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Prémiový dluhový cenný papír PROFIT 20


ISIN:
AT0000A20F28

Date: 2019/11/14 00:00:00
Bid Ask
96.36 97.36
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 date2021/05/25
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2018/04/11
Maturity2021/05/25
Repayment value97.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance2 (scale 1-7)
Last trading day2021/05/17

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CZ ReportPDF Download
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 PROFIT 20 offer?

  • An interesting yield potential of up to 15 % for its duration.
  • 100% participation in the regularly observed trend of the underlying asset – STOXX® Global ESG Leaders Select 50 EUR index.
  • Even with bigger market drop, the minimum return of PDCP PROFIT 20 at its maturity date is 97% of its nominal value.
  • The regular observation and fixing of attained yields. The resulting yield is calculated as a 100% participation of the average quarterly fixed values of the monitored underlying asset.
  • Immediate access to funds. You can sell the premium bond at any time even prior to the maturity date for a market price quoted in the Česká spořitelna Exchange Rate List. Also in this case the price could be under the 97 % of the nominal value. The guarantee is valid at the maturity.

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Note: Payment of the guaranteed amount depends on the issuer's ability to meet its warranty obligations.

  • The premium bond does not guarantee a return on the invested amount.  It guarantees 97% return of its nominal value at the maturity date.
  • The Guarantee is not valid when the issuer colaps or if you sell the premuim bond before its maturity.
  • The premium bond holder bears the issuer´s credit risk.
  • The prices are quoted in percentages of the nominal value. The buying price means the client is selling, the selling price means the client is buying. 
  • Guarantee: 97% return on the nominal value of the PDCP at the maturity date (see Note)
  • Participation: 100% in the regularly observed trend of the underlying asset
  • Maximum payout:  115% of the PDCP nominal value
  • Formula for calculatin the value at maturity: 100% of the nominal value + participation 100% x (average/initial value - 1), minimum 97%, maximum 115%
  • Underlying asset: STOXX® Global ESG Leaders Select 50 EUR  (for more information please visit: www.stoxx.com)
  • Nominal value of one premium bond: CZK 10,000
  • Minimum investment: 1 piece
  • Currency: Czech crown (CZK)
  • Fixing the initial value of the underlying asset: 11 May 2018
  • Observation: quarterly, always at 11 August, 11 November, 11 February, 11 May with the convention of next working day
  • Last observation: 11 May 2021
  • Distribution costs valid on the day of issue: Approx. 0.40 per year, exact statement can be found in the Purchase Agreement for PDCP PROFIT 20.
  • Issuer's expenses issued on the issue date: See the Key Information Document for exact statement
  • Exchange Rate List 
  • Maturity date: 25 May 2021
  • Issuer: Erste Group Bank AG
  • Price for the provision of early redemption: 2% of the transaction volume

Description

An interesting yield potential of up to 15 % in three years with a min. 97% return on the nominal value of PDCP PROFIT 20 at its maturity date. 

Every rationally thinking person looks for ways of how to most effectively increase the value of his money. For many it is important to know beforehand what the trend of the investment might be, and most of all what is its yield potential and market risk taken. If these parameters are also important to you, then the Prémiový dluhový cenný papír PROFIT 20 is here for you. It is designed for clients who do not require regular yield payments, but prefer their investments grow depends on the development of equity markets. At the same time, they are willing to accept the volatility of these markets, which can lead to the final value of the investment below the level of its nominal value.

The yield of the three-year Prémiový dluhový cenný papír PROFIT 20 stems from the trend of highly reputable global companies which are marked above all by the low fluctuation in the value of their shares and paying out a high long-term dividend yield.

Payment notes

How does the Prémiový dluhový cenný papír PROFIT 20 work?

  • The yield of the three-year PDCP PROFIT 20 depends on the trend of STOXX® Global ESG Leaders Select 50 EUR index.
  • On 11/05/2018 the initial value of the underlying asset will be fixed.
  • The underlying asset is monitored quarterly. Every quarter the value of the underlying asset is fixed on the observation day.
  • The average value of the underlying asset is calculated from the sum total of these 12 values gained during observation. It is compared with its initial value.
  • During the duration of the premium bond the negative value may also be included.
  • The total payment value is calculated at the maturity date as follows: 100 % of nominal value of the premium bond + participation 100% × (average value from 12 observations of the underlying asset/initial value – 1).
  • Even with bigger market drop, the minimum return of the premium bond at its maturity date is 97% of its nominal value (see Note).
  • The maximum level of the premium is fixed at 15 % of the nominal value of the PDCP PROFIT 20, for the duration of i.e. in 3 years.
  • The regular observation and averaging of the obtained values partly protect the investor from any sharp fall in the prices of the monitored underlying asset just before the maturity date. The total yield does not only depend on the closing value of the observed underlying asset, but also on its everage value during  the whole period. Regular observation, however can also reduce the result yield (for example when the underlying asset rises just before maturity).

Examples of scenarios at maturity – see the leaflet

Settlement

  • The Premium Bond maturity date is 25rd May 2021
  • 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

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

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Note: Payment of the guaranteed amount depends on the issuer's ability to meet its warranty obligations.


Underlying

STOXX® Global ESG Leaders Select 50 EUR
CH0298407260
Globální akciový index STOXX® Global ESG Leaders Select 50 EUR se zaměřuje na výběr společností, které při svém podnikání vnímají dopad na ekologii, sociální sféru a zaměřují se na racionalizaci řízení. Zkratka ESG vychází z anglických pojmu Environmental, Social a Governance, které by se daly volně přeložit jako v souladu s životním prostředím, sociálně uvědomělé a racionálně řízené. Do indexu jsou např. zařazeny akcie společností SWISSCOM (Švýcarsko), BCE Inc. (Kanada), TELUS (Kanada), SWISS REINSURANCE COMPANY (Švýcarsko), ZURICH INSURANCE GROUP (Švýcarsko), MUENCHENER RUECK (Německo), ALLIANZ (Německo), nebo FONCIERE DES REGIONS (Francie) a další. For more information please go to  www.stoxx.com

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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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