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Prémiový dluhový cenný papír MULTI 1


ISIN:
AT0000A21M02

Date: 2019/12/12 00:01:08
Bid Ask
94.93 -
Difference -0.18% (-0.17)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon0.000%
Coupon stylevariable
Coupon payment date2022/08/02
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2018/06/18
Maturity2022/08/02
Repayment value96.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance2 (scale 1-7)
Last trading day2022/07/25

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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

Why buy Prémiový dluhový cenný papír MULTI 1?

  • Interesting yield potential of up to 28% for its duration.
  • 100% participation in regularly observed trend of a broadly diversified underlying asset - Multi Asset Global Futures EUR index.  
  • Regular observation of the underlying asset. The resulting yield is calculated as 100% participation of the average annually fixed value of the observed underlying asset.
  • Even if there is a greater fall in the value of the underlying asset, thanks to the guarantee at least a minimum of 96% of the nominal value (see Note) of the Premium Bond is paid out at maturity.
  • Immediate availability of funds. You can sell the Premium Bond under standard conditions on the market through Česká spořitelna at any time before maturity for the market price shown in the Exchange Rate List of  Česká spořitelna. However in such a case the price may fluctuate even below 96% of its nominal value. The payout guarantee of a minimum of 96% of its nominal value applies to payout at maturity.
  • The Premium Bond is issued in Czech crowns, the investor does not bear the exchange rate risk.
  • Electronic version of the prospectus is published on the Issuer website www.erstegroup.com.
    • Key Information document: on the website of www.erstegroup.com creator, on Česká spořitelna investment portal www.investicnicentrum.cz and also in printed form at Česká spořitelna, a.s. branches

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Note: The payout of the guaranteed amount depends on the ability of the issuer to meet his guarantee obligations.

  • The return on the entire invested amount is not guaranteed for the Premium Bond. It guarantees a return of a minimum of 96% of its nominal value (see Note) at the maturity date.
  • The guarantee does not apply to a situation when the issuer fails or if you sell the Premium Bond before its maturity.
  • The holder of the Premium Bond bears the credit risk of the issuer.
  • 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: Erste Group Bank AG
  • Underlying asset: Multi Asset Global Futures EUR index (for more information on: https://sgi.sgmarkets.com)
  • Participation: 100% on regularly observed trend of the underlying asset
  • Guarantee: 96% of the PDCP nominal value at the maturity date (see Note)
  • Maximum payout: 128% of the PDCP nominal value 
  • Selling price: 100% without a fee. A formula for value calculation at maturity: 100% of the PB nominal value + participation of 100% × (average value of 4 observations of the underlying asset/initial value – 1), minimum of 96%, maximum of 128%
  • Liquidity: daily according to the Exchange Rate List of Česká spořitelna, a.s.
  • Issue date: 18 June 2018
  • Maturity date: 2 August 2022
  • Underlying asset initial value fixing date: 20 July 2018
  • Observation: annual, always at  20 July, with the convention of the following working day
  • Last observation: 20 July 2022
  • Distributor´s costs valid at the issue date: about 0.50% p.a., you will find the exact wording in the Agreement for Purchase Contract of PDCP MULTI 1
  • Issuer´s costs valid at the issue date: you will find the precise expression in the Notification of Key Information
  • Nominal value:  CZK 10,000
  • Minimum investment: 1 piece
  • Currency:  Czech crown (CZK)
  • Product risk weight is a guide for a comparison of the risk rate of this product in comparison with others. It shows the likelihood of you losing money as a consequence of fluctuation on markets or because the issuer will be unable to pay out the money.)

Description

Every rationally thinking person looks for the most effective ways of how to most effectively increase the value of his money. For many of it is important to know first how the trend in investments may develop, but above all what is the yield potential and market risk taken. If these parameters are also important to you then there is the Prémiový dluhový cenný papír MULTI 1. It is designed for clients who do not require regular payments of a yield, but prefer a growth of their investments depending on the trend of capital markets. However they are willing to accept a potential fluctuation of these markets which could result in the fact that at maturity they will receive a lower amount than that originally invested.

Interesting yield potential of up to 28% in four years with a minimum return of 96% of the nominal value of the PDCP MULTI 1 at its maturity date.

