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Date: 2024/06/28 11:15:00
Bid	Ask
-	100.00
Difference	0.00% (0.00)

General attributes

Type of bond	Structured bonds and notes
Bond style	senior
Issuer type	financial institution
Country of issue	LU
Current coupon	-
Coupon style	variable
Coupon payment date	2029/07/17
Coupon payment period	at maturity
Value date	2024/07/17
Maturity	2029/07/17
Repayment value	100.00
Currency	CZK
Nominal value	30,000
Accrued Interest	-
Yield to maturity p.a. (before capital gains tax)	-
Investor tolerance	2 (scale 1-7)
Last trading day	2029/07/10

Basic bond documents (prospectuses, supplements,..)

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CZ Flyer

CZ Key Information Documents of structured bonds and notes

Scale: ABS REL Instrument

Interactive chart

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The chart is composed of values which are the arithmetic average values of bid / ask (MID) from previous working day. Performances under 12 month have only little informative value. Information about previous performance does not guarantee future performance.

Source: Česká spořitelna, a. s.

Advantages

Details you should be aware of

Why buy Prémiový dluhopis PX 1?

Interesting yield potential for its duration period.
125% participation in a regularly observed development of the underlying asset – PX index.
Regular observation of the underlying asset. Resulting yield is calculated as 125% participation in the average performance of annually observed underlying asset.
Even when the price of the underlying asset falls, at least 100% of the nominal value of Premiový dluhopis PX 1 is paid out on the maturity date thanks to the guarantee.
Quick availability of funds. You can sell Prémiový dluhopis PX 1 under the standard market terms through Česká spořitelna, a.s. at any time before the maturity date for the market price. However, in such case the price may fluctuate even below 100% of its nominal value and the investor can make a loss. The guarantee of the payment of 100% of its nominal value applies only at the maturity date.
Prémiový dluhopis PX 1 is issued in Czech crowns, the investor does not bear any currency risk.

Electronic version of the Prospectus is published on the Issuer´s website https://www.bourse.lu/programme/
Programme-Citigroup/14557 or on www.investicnicentrum.cz/prospekty.
Citigroup Global Markets Funding Luxembourg S.C.A as the issuer and creator of Prémiový dluhopis PX 1 developed Key Information Document which is available on website https://keyinformationdocuments.citi.com and on the Investment Portal of Česká spořitelna, a.s. www.investicnicentrum.cz

Please note that the target market of this investment instrument is listed below. If you do not meet any of the listed parameters, you may be outside the specified target market!

The target market defines the set of investors (retail clients) for whom the investment product is intended.

This investment product is intended for investors who:

have sufficient knowledge and/or experience regarding bonds.
seek investment profit
are able to accept a level of risk that is in accordance with the risk indicator of the product specified in General attributes.
In the event of an unfavorable development of the investment, they are able to bear the possible loss, which is ilustrated by performance scenarios, see Key Information Document (KID).
are interested in holding the product until the maturity specified in General attributes.

Prémiový dluhopis PX 1 není určen investorům, kteří nejsou ochotni akceptovat možnou ztrátu investovaných prostředků uvedenou ve Sdělení klíčových informací (KID).

The client's compatibility with the product's target market will be evaluated during the purchase process.

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Payout of 100% of its nominal value depends on the issuer being able to meet his commitments tied to Prémiový dluhopis PX 1 in case of insolvency or due to administrative measure. You may lose the entire invested amount.

Be aware of the risk of inflation. Investors should be aware that the fair value of the investment, including any real yield, can fall in connection with how inflation reduces the currency value of the product.

More information you will find in the leaflet.

Description

Interesting yield potential for 5 years with a  minimum return of 100% of the nominal value (see Note) of Prémiový dluhopis PX 1 at its maturity date.

The PX Index is the official price index of the Prague Stock Exchange, which represents the development of the Czech stock market. It consists of 11 major equity titles which it represents according to its market capitalisation. The index is mostly made up of regionally operating companies such as ČEZ, Erste Group Bank AG, Komerční banka, Moneta Money Bank and Vienna Insurance Group (VIG). These 5 pivotal equity titles account for about 90% in the weighted index. It above all covers the financial sector (68.76%) and energy industry (21.79%). The index also observes the equity titles of Philip Morris, Primoco UAV, Kofola, ColtCZ, Photon Energy and Gevorkyan. In the interest of maintaining the quality and stability of the index, the composition of the index is reviewed on a quarterly basis. This is a price index so the dividend yields gained from equity titles are not reinvested and are not projected into the index’s performance.

