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Prémiový dluhový cenný papír 16 % EURO STOXX 50®


ISIN:
AT0000A20E29
Date: - -
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General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon-
Coupon stylefloating
Coupon payment date2022/05/18
Coupon payment periodat maturity
Value date2018/04/09
Maturity2022/05/18
Repayment value0.00
CurrencyCZK
Nominal value10,000
Accrued Interest-
Investor tolerance1 (scale 1-7)

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Legal note

This product is no longer publicly offered. The product-specific content published here is for information purposes only for those who are already invested and does not constitute marketing communication. Erste Group Bank AG no longer consents to the use of the prospectus for a public offering of this product by third parties.
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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: FactSet

Description

Are you looking for an interesting investment opportunity with a high fixed yield? Do you trust the force of European economy and expect its stable development? Then the four-year Prémiový dluhový cenný papír 16% EURO STOXX 50® is designed right for you. The payout of its nominal value and yield for its duration is derived from the market trend of the main European EURO STOXX 50® stock index.

The Prémiový dluhový cenný papír 16% EURO STOXX 50® offers the option to obtain an attractive yield of 16% for its duration even in case of certain decrease in the European stock markets.

The EURO STOXX 50® index is the main European stock index which includes fifty largest companies with the highest liquidity in Eurozone countries operating across all important  sectors. Among the most prominent companies belong e.g. AXA, Allianz, Anheuser-Busch InBev, BASF, Bayer, Danone, Deutsche Telekom, L’Oreal, Sanofi, SAP, Siemens, Telefonica, Total or Unilever.

Payment notes

How does the Prémiový dluhový cenný papír 16 % EURO STOXX 50® work?

  • The return of the nominal value of the Premium Bond and the payout of 16% yield in absolute terms at its maturity date is based on the market trend of the main European EURO STOXX 50® stock index.
  • The initial value (see Note) of EURO STOXX 50® stock index shall be fixed on 27 April 2018.
  • The trend of the EURO STOXX 50® index shall be observed from 30 April 2018 until 29 April 2022 (including the values during the day).
  • The barrier level is set at 55% of the fixed initial value (see Note) of the EURO STOXX 50® stock index, and even touching the barrier is considered breaking it.
  • The distance of 45% between the initial value and low set barrier creates a “safety cushion” for a possible fall of the EURO STOXX 50® stock index.
  • If during monitoring the value of EURO STOXX 50® stock index (including values during the day) does not fall to or below the barrier 55% of its initial value (see Note), the nominal value of the Premium Bond and the total yield of 16% shall be paid out at the maturity date.
  • If during monitoring the value of EURO STOXX 50® stock index (including values during the day) falls to or below the barrier of 55% of its initial value (see Note) and at the last monitoring date shall be below its initial value, the nominal value of the Premium Bond reduced by the total percentage loss of the EURO STOXX 50® stock index shall be paid out (closing value against initial value) and the yield of 16% shall not be paid out.
  • If during monitoring the value of EURO STOXX 50® stock index (including values during the day) falls to or below the barrier of 55% of its initial value (see Note) but at the last monitoring date shall be above its initial value, the nominal value of the Premium Bond increased by the total percentage profit of the EURO STOXX 50® stock index (closing value against initial value) shall be paid out at the maturity date. However, the yield can never exceed 16%.

Settlement

  • The maturity date of the Premium Bond is 18 May 2022
  • Česká spořitelna pays out the yield and the nominal value
  • It takes three working days to settle the buying and selling of the Premium Bond

Secondary market

  • The minimum purchased quantity: 1 piece
  • The Premium Bond can be sold even prior to the maturity date for the price shown in the Česká spořitelna Exchange Rate List which you will find here at the Investment Centre/Exchange Rate Lists

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Note:  The initial value will be calculated by EURO STOXX 50® stock index provider based on the closing prices of the underlying assets at relevant stock exchanges on 27April 2018.


Underlying

EURO STOXX 50
EU0009658145

EURO STOXX 50® is the main European stock index which includes fifty of the most successful companies in Eurozone countries operating across all important sectors. Each quarter the  composition is checked or adjusted if required as is the weight of the individual shares in the index. Among most prominent companies belong for example Total, Sanoi, Bayer, Siemens, Anheuser-Busch InBev, SAP, Unilever, Allianz, Deutsche Telekom or Danone.


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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