Regulation (EU) 2017/1129, the Commission Delegated
Regulations (EU) 2019/980 and (EU) 2019/979 and the Austrian Capital Market Act and approved by the Austrian Financial Market
Authority (FMA). To obtain full information on this security, in particular about the product characteristics and the risks associated with this
investment, the Final Terms and, where appropriate, the base prospectus and its official appendices should be read. All documents can
be requested from the Issuer Erste Group Bank AG, Am Belvedere 1, 1100 Wien and are also available on the website
www.erstegroup.com/emissionen.
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