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Prémiový dluhový cenný papír INSURANCE AUTOCALL 2


ISIN:
XS1994892674

Date: 2019/12/06 00:00:00
Bid Ask
100.46 -
Difference 0.48% (0.48)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typecorporate
Country of issueLU
Current coupon0.000%
Coupon stylevariable
Coupon payment date2022/08/23
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2019/08/23
Maturity2022/08/23
Repayment value0.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance6 (scale 1-7)
Last trading day2022/08/15

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Key Information DocumentPDF Download

Scale: ABS REL         Instrument

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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

What does the Prémiový dluhový cenný papír INSURANCE AUTOCALL 2 offer?

  • Possibility to obtain an attractive yield of up to 22.5% in 3 years.
  • The PDCP INSURANCE AUTOCALL 2 can be automatically repaid early together with payout of an interesting yield of 7.5% (see Note) already after the first year or at any of the following annual monitoring. The resulting yield is then 7.5% (see Note) for every year which elapsed since the issue date.
  • Interesting barrier of 55% of the initial value of the individual underlying shares for payout of the nominal value of the PDCP INSURANCE AUTOCALL 2 at its maturity date.
  • Additional protective mechanism for payout of the nominal value of the PDCP INSURANCE AUTOCALL 2 at its maturity date.
  • Barrier for automatic early repayment decreasing over in time: 90% (after a year), 80% (after two years).
  • PDCP INSURANCE AUTOCALL 2 is issued in Czech crowns and the investor does not bear the currency risk.

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Note: Any potential yields from the Premium Bond are paid out in a lump sum at its automatic early or regular maturity date, the consolidated interest is not claimed.

  • PDCP INSURANCE AUTOCALL 2 does not guarantee a return on the invested amount and the investor could lose the whole investment or part of it.
  • The holder of the PDCP INSURANCE AUTOCALL 2 bears the credit risk of the issuer and the guarantor.
  • The total yield is paid out in a single sum for the real duration of the PDCP INSURANCE AUTOCALL 2 at the maturity date or at the date of its automatic early repayment.
  • If at the date of fixing the closing value of shares the price of at least one of the underlying shares falls below the barrier of 55% of its initial value, and at the same time the closing value of any of the remaining shares will not be equal or higher than their initial values, no yield will be paid out at the maturity date and the holder of the PDCP INSURANCE AUTOCALL 2 will lose more than 45% of the invested money.
  • If you use the portfolio method of investment advice, ask your banker or investment specialist to assess whether this product should become part of your investment portfolio.
  • PDCP INSURANCE AUTOCALL 2 is subject to English law.
  • The risk weight is on a scale from 1 to 7 from a potentially lower risk and yield of 1 to a potentially higher risk and yield of 7, assuming that you will keep the product until the maturity date. The real risk may differ substantially if you sell prematurely.
  • The holder of the PDCP INSURANCE AUTOCALL 2 is not entitled to a dividend payout from underlying shares.
  • The prices are given as the percentage of the nominal value. Purchase price means that the client is selling, selling price means that the client is buying.
  • Issuer: SG Issuer (Moody's A2)
  • Guarantor: Société Générale SA (S&P's A / Moody's A1 / Fitch A+)
  • Underlying shares: shares of Zurich Insurance Group AG, AXA SA and Assicurazioni Generali S.p.A.
  • Electronic version of the prospectus is published on the Issuer´s website http://prospectus.socgen.com/ or on www.investicnicentrum.cz/prospekty.
  • Electronic version of the Notification of Key information is published on the website https://regulatory.sgmarkets.com/
    /priips/kid
    or on the investment portal www.investicnicentrum.cz.
  • Subscription period: 18 July 2019 (9.00) – 16 August (16.00)
  • Price at subscription: 100%, free of charge
  • Shares initial value fixing date: 16 August 2019
  • Shares closing value fixing date: 16 August 2022
  • Dates of possible automatic early repayment: 24 August 2020 and 23 August 2021
  • Dates of monitoring: see the leaflet
  • Barrier for the nominal value payout at its maturity date: 55% of the fixed initial value of each individual und

Description

Are you looking for an interesting investment opportunity? Do you want to participate in the developing trend of shares of successful global companies operating in the insurance sector? If you rank among more experienced investors then you might be interested in investing in the three-year Prémiový dluhový cenný papír INSURANCE AUTOCALL 2 (PDCP INSURANCE AUTOCALL 2).

