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Prémiový dluhový cenný papír EURO STOXX BANKS EXPRESS


ISIN:
AT0000A272L4

Date: 2019/12/11 00:00:00
Bid Ask
98.17 -
Difference -0.61% (-0.61)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typecorporate
Country of issueAT
Current coupon0.000%
Coupon stylevariable
Coupon payment date2023/05/02
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2019/04/01
Maturity2023/05/02
Repayment value0.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance6 (scale 1-7)
Last trading day2023/04/24

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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 the Prémiový dluhový cenný papír EURO STOXX BANKS EXPRESS?

  • Possibility to gain an attractive annual yield of 6.60% (see Note).
  • The Premium Bond can be automatically repaid early together with payout of an interesting yield of 6.60% (see Note) as soon as after the first year or subsequently at any of the following annual monitoring.
  • EURO STOXX® Banks is a high quality diversified index representing the European banking sector.
  • Interesting level of the barrier of 55% of the initial value of the EURO STOXX® Banks index for payout of the nominal value of the Premium Bond at its maturity date.
  • The Premium Bond is issued in Czech crowns, the investor does not bear the currency risk.
  • Electronic version of the prospectus is published on the Issuer´s website www.erstegroup.com.
  • You can get the Notification of Key Information on creator´s website www.erstegroup.com and on the investment portal of Česká spořitelna www.investicnicentrum.cz

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Note: Any potential yields from the Premium Bond are paid out in a lump sum at its early or regular maturity date, the consolidated interest is not claimed.
Note 2: The initial value will be calculated by the EURO STOXX® Banks index provider based on the closing prices of the underlying assets at the relevant stock exchanges on 24 April 2019.

  • The Premium Bond does not guarantee a return on the invested amount and the investor can lose the whole investment or part of it.
  • The Premium Bond holder bears the issuer´s credit risk.
  • The annual yield is paid out in a lump sum for the entire duration of the Premium Bond to the maturity date or to the date of automatic early repayment.
  • If to the date of fixing the closing value of the index its value falls below the barrier of 55% of its initial value (see Note 2), no yield will be paid out on the maturity date and the Premium Bond holder will lose more than 45% of the invested money.
  • Product risk weight on a scale of 1 to 7, from a potentially lower risk and yield of 1 to a potentially higher risk and yield of, assuming that you will keep the product for four years. The real risk may significantly differ in case you sell the product prematurely.
  • If you use the portfolio method of investment advice ask your banker or investment specialist to assess whether this product should become part of your investment portfolio.
  • Issuer: Erste Group Bank AG (S&P's A / Moody's A2 / Fitch A)
  • Underlying asset: EURO STOXX® Banks Price Index
  • Potential annual yield: 6.60%
  • Price: 100%, free of charge
  • Initial value fixing date: 24 April 2019
  • Closing value fixing date: 24 April 2023
  • Dates of possible automatic early repayment: 4 May 2020, 3 May 2021, 2 May 2022
  • Comparative values for automatic early repayment: see the leaflet
  • Maturity date: 2 May 2023
  • Barrier for the Premium Bond nominal value payout at its maturity date: 55% of EURO STOXX® Banks index initial value
  • Distributor´s costs valid at the issue date: approximately 0.5% p.a., you can find the exact definition in the Agreement for Purchase of PDCP EURO STOXX BANKS EXPRESS
  • Issuer´s costs: you will find their precise expression in the Notification of Key Information
  • Price for the provision of early redemption: 2% of the transaction volume
  • Minimum investment: 1 piece
  • Liquidity: daily according to current market prices shown in the Exchange Rate List of Česká spořitelna, a.s.

Description

Does the opportunity of achieving an interesting yield appeal to you? Do you trust the strength and long-term growth of the European economy and banking sector, but you are worried about its increased fluctuation? Then you may be interested in investing in the four-year Prémiový dluhový cenný papír EURO STOXX BANKS EXPRESS which offers an opportunity to get an annual yield of 6.60%. The payout of its nominal value is based on the market trend of the EURO STOXX® Banks stock index.

