Product catalog
Our products in subscription - informative and at a glance
Go to the product catalog
Discount certificates
Compact knowledge at a glance
Discount certificates
Compact knowledge at a glance
Discount certificates are one of the most popular investment products. With this type of investment, you can benefit from a price advantage compared to a direct investment by investing in an underlying asset at a discount. However, potential profits are limited by a cap.
Investing in discount certificates
Payoff profiles
The payoff profiles show the profit or loss of an
investment, if the underlying rises or falls.
Product features at a glance
- In sideways moving or slightly falling or rising markets, investors achieve a better return with a discount certificate than with a direct investment in the underlying asset
- Investors receive a discount on the underlying price when buying the certificate compared to the direct investment in the underlying asset.
- The discount received at the time of purchase protects against losses of the underlying asset to a certain extent.
- The maximum achievable yield is already known at the time of purchase, and investors participate in price increases up to the cap.
- Profit opportunities with a discount certificate are limited to the cap.
- Losses are possible in the event of falling underlying asset prices.
- Investors bear the credit risk of the issuer, i.e., the risk of changes in creditworthiness or insolvency.
- This security is not covered by any deposit guarantee system. Investors are exposed to the risk that Erste Group Bank AG may not be able to meet its obligations in the event of insolvency (payment default, over indebtedness) or a regulatory order (bail-in regime). There is a possibility of a total loss of invested capital.