The global “multi asset” investment strategy uses a broad spectrum of underlying assets from bonds, stocks to commodities and applies a flexible approach to the management of the market risk taken and the yield potential. This complex investment style is used in the new Prémiový dluhový cenný papír MULTI 1, the yield of which depends on the trend of the Multi Asset Global Futures EUR index. This globally targeted index uses a flexible, diversified investment approach, actively responds in its structure to the changing market conditions. It focuses on advanced markets and to achieve its objectives flexibly adjusts the structure of its portfolio through allocation to eleven underlying assets out of three basic classes of assets – stocks, government bonds and commodities. Using futures contracts it can monitor 4 stock indexes (S&P 500, EURO STOXX 50, FTSE 100, Nikkei 225), 4 types of government bonds (US Treasury Notes, UK Gilts, German government bonds so-called bunds and Japanese government bonds), and three commodities (gold, Brent oil and WTI oil). The change of index allocation between individual underlying assets is carried out once a month, and each month a new portfolio is determined from the available assets. Target volatility of about 6% is crucial for the index structure.

Payment notes

How does the Prémiový dluhový cenný papír MULTI 1 work?

  • The yield of the four-year PDCP MULTI 1 depends on the trend of global Multi Asset Global Futures EUR index.
  • The initial value of the underlying asset shall be determined on 20 July 2018.
  • The underlying asset is observed annually. Each year its value is recorded on the observation day.
  • The average value of the underlying asset is calculated from the total of these values acquired during observation. This is compared to its initial value.
  • The total amount of the payout at maturity is calculated: 100% of the nominal value of the Premium Bond + 100% participation × (average value of 4 observations of the underlying asset/initial value – 1).
  • Even with a greater slump in the underlying asset at least 96% of the nominal value (see Note) of the Premium Bond is always paid out at maturity thanks to the guarantee.
  • For the duration of the Premium Bond its price may fall even below 96% of its nominal value with regard to the trend in the underlying asset and market conditions.
  • The maximum amount of the premium is fixed at 28% of the nominal value of the Premium Bond for the duration of PDCP MULTI 1, i.e. for 4 years.
  • The regular annual observation and average of the acquired index value partly protects the investor from any sharp fall in prices of the monitored underlying asset immediately before maturity. Since the total yield does not just depend on the closing value of the observed underlying asset, but on the continuous value of the underlying asset for the entire duration of PDCP MULTI 1. However regular observation can also reduce the resulting yield (if for example the underlying asset increase in value only immediately before maturity).

    Examples of scenarios at the maturity date – see the leaflet

Settlement

  • Maturity date of the Prémiový dluhový cenný papír is 2 August 2022
  • Česká spořitelna pays out the yield and the nominal value
  • It takes 3 working days to settle the buying and selling of the Prémiový dluhový cenný papír

Secondary market

  • Minimum purchase quantity: 1 piece
  • Price for the provision of early redemption: 2% of the transaction volume
  • The Premium Bond (dluhový cenný papír) can be sold even prior to the maturity date for the price in the Exchange Rate List of Česká spořitelna which you will find here at the Investment Centre/Exchange Rate Lists

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Note: The payout of the guaranteed amount depends on the ability of the issuer to meet his guarantee obligations.

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

MULTI ASSET GLOBAL FUTURES INDEX
CH0421428944
Globálně zaměřený index využívající flexibilní, diverzifiko- vaný investiční přístup, aktivně reagující svým složením  na měnící se tržní podmínky. Je zaměřený na vyspělé trhy a pro dosahování svých cílů pružně upravuje složení svého portfolia prostřednictvím alokace do jedenácti podklado- vých aktiv ze tří základních tříd aktiv – akcií, státních dluhopisů a komodit. Pomocí futures kontraktů tak může konkrétně sledovat 4 akciové indexy (S&P 500, EURO STOXX 50, FTSE 100, Nikkei 225), 4 typy státních dluhopisů (US Treasury Notes, UK Gilts, německé státní dluhopisy tzv. bundy a japonské státní dluhopisy), a trojici komodit (zlato, ropu Brent a ropu WTI).

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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