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Prémiový dluhopis ŠANCE 3


ISIN:
AT0000A1HN67

Date: 2019/12/13 00:00:00
Bid Ask
99.13 -
Difference 0.00% (0.00)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon0.000%
Coupon stylevariable
Coupon payment date-
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2015/12/18
Maturity2023/02/06
Repayment value100.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance2 (scale 1-7)
Last trading day2023/01/27

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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 dluhopis ŠANCE 3 offer?
  • An interesting potential yield of up to 25 % for the duration of the premium bond.
  • 50% participation in the regularly observed trend of the underlying asset – the STOXX®Global Select Dividend 100 index.
  • Underlying: www.investicnicentrum.cz/
    stoxxglobal100sd
  • A return of a min. 100% of the nominal value of the premium bond at its maturity date, regardless of the market trend (the Prémiový dluhopis ŠANCE 3 holder bears the credit risk of the issuer).
  • Regular observations and fixing of attained yields. The resulting yield of the premium bond is calculated as 50% participation from the average quarterly fixed observations of the underlying asset.
  • Immediate availability of the funds. You can sell the bond at any time even prior to the maturity date for the market price stated in the Česká spořitelna bond exchange rate list.
  • The holder of the Prémiový dluhopis ŠANCE 3 bears the issuer’s credit risk.
  • The prices are quoted in percentages of the nominal value. The buying price means the client sells and the selling price means the client buys.
  • Nominal value of one premium bond: CZK 10,000
  • Minimum investment: 1 piece
  • Currency: Czech crown (CZK)
  • Guarantee: 100% return of the nominal value of the Prémiový dluhopis ŠANCE 3 at the maturity date
  • Participation: 50% of the regularly observed trend of the underlying asset
  • Maximum payout: 125% of the bond nominal value
  • Premium formula: (average/initial value – 1) time participation of 50%, min. 0, max. 25%
  • Determining the initial value of the underlying asset: 25 January 2016
  • Observations: quarterly, always as at 25 April, 25 July, 25 October, 25 January with convention of the following working day
  • Last monitoring: 25 January 2023
  • Issue date: 18 December 2015
  • Maturity date: 6 February 2023
  • Issuer:  Erste Group Bank AG
  • Underlying asset: STOXX®Global Select Dividend 100
  • Price for the provision of early redemption: 2% of the transaction volume

Description

The interesting potential of a yield up to 25% for seven years with a return of a min. 100% of the bond nominal value at its maturity date.

Responsibility is an essential part of every human activity. So we should behave responsibly when managing our money. But it is not that responsible leaving money lying idly in deposit products in present conditions. Therefore, if you are thinking how best to boost the value of your money in the most conservative way, and not leave it languishing in bank accounts, then the Prémiový dluhopis ŠANCE 3 is just for you.

The yield of the seven-year Prémiový dluhopis ŠANCE 3 is based on the trend of reputable companies which pay out a high dividend yield in the long term. These are represented by the STOXX®Global Select Dividend 100 share index, which includes a hundred very good quality companies from North America, Europe and Asia/Australia (e.g. Allianz, Intel, E.ON, TOTAL, Merck & Co., ROYAL DUTCH SHELL, ZURICH INSURANCE GROUP,  GLAXOSMITHKLINE, Kimberly-Clark and others).

Payment notes

How does the Prémiový dluhopis ŠANCE 3 work?

  • The yield of the seven-year Prémiový dluhopis ŠANCE 3 depends on the trend of the STOXX®Global Select Dividend 100 share index containing stocks with a high dividend yield.
  • On 25 January 2016 the initial value will be fixed of the underlying asset – the STOXX®Global Select Dividend 100 share index.
  • The underlying asset – share index is observed quarterly. Every quarter the underlying asset value is fixed on the observation day.
  • The average value of the underlying asset is calculated from the total of these 28 values obtained as part of the observations. This is compared with its initial value.
  • The total yield at the maturity date of the Prémiový dluhopis ŠANCE 3 is calculated as follows: participation of 50% × (average of the values of the underlying assets from all of the 28 observations/initial value of the underlying asset – 1),
  • The maximum premium is fixed at 25% for the duration of the Prémiový dluhopis ŠANCE 3, i.e. for 7 years.
  • A negative value may be included during the lifetime of the premium bond. If the resulting value of the total yield of the premium bond is negative, 100% of its nominal value will be paid out at the maturity date.
  • Regular observations and the averaging of the obtained values partially protect the investor from any sharp fall of the prices of the observed underlying asset – the STOXX®Global Select Dividend 100 share index just before the maturity date. The total yield of the Prémiový dluhopis ŠANCE 3 in fact does not depend just on the closing value of the underlying asset.

For examples of scenarios at the maturity date see the leaflet

Settlement

  • the maturity date of the Premium Bond is 6 February 2023
  • Česká spořitelna pays out the yield and nominal value
  • it takes 3 working days to settle the buying and selling of the premium bond

Secondary market

  • minimum purchased amount: 1 piece
  • the debt security can be sold even prior to the maturity date for the price in the Česká spořitelna exchange rate list, which you can find here at the Investment Centre/exchange rate lists

Legal note

The content on this page is for informational purposes only for existing investors. This product is not offered for subscription and is not a public offering.

Underlying

STOXX GLOBAL 100 SELECT DIVIDEND
US26063V1180
Globální akciový index STOXX®Global Select Dividend 100, který zahrnuje sto velmi kvalitních společností ze Severní Ameriky, Evropy a Asie/Austrálie  (např. Allianz, Intel, E.ON, TOTAL, Merck & Co., ROYAL DUTCH SHELL, ZURICH INSURANCE GROUP, GLAXOSMITHKLINE, Kimberly-Clark a další).

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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