The four-year Prémiový dluhový cenný papír EURO STOXX BANKS EXPRESS with the option of early repayment offers an opportunity to obtain an attractive annual yield fixed at 6.60% (see Note).

The four-year Prémiový dluhový cenný papír EURO STOXX BANKS EXPRESS offers the option to obtain an attractive yield of 6.60% (see Note) per annum. Then the total yield may reach of up to 26.4% for the four-year duration of the Premium Bond. The payout of the yield and the payout of its nominal value is derived from the trend of the EURO STOXX® Banks stock index. The structure of the Prémiový dluhový cenný papír EURO STOXX BANKS EXPRESS moreover allows its early repayment and payout of an attractive yield even in case of a slight decline of the EURO STOXX® Banks stock index.
The product may be terminated already after its first year and subsequently every year for its duration until its maturity date.

EURO STOXX® Banks comprises the stock of 27 banks of the developed economy of Europe;
German, French, Dutch, Belgian, Austrian, Spanish or Italian banks that belong among the European leaders in banking sector such as DEUTSCHE BANK, COMMERZBANK, BNP PARIBAS, SOCIÉTÉ GÉNÉRALE, ING, ABN AMRO, KBC, ERSTE BANK, BANCO SANTANDER or UNICREDIT have their representation in it.

Payment notes

How does the Prémiový dluhový cenný papír EURO STOXX BANKS EXPRESS work?

  • The payout of the yield and nominal value of the Premium Bond depends on the trend of EURO STOXX®  Banks stock index.
  • The initial value of the index (see Note 2) will be fixed on 24 April 2019.
  • Automatic early repayment for the duration of the Premium Bond may arise once a year if the value of the index at the observation date equals or is above than the comparative value at the relevant observation date.
  • If the condition for early repayment is not met, the Premium Bond continues to the next annual date of possible early repayment.
  • If the Premium Bond is repaid early, the investor will receive its nominal value and a yield of  6.60% (see Note) for each year that elapsed since the issue date.
    See the EXAMPLE in the leaflet.
  • The barrier for payout of the Premium Bond nominal value to its maturity date is fixed on the level of 55% of the fixed initial value of the EURO STOXX® Banks index.
  • If there is no early repayment and to the date of fixing the closing value of the index its value does not fall below the barrier, the nominal value of the Premium Bond and a yield amounting to 4 x 6.60%, i.e. 26.40% (see Note) will be paid out on the maturity date).
    If there is no early repayment and on the date of fixing the closing value of the index, its value falls below the barrier level, 100% of the nominal value of the Prémiový dluhový cenný papír EURO STOXX BANKS EXPRESS, decreased by the index loss from the date of fixing its initial value to the date of fixing its closing value, will be paid out on the maturity date. The investor will lose more than 45% of the investment and no yield will be paid out.
    See the EXAMPLE in the leaflet.

Settlement

  • The maturity date shall be 2 May 2023

Secondary market

  • Minimum purchased quantity: 1 piece
  • Liquidity: daily according to current market prices shown in the Exchange Rate List of Česká spořitelna, a.s

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Note: Any potential yields from the Premium Bond are paid out in a lump sum at its early or regular maturity date, the consolidated interest is not claimed.
Note 2: The initial value will be calculated by the EURO STOXX® Banks index provider based on the closing prices of the underlying assets at the relevant stock exchanges on 24 April 2019.

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

EURO STOXX BANKS
EU0009658426

EURO STOXX® Banks je složen z akcií 27 bank ekonomicky vyspělé Evropy. Zastoupení v něm mají německé, francouzské, nizozemské, belgické, rakouské, španělské či italské banky patřící mezi evropské lídry bankovního sektoru – DEUTSCHE BANK, COMMERZBANK, BNP PARIBAS, SOCIÉTÉ GÉNÉRALE, ING, ABN AMRO, KBC, ERSTE BANK, BANCO SANTANDER či UNICREDIT.


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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