Look for:

Our offer for

Prémiový dluhový cenný papír WATER AUTOCALL 2


ISIN:
XS2008088192

Date: 2019/12/13 00:00:00
Bid Ask
95.41 -
Difference 0.00% (0.00)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typecorporate
Country of issueLU
Current coupon0.000%
Coupon stylevariable
Coupon payment date2022/09/16
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2019/09/16
Maturity2022/09/16
Repayment value0.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance5 (scale 1-7)
Last trading day2022/09/08

PDF Downloads

Key Information DocumentPDF Download
CZ FlyerPDF Download
CZ ReportPDF Download

Scale: ABS REL         Instrument

Add Benchmark:



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 WATER AUTOCALL 2 offer?

  • Possibility to obtain an attractive yield of up to 15.9% in three years.
  • PDCP WATER AUTOCALL 2 can be automatically repaid early together with payout of an interesting yield of 5.3% (see Note) already after the first year or with a yield of 10.6% after two years.
  • Interesting 55% barrier of the initial value of the individual underlying shares for payout of the yield and the nominal value of PDCP WATER AUTOCALL 2 at the due maturity date.
  • The barrier for automatic early repayment decreasing over in time: 90% (after one year), 80% (after two years).
  • Additional protection mechanism for payout of the nominal value of PDCP WATER AUTOCALL 2 at its maturity date.
  • PDCP WATER AUTOCALL 2 is issued in Czech crowns and the investor does not bear the currency risk.

----------------------------------------------------------
Note: PDCP WATER AUTOCALL 2 pays out potential yields in a lump sum at its early or regular maturity date, the consolidated interest is not claimed

  • PDCP WATER AUTOCALL 2 does not guarantee a return on the invested amount and the investor can lose the whole investment or part of it.
  • The holder of PDCP WATER AUTOCALL 2 bears the issuer´s credit risk.
  • The total yield is paid out in a single sum for the real duration of PDCP WATER AUTOCALL 2 at the due maturity date or at the date of the 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 55% barrier of its initial value and at the same time none of the remaining shares will end above the level of its initial value, no yield shall be paid out at the maturity date and the PDCP WATER AUTOCALL 2 holder shall 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 WATER AUTOCALL 2 is subject to English law.
  • The risk weight of the product 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 PDCP WATER AUTOCALL 2 until the maturity. The real risk may differ substantially if you sell prematurely.
  • The holder of the product 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: Veolia Environnement S.A., Suez SA, American Water Works Company, Inc
  • Subscription period: 19 August 2019 (9.00) – 9 September 2019 (16.00)
  • Price at subscription: 100%, free of charge
  • Issue date: 16 September 2019
  • Date of fixing the shares initial value: 9 September 2019
  • Date of fixing the shares final value: 9 September 2022
  • Dates of possible automatic early repayment: 16 September 2020, 16 September 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 underlying share at the date of fixing the closing value of each individual underlying share
  • Product costs valid on the subscription starting date (you will find the precise expression of product costs in the PDCP WATER AUTOCALL 2 Subscription Instruction): 1.01% p.a.
  • Price for the provision of early redemption: 2% of the transaction volume
  • Minimum investment: 1 piece

Description

Are you looking for an interesting investment opportunity? Do you trust the force and long-term growth potential of world economy and primarily water management but nevertheless fear of its higher fluctuation? If you rank among more experienced investors, then you may be interested in investing in three-year Prémiový dluhový cenný papír WATER AUTOCALL 2 (PDCP WATER AUTOCALL 2).

PDCP WATER AUTOCALL 2 with the option of early repayment provides the opportunity to gain an attractive annual yield of up to 5.3% (see Note). 
The three-year PDCP WATER AUTOCALL 2 offers the option to gain an attractive annual yield of 5.3% (see Note). The payout of the yield and the nominal value of PDCP WATER AUTOCALL 2 is based on the price trend of shares of three important companies operating in several sectors of water management – water treatment and its distribution, production of equipment for its treatment, or construction and renovation of water management infrastructure: Veolia Environnement S.A., Suez SA, American Water Works Company Inc.
In addition PDCP WATER 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.
Water and water management is generally a highly current issue. The effect of population growth and increase of the living standard in the last thirty years has globally doubled water consumption in agriculture, industry and in households. Population growth has also had a major impact on the pollution of water sources. Water is gradually becoming a scarce commodity and it is expected that interest in it in the next twenty years will rise at a rate of about ten percent a year. This increasing need is having an impact on developing countries as well as on developed countries which will have to make major investment measures in order to modernise systems for water treatment and its distribution. Climate change also plays an important role which apart from the negative effect of drought and flooding, also contributes to a decline in water sources. All these aspects are catalysts for long-term growth and will directly support companies specialising in various sectors of water management.

Payment notes

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

  • The payout of the yield and nominal value of the PDCP WATER AUTOCALL 2 depends on then trend of shares of companies such as Veolia Environnement S.A., Suez SA and American Water Works Company, Inc.
  • For its duration PDCP WATER AUTOCALL 2 can be automatically paid out early once a 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, PDCP WATER AUTOCALL 2 continues to the next date of possible repayment
  • If PDCP WATER AUTOCALL 2 is automatically repaid early, the investor shall receive its nominal value and a yield of 5.3% (see Note) for each year that elapsed since the issue date.
    You will find an example in the leaflet.
  • 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 any of the shares does not fall below the barrier of 55% of their initial value, the nominal value of PDCP WATER AUTOCALL 2 and the total yield of 15.9% (equivalent of three annual yields of 5.3% (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 any of the remaining shares shall not be equal or higher than their initial values the payout of the nominal value of PDCP WATER AUTOCALL 2 shall be decreased by the loss of the worst of the four shares since 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.
    You will find an 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 the individual underlying shares the price of at least one underlying share falls below 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 PDCP WATER AUTOCALL 2, shall be paid out at the maturity date but no yield shall be paid.
    You will find an example in the leaflet.

Settlement

  • The maturity date is 16 September 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

Veolia Environnement S.A.
FR0000124141

A French company which operates in three areas: water supply, waste management and energy. It supplies drinking water to approximately 95 million people worldwide and ensures wastewater drainage of 63 million people. It operates over 4,000 water treatment plants and almost 3,000 sewage treatment plants. In energy sector it manages over 42,000 heating plants and about 615 remote and local heat and cold distribution networks. Annually it generates 56 million MWh of electricity. It organises the collection of waste for 43 million people. So globally the company employs over 171,000 people. In 2018, Veolia reported a consolidated income of 25.91 billion euro.

Suez SA
FR0010613471

The French Suez Group with its almost 89,000 employees is a world leader in smart and sustainable treatment of water sources. In water management and waste processing it offers solutions thanks to which cities and industrial enterprises can optimise their management of resources and improve their environmental protection and economic results. Thanks to the integration of digital technologies and innovative technological solutions the company recycles 21 million tons of waste a year, produces almost 4.4 million tons of secondary raw materials and 7.6 TWh of electricity from local renewable resources. The total income of the Suez Group in 2018 was 17.3 billion euro.

AMERICAN WATER WORKS CORP INC.
US0304201033

This is the biggest American company which specialises in water supply and wastewater treatment. Through its 7.1 thousand employees it provides services to more than 14 million people in 46 US states and in Canada. Its revenues in 2018 increased by 2% and reached 3.4 billion dollars.


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.




Accept

We use cookies and web analysis software to give you the best possible experience on our website. By continuing to browse this website, you consent for these tools to be used. For more details and how to opt out of these, please read our Data protection policy.

INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer