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Prémiový dluhový cenný papír NORDIC AUTOCALL


ISIN:
XS2066317087

Date: 2020/06/05 08:42:03
Bid Ask
94.48 -
Difference -1.18% (-1.15)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typecorporate
Country of issueDE
Current coupon0.000%
Coupon stylevariable
Coupon payment date2023/01/31
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2020/01/31
Maturity2023/01/31
Repayment value0.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance5 (scale 1-7)
Last trading day2023/01/23

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Key Investor Information DocumentPDF Download
CZ FlyerPDF 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 NORDIC AUTOCALL offer?

  • • Possibility to obtain an attractive yield of up to 26.25% in 3 years.
  • The Premium Bond can be automatically repaid early together with the payout of an interesting yield of 8.75% (see Note) already after the first year or with a yield of 17.5% after the expiry of two years.
  • Interesting barrier of 50% of the initial value of the individual underlying shares for payout of the yield and also of the nominal value of the Premium Bond at its maturity date.
  • Barrier for automatic early repayment decreasing over in time: 90% (after a year), 80% (after two years).
  • Additional protection mechanism for payout of the nominal value of the Premium Bond at its maturity date.
  • The Premium Bond is issued in Czech crowns, the investor does not bear the currency risk.
  • Electronic version of the Basic Prospectus of the issuer is published on the website of the Luxembourg Stock Exchange or on www.investicnicentrum.cz/prospekty.
  • Electronic version of the Notification of Key Information is published on the website https://www.gspriips.eu/, or you can find it on the investment portal  www.investicnicentrum.cz.
    -------------------------------------------------------------
    Note. PDCP NORDIC AUTOCALL pays out potential yields in a lump sum at its early or regular maturity date, the consolidated interest is not claimed.
  • The Premium Bond 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 Premium Bond bears the issuer´s and guarantor´s credit risk.
  • The total yield is paid out in a single sum for the real duration of the Premium at the 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 barrier of 50% 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 Premium Bond will lose more than 50% 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.
  • The product is subject to English law.
  • Issuer: Goldman, Sachs & Co. Wertpapier GmbH
  • Guarantor: The Goldman Sachs Group, Inc. (S&P's BBB+ / Moody's A3 / Fitch A)
  • Underlying shares: Electrolux AB, Equinor ASA, Vestas Wind Systems A/S
  • Subscription period: 6 January 2020 (9.00) – 24 January 2020 (16.00)
  • Price at subscription: 100%, free of charge
  • Date of fixing the initial value of shares: 24 January 2020
  • Date of fixing the closing value of shares: 24 January 2023
  • Dates of possible automatic early repayment: 1 February 2021, 31 January 2022
  • Comparative values of the underlying shares at the dates of monitoring: see the leaflet
  • Barrier for the nominal value payout at its maturity date: 50% 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 NORDIC AUTOCALL Subscription Instruction): 1.77% p.a.
  • Price for the provision of early redemption: 2% of the transaction volume

Description

Are you looking for an interesting investment opportunity in high quality Scandinavian companies? Do you want to participate in the development of shares of successful companies operating globally? Do you trust the force and long-term growth potential of companies operating in energy industry and consumer goods sector but nevertheless fear of higher price fluctuation of their shares? If you rank among more experienced investors, then you may be interested in investing in three-year Prémiový dluhový cenný papír NORDIC AUTOCALL (PDCP NORDIC AUTOCALL).

Prémiový dluhový cenný papír NORDIC AUTOCALL with the option of automatic early repayment provides opportunity to gain an attractive annual yield of up to 8.75% (see Note). The total yield for its three-year duration may reach up to 26.25%.


The payout of yield and nominal value of the Prémiový dluhový cenný papír NORDIC AUTOCALL is derived from the price trend of shares of three significant multinational companies such as – Electrolux AB, Equinor ASA, Vestas Wind Systems A/S. Electrolux AB is a leading manufacturer of home and professional appliances. Equinor ASA is one of the biggest suppliers of oil and gas in Europe. Vestas Wind Systems A/S manufactures above all wind turbines for generating energy worldwide. People can come across their products and services in everyday life. Thanks to the efforts to adapt to global trends selected Nordic shares offer an interesting potential for long-term growth.

In addition, the Prémiový dluhový cenný papír NORDIC AUTOCALL allows early repayment as soon as after the first year of its duration and then subsequently every year of its duration until its maturity date.

Payment notes

How does the Prémiový dluhový cenný papír NORDIC AUTOCALL work?

  • The payout of the yield and nominal value of the Premium Bond depends on then trend of shares of companies such as Electrolux AB, Equinor ASA, Vestas Wind Systems A/S.
  • For its duration the Premium Bond 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, the Premium Bond continues to the next date of possible repayment
  • If the Premium Bond is automatically repaid early, the investor shall receive its nominal value and a yield of 8.75% (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 50% of their initial value, the nominal value of the Premium Bond and the total yield 26.25% (equivalent of three annual yields of 8.75% (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 50% 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 the Premium Bond, shall be decreased by the loss of the worst of the three shares since the date of fixing its initial value until the date of fixing its closing value. The investor shall lose more than 50% 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 50% 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 Premium Bond 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 shall be 31 January 2023

Secondary market

  • minimum purchased amount: 1 piece
  • Liquidity: daily according to current market prices published in the Exchange Rate List of Česká spořitelna, a.s.

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Note. PDCP NORDIC AUTOCALL pays out potential yields in a lump sum at its early or regular maturity date, the consolidated interest is not claimed.
Note 2: Product risk weight on a scale of 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 its maturity date. The real risk may significantly differ in case you sell the product prematurely.


Underlying

EQUINOR ASA
NO0010096985

Equinor is a Norwegian energy company operating in more than 30 countries worldwide, including several of the most important world oil and gas locations. It focuses its activity on projects for oil and gas extraction, gaining and storing wind or solar energy. These projects are also connected with research activity which takes place particularly on the Norwegian and American coast. In Europe it is one of the biggest suppliers of oil and gas. The company was established in 1972 under the name Den Norske Stats Oljeselskap AS – Statoil (Norwegian State Oil Company). In 2018 it changed its name to Equinor and currently 67% of the company is owned by the Kingdom of Norway. The company is based in the Norwegian city of Stavanger and employs more than 20,000 staff.

VESTAS WIND SYSTEMS A/S
DK0010268606

It is a Danish company which manufactures, designs, installs and manages wind turbines. Its roots date back to 1945, however it did not begin to manufacture wind turbines until 1979. In 2004 the company merged with the Danish wind turbine manufacturer NEG Micon and created a strong position as a global leader. To date it has installed more than 69,000 wind turbines in more than 80 countries.
In 2018 it achieved a 22% share of the market in the wind energy sector. Throughout the world it employs over 25,000 staff. The generation of energy from renewable resources is supported globally and this trend may have a significant impact on the overall prosperity of the company.

ELECTROLUX AB SER. B
SE0000103814

This leading Swedish business group based in Stockholm is one of the biggest global household and professional appliances. It has been operating in the market since 1919 and annually sells over 60 million products in more than 150 world markets. The company manufactures not just vacuum cleaners (bag, bagless, upright and robotic), but also refrigerators, washing machines, dryers, cooking hobs, ovens, wine coolers, cookers, air-conditioning, air purifiers and small kitchen appliances. This company is the only provider of complex solutions for home consumers and professionals in the world. You can buy its products under the Electrolux, AEG or Zanussi brands. It employs over 55,000 staff globally.


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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