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Prémiový dluhový cenný papír MULTI 4


ISIN:
AT0000A23TT7

Date: 2020/08/07 00:00:00
Bid Ask
102.76 -
Difference 0.47% (0.49)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon0.000%
Coupon stylevariable
Coupon payment date2021/11/30
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2018/10/17
Maturity2021/11/30
Repayment value97.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance2 (scale 1-7)
Last trading day2021/11/22

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CZ ReportPDF Download
Key Information DocumentPDF Download

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.
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.

Description

Every rationally thinking person looks for ways to get the most effective return on his money. For many it is then important to know in advance how the investment may grow and, most of all, its yield potential and the market risk he takes. If these parameters are also important to you then the Prémiový dluhový cenný papír MULTI 4 is here for you. It is designed for clients who do not require regular disbursements of the yield, but prefer growth of their investment depending on the trend in capital markets. At the same time they are also willing to accept potential fluctuations of these markets which may result in the fact that they will receive a lower amount at maturity than they originally invested.

An interesting yield potential of up to 21% in four years with a minimum 97% return on the nominal value of the PDCP MULTI 4 at its maturity date.

The global “multi asset” investment strategy uses a broad spectrum of underlying assets ranging from bonds, shares to commodities and applies a flexible approach to the management of the market risks taken and the yield potential. This complex investment style is used for the Prémiový dluhový cenný papír MULTI 4 whose yield depends on the trend of the Multi Asset Global Futures EUR index. The globally focused index uses a flexible, diversified investment approach, it actively responds in its composition to the changing market conditions. It concentrates on developed markets and in order to achieve its targets it flexibly alters the composition of its portfolio by making allocations in eleven underlying assets out of three basic asset classes – shares, government bonds and commodities. Using futures contracts it can track 4 stock market indexes (S&P 500, EURO STOXX 50, FTSE 100, Nikkei 225), 4 types of government bonds (US Treasury Notes, UK Gilts, the 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 fixed from the available assets. The index’s target volatility of about 6% is crucial for the index’s composition.

Payment notes

  • How does the Prémiový dluhový cenný papír MULTI 4 work?
  • The yield of the three-year PDCP MULTI 4 depends on the trend of global Multi Asset Global Futures EUR index.
  • The initial value of the underlying asset shall be determined on 16 November 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 3 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 3 observations of the underlying asset/initial value – 1).
  • Even with a greater fall in the underlying asset at least 97% 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 97% 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 21% of the nominal value of the Premium Bond for the duration of PDCP MULTI 4, i.e. for 3 years.
  • Regular annual observation and averaging of the acquired index values partly protect the investor from any sharp fall of the prices of the observed underlying asset just before maturity. The total yield does not depend only on the closing value of the observed underlying asset, but on the continuous value of the underlying asset throughout the duration of the PDCP MULTI 4. However regular observation can also reduce the resulting yield (if for example there is a rise in the underlying asset just before maturity).

You will find examples of scenarios at maturity in the leaflet.

Settlement

  • Maturity date of the Premium Bond is on 30 November  2021
  • Česká spořitelna pays out the yield and the nominal value
  • Liquidity: daily according to current market prices in the Exchange Rate List of Česká spořitelna, a.s.
  • It takes three working days to settle the buying and selling of the Premium Bond

Secondary market

  • Minimum purchased amount: 1 piece
  • The Premium Bond can be sold even before 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 disbursement of the guaranteed amount depends on the ability of the issuer to meet its commitments arising from the guarantee.


Underlying

MULTI ASSET GLOBAL FUTURES INDEX
CH0421428944
Globálně zaměřený index využívající flexibilní, diverzifikovaný investiční přístup, aktivně reaguje svým složením na měnící se tržní podmínky. Orientuje se na vyspělé trhy a pro dosahování svých cílů pružně upravuje složení svého portfolia prostřednictvím alokace do jedenácti podkladových aktiv ze tří základních tříd aktiv – akcií, státních dluhopisů a komodit. Pomocí futures kontraktů tak může 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). Změna alokace indexu mezi jednotlivá podkladová aktiva probíhá jednou měsíčně, a každý měsíc je z dostupných aktiv stanoveno nové portfolio. Pro složení indexu je klíčová jeho cílová volatilita okolo 6 %.

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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