Issuer: Citigroup Global Markets Funding Luxembourg S.C.A. (S&P's A+ / Moody's A1 / Fitch A+)
Underlying asset: Index PX

More information you will find in the leaflet.

Payment notes

How does PD PX 1 work?

Resulting yield of Prémiový dluhopis PX 1 depends on the development of PX Index.
The initial value of the underlying asset shall be fixed on 10 July 2024.
The underlying asset is observed annually. Its value is recorded on the observation date every year.
The average value of the underlying asset is calculated from these five values acquired as part of the observation. This value is compared with its initial value.
The total amount of the payment at maturity is calculated100% of the nominal value of the Prémiový dluhopis PX 1 + 125% participation × (average value of 5 observations of the underlying asset/initial value – 1), however a minimum of 100% (see Note).
Even when the price of the underlying asset falls, at least 100% of the nominal value (see Note) of the Premiový dluhopis PX 1 is paid out at maturity thanks to the guarantee.
For the duration period of Prémiový dluhopis PX 1 its price may fall below 100% of its nominal value with regard to the development of the underlying asset and market conditions.
Maximum yield for the duration period of Prémiový dluhopis PX 1 is not limited.
Regular annual observation and averaging of gained Index values partly protects the investor against possible sharp fall in prices of the observed underlying asset just before maturity. The total yield does not depend just on the closing value of the observed underlying asset but on the continuous value of the underlying asset of Prémiový dluhopis PX 1 on observation dates in previous years. However, regular observation may reduce the resulting yield (for example when underlying asset growth occurs close to maturity).

Settlement

The maturity of Prémiový dluhopis is 17th July 2027
The yield and nominal value is paid out by Česká spořitelna
The settlement of the buying and selling of Prémiový dluhopis takes 2 working days

Secondary market

Minimum purchased amount: 1 piece
Selling price: 100%, no fee
Liquidity: daily according to current market prices, indications in the Česká spořitelna, a. s. Exchange Rate List
Price for early redemption: according to the current Price List (balance at the bond issue date: 0,7% of the transaction volume)

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Note: The payout of 100% of the nominal value depends on the issuer and guarantor to meet their commitments tied to Prémiový dluhopis PX 1 in case of insolvency or due to administrative measure and whether you keep Prémiový dluhopis PX 1 until the maturity date. If you decide to sell Prémiový dluhopis PX 1 before its maturity, it can´t be guaranteed that you will get 100% of the initial value.
Note 2: On a scale of increasing values from 1 to 7 where value 1 represents potentially the lowest risk and yield and value 7 potentially the highest risk and yield provided you that you keep Prémiový dluhopis PX 1untill the maturity date. The actual risk may differ substantially if you sell early. The risk-weighted product is a guide for comparing the rate of risk of Prémiový dluhopis PX 1 in comparison with other products. It shows how likely it is that you will lose money as a result of market fluctuations or that the issuer will not be able to meet its commitments.
Note 3: You will find the precise expression of product costs in the Subscription Instruction of Prémiový dluhopis PX 1.

Underlying

PX INDEX
XC0009698371

Index PX je oficiálním cenovým indexem pražské burzy, který reprezentuje vývoj českého akciového trhu. Je složený z 11 významných akciových titulů, které jsou v něm zastoupeny podle své tržní kapitalizace. Index je převážně tvořen regionálně působícími společnostmi jako např. ČEZ, Erste Group Bank AG, Komerční banka, Moneta Money Bank a Vienna Insurance Group (VIG). Těchto 5 stěžejních akciových titulů dosahuje v portfoliu indexu váhy cca 90 %. Sektorově pokrývá především finanční (68,76 %) a energetické odvětví (21,79 %). Index dále sleduje akciové tituly společností Philip Morris, Primoco UAV, Kofola, ColtCZ, Photon Energy a Gevorkyan. V zájmu udržení kvality a stability indexu je složení indexu revidováno na kvartální bázi. Jedná se o cenový index, takže dividendové výnosy získané z akciových titulů nejsou reinvestovány a do výkonnosti indexu se nepromítají.

Know-How

In our know-how area you can find all relevant details on the different types of bonds. The tutorial gives you selected information about the functionality of bonds and assists you in making your investment decision. In our glossary we explain the most important keywords and within the FAQ section you can find answers to the most common questions concerning this topic.