Erste Lists 4 Knock-out Certificates In Bucharest Monday

05.06.2011 By Florentina Dragu

Erste Group Bank AG (EBS.RO) will list four knock-out (turbo) certificates on the Bucharest stock exchange May 9, the Bucharest market operator said in a statement Friday.

Erste will list one million long and one million short knock-out certificates for which the underlying is the DAX index in Frankfurt, and one million short knock-out certificates for each of GOLD and WTI LIGHT SWEET underlying instruments.

All knock-out products mature on September 30.

The Bucharest stock exchange currently trades 15 knock-out products issued by Erste and Raiffeisen Centrobank.