Erste Lists Two Knock-Out Certificates On Proprietatea Stock In Bucharest

04.28.2011 By Florentina Dragu

Austria's Erste Group Bank AG (EBS.RO) will launch in Bucharest Friday two knock-out (turbo) certificates on the stock of Romanian investment fund Fondul Proprietatea (FP.RO).

Austria's Erste Group Bank AG (EBS.RO) will launch in Bucharest Friday two knock-out (turbo) certificates on the stock of Romanian investment fund Fondul Proprietatea (FP.RO).

The long and short knock-out certificates mature on September 30. Each structured product comprises 100 shares in Fondul Proprietatea.

Repurchase prices is set at 0.51 lei per one long knock-out certificate and at RON0.66 per one short knock-out certificate, while knock-out barriers are at RON0.53 and RON0.64, respectively.

The Bucharest stock exchange currently trades 32 structured products issued by Erste and Raiffeisen Centrobank.