The Prémiový dluhový cenný papír INSURANCE AUTOCALL 2 with the option of early repayment provides the opportunity to gain an attractive annual yield of 7.5% (see Note).

The three-year Prémiový dluhový cenný papír INSURANCE AUTOCALL 2 offers the option of gaining an attractive annual yield of 7.5% (see Note). The total yield can then reach up to 22.5% for the three-year duration of the PDCP INSURANCE AUTOCALL 2. The payout of the yield and its nominal value is based on the price trend of shares of three important insurance companies such as Zurich, AXA and Generali.

In addition, the Prémiový dluhový cenný papír INSURANCE AUTOCALL 2 allows its early repayment in case of stagnation or price growth of the underlying assets as soon as after the first year of its duration and then subsequently every year of its duration until its maturity date.

Companies such as Zurich, AXA and Generali belong among the biggest insurance companies in the World. AXA, a global insurance company, is based in Paris and operates in 61 countries. Through 171,000 employees it services more than 105 million clients. The Swiss insurance company Zurich, providing its services in 210 countries, was established in 1872 and employs more than 53,000 people. With an almost 200 year-old history the insurance company Generali operates in more than 60 countries and it services more than 57 million clients through almost 71,000 people. Thus all three companies rank among the significant insurance services providers on a global scale.

Payment notes

How does the Prémiový dluhový cenný papír INSURANCE AUTOCALL 2 work?

  • The payout of the yield and nominal value of the PDCP INSURANCE AUTOCALL 2 depends on the trend of shares of companies such as Zurich, AXA and Generali.
  • For its duration the PDCP INSURANCE AUTOCALL 2 can be automatically paid out early every year, if the value of each individual underlying share at the monitoring date equals or is higher than the comparative value of the underlying share at the relevant monitoring date.
  • If the automatic early repayment condition is not met, the PDCP INSURANCE AUTOCALL 2 continues to the next date of possible repayment.
  • If the PDCP INSURANCE AUTOCALL 2 is automatically repaid early, the investor shall receive its nominal value and a yield of 7.5% (see Note) for every year which elapsed since the issue date.
    See the example in the leaflet.
  • If the automatic early repayment is not made and at the date of fixing the closing value of individual underlying shares the price of any of the shares shall not fall below the barrier of 55% of their initial value, the nominal value of the PDCP INSURANCE AUTOCALL 2 and the total yield of 22.5% (equivalent of three annual yields in the amount of 7.5% (see Note)) shall be paid out at the maturity date.
  • If the automatic early repayment is not made and at the date of fixing the closing value of the individual underlying shares the price of at least one of the underlying shares falls below the barrier of 55% of its initial value and at the same time the closing value of none of the remaining shares shall not be equal or higher than its initial value, then at the maturity date the payout of the nominal value of the PDCP INSURANCE AUTOCALL 2 shall be reduced by the loss of the worst of the three underlying shares from the date of fixing its initial value until the date of fixing its closing value. The investor shall lose more than 45% of his investment and no yield shall be paid out to him. 
    See the example in the leaflet.
  • Principle of an additional protection mechanism:
    If the automatic early repayment is not made and at the date of fixing the closing value of individual underlying shares the price of at least one of the underlying shares falls bellow the barrier of 55% of its initial value but at the same time the closing value of at least one of the shares equals or is higher than its initial value, the nominal value of the PDCP INSURANCE AUTOCALL 2 shall be paid out at the maturity date but no yield shall be paid.
    See the example in the leaflet.

Settlement

  • The maturity date is 23 August 2022
  • Liquidity: daily according to current market prices in the Exchange Rate List of Česká spořitelna, a.s

Secondary market

  • Minimum investment: 1 piece
  • Price at subscription: 100%, free of charge
  • Price for the provision of early redemption: 2% of the transaction volume

Underlying

ZURICH INSURANCE GROUP AG
CH0011075394
Švýcarská pojišťovna Zurich poskytující své služby ve 210 zemích světa byla založena v roce 1872, zaměstnává více než 53 tisíc lidí.
AXA S.A.
FR0000120628
Globální pojišťovna AXA sídlící v Paříži působí v 61 zemích světa a prostřednictvím 171 tisíc zaměstnanců obsluhuje více než 105 milionů klientů.
ASSICURAZIONI GENERALI S.P.A.
IT0000062072
Pojišťovna Generali s téměř 200letou historií působí ve více než 60 zemích světa a prostřednictvím téměř 71 tisíc lidí obsluhuje více než 57 milionů klientů.

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.




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