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Prémiový dluhopis MULTI 12


ISIN:
AT0000A29AJ5

Date: 2020/07/10 00:00:00
Bid Ask
96.52 -
Difference -0.61% (-0.60)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon0.000%
Coupon stylevariable
Coupon payment date2023/10/02
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2019/08/19
Maturity2023/10/02
Repayment value100.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance1 (scale 1-7)
Last trading day2023/09/25

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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, what is its yield potential and the market risk he takes. If these parameters are also important to you then you might be interested in investing in Prémiový dluhopis MULTI 12 (PD MULTI 12). The four-year PD MULTI 12 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.

An interesting yield potential of up to 40% in four years with a minimum 100% return on the nominal value (see Note) of the PD MULTI 12 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 method is used for the PD MULTI 12, whose yield depends on the trend of Solactive ERSTE Multi Asset Index 35 VC index. The globally focused index uses “Volatility Control” as a mechanism to monitor volatility which once it exceeds the limit automatically reduces its exposure to the basic portfolio and begins to target the money market more. The basic portfolio of Solactive ERSTE Multi Asset Index 35 VC index represents eight underlying assets out of three different asset classes (shares, bonds and commodities). The underlying assets in the basic portfolio have a fixed weight and this allocation is being renewed at the beginning of each quarter. The target volatility of 7% is crucial for index composition.

Payment notes

How does the Prémiový dluhopis MULTI 12 work?

  • The yield of the four-year PD MULTI 12 depends on the trend of global Solactive ERSTE Multi Asset Index 35 VC.
  • The initial value of the underlying asset shall be determined on 17 September 2019.
  • 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 these 4 values acquired during observation. This is then compared to its initial value.
  • The total amount of the payout at maturity is calculated: 100% of the nominal value of the PD MULTI 12 + participation 80% x (average value of 4 observations of the underlying asset/initial value – 1).
  • Even with a greater fall in the underlying asset at least 100% of the PD MULTI 12 nominal value (see Note) is always paid out at maturity thanks to the guarantee.
  • For the duration of the PD MULTI 12 its price may fall even below 100% 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 40% of the Premium Bond nominal value for the duration of the PD MULTI 12, i.e. for 4 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 PD MULTI 12. 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 of the Premium Bond is 2 October 2023
  • 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 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.

Note 2.: Product risk rate weight is on a scale from 1 to 7 from a potentially lower risk and yield of 1 to a potentially higher risk and yield of 7 assuming that you will keep the product until the maturity date. The real risk may substantially differ, if you sell the product prematurely. The product risk-weight is a guide for comparing the rate of risk in comparison with others. It shows how likely it is that you can lose money as a consequence of movements on the markets, or because the issuer will be unable to pay out the money.

 


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