Look for:

Our offer for

Prémiový dluhopis RESPONSIBLE 3


Date: 2023/09/25 10:35:00
Bid Ask
85.92 -
Difference -0.01% (-0.01)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon-
Coupon stylevariable
Coupon payment date2026/12/17
Coupon payment periodat maturity
Value date2020/11/12
Repayment value100.00
Nominal value10,000
Accrued Interest-
Investor tolerance1 (scale 1-7)
Last trading day2026/12/10

PDF Downloads

CZ FlyerPDF Download
CZ ReportPDF Download
Key Information DocumentPDF Download

Scale: ABS REL         Instrument

Add Benchmark:

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 dluhopis RESPONSIBLE 3?
  • Interesting yield potential of up to 40% for its duration.
  • 50% participation on the regularly monitored development of a widely diversified underlying asset – Solactive ERSTE Green Invest Index VC index.
  • Regular observation of the underlying asset. Final yield is calculated as 50% participation from the average annually fixed values of the monitored underlying asset.
  • Even with a greater fall in the underlying asset at least 100% of PD RESPONSIBLE 3 nominal value (see Note) is always paid out at maturity thanks to guarantee. 
  • Immediate availability of funds. You can sell PD RESPONSIBLE 3, subject to standard market conditions, 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 100% of its nominal value. The payout guarantee of a minimum of 100% of its nominal value (see Note) applies to payout at maturity.
  • PD RESPONSIBLE 3 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 or on www.investicnicentrum.cz/prospekty
  • Notification can be found on the author´s website www.erstegroup.com or on the investment portal of Česká spořitelna www.investicnicentrum.cz.
Please note that the target market of this investment instrument is listed below. If you do not meet any of the listed parameters, you may be outside the specified target market!
The target market defines the set of investors (retail clients) for whom the investment product is intended.
This investment product  is intended for investors who:
  • have sufficient knowledge and/or experience regarding bonds.
  • seek investment profit
  • are able to accept a level of risk that is in accordance with the risk indicator of the product specified in General attributes.
  • In the event of an unfavorable development of the investment, they are able to bear the possible loss, which is ilustrated by performance scenarios, see Key Information Document (KID).
  • are interested in holding the product until the maturity specified in General attributes.

  • The holder of PD RESPONSIBLE 3 bears the issuer´s credit risk. The 100% payout of its nominal value depends on the ability of the issuer to meet its commitments tied to this security in case of insolvency or due to an administrative measure, or if you sell the Premium Bond before its maturity. It is possible that you could lose the entire invested amount.
  • Formula for calculating the value at maturity: 100% of PD RESPONSIBLE 3  nominal value + 50% participation × (average value from 6 observations of the underlying asset /initial value – 1), minimum 100%, maximum 140%

    For more information see the leaflet.
  • Description

    Interesting yield potential of up to 40% in six years with a minimum return of 100% of the nominal value (see Note) of PD RESPONSIBLE 3 at the date of its maturity.

    ESG is the key “investment theme” for Prémiový dluhopis RESPONSIBLE 3. Its yield depends on the trend of the Solactive ERSTE Green Invest Index VC global index, which is diversified into six underlying assets – ESG stock (USA, Europe, Japan, Emerging Markets) with a 60% weight of the portfolio and ESG bonds (corporate and corporate high yield bonds) accounting for 40% of the portfolio. The individual assets in the index portfolio are represented by the ETF (exchange traded funds) iShares from the reputable company BlackRock. The portfolio is so robustly diversified from thousands of the company’s shares and bonds which meet the strict ESG criteria of the MSCI SRI indexes (Socially Responsible Investment). The control of the portfolio’s volatility stabilises the yield and limits the loss during slumps on markets when the set algorithm targets 7% volatility and compares it with the historical volatility of the monitored portfolio. At high volatility this mechanism reduces exposure to dynamic assets and transfers funds to the money market.

    • The issuer is Erste Group Bank AG (S&P's A / Moody's A2 / Fitch A)
    • Underlying asset: Solactive ERSTE Green Invest Index VC

    For more information see the leaflet.

    Payment notes

    How does PD RESPONSIBLE 3 work?

    • The yield of six-year PD RESPONSIBLE 3 depends on the development of the global Solactive ERSTE Green Invest Index VC index.
    • The initial value of the underlying asset shall be fixed on 10 December 2020.
    • The underlying asset is monitored annually. Each year its value is recorded on the monitored day.
    • The average value of the underlying asset is calculated from these 6 values acquired during individual days of 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 PD RESPONSIBLE 3 + 50% participation × (average value of 6 observations of the underlying asset/ initial value – 1).
    • Even with a greater fall in the underlying asset at least 100% of PD RESPONSIBLE 3 nominal value (see Note) is always paid out at maturity thanks to the guarantee.
    • For the duration of PD RESPONSIBLE 3 its price may fall even below 100% of its nominal value with regard to the development of 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 PD RESPONSIBLE 3, i.e. for 6 years.
    • Regular annual observation and averaging of the acquired index values partly protect the investor from any sharp fall of prices of the monitored underlying asset just before maturity. The total yield does not depend only on the closing value of the monitored underlying asset, but on the continuous value of the underlying asset throughout the duration of PD RESPONSIBLE 3. 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


    • The maturity date of the Premium Bond shall be on 17 December 2026
    • The disbursement of the yield and nominal value shall be conducted by Česká spořitelna
    • Liquidity: daily according to current market prices published in the Exchange Rate List of Česká spořitelna, a.s.
    • It takes 3 working days to settle the buying and selling of the Premium Bond

    Secondary market

    • Minimum purchased amount: 1 piece
    • Selling price: 100%, without a fee
    • This premium bond can only be sold on the market, the price the client sells listed in the exchange rate list is only indicative.
    • The price for procuring the sale is determined by the valid price list, it currently amounts to a maximum of 0.5% of the trade volume.


    Note: The payout of the guaranteed amount depends on the issuer and guarantor being able to meet their guarantee commitments.
    Note 2: The 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 provided that you keep the product until the maturity date. The real risk may significantly differ in case you sell the product prematurely. The product risk weight is a guide for a comparison of the risk rate of this product compared with others. It shows how likely it is that you can lose money as a consequence of a movement on the markets, or because the issuer will be unable to pay out the money.
    Note 3:
     You will find the precise expression of the product costs in the Instruction for Purchase of PD RESPONSIBLE 3



    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.


    We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. Please read more information here


    Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

    By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer