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Prémiový dluhopis RESPONSIBLE 14


ISIN:
AT0000A2UK62

Date: 2024/05/22 00:00:00
Bid Ask
91.43 -
Difference 0.00% (0.00)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon-
Coupon stylevariable
Coupon payment date2026/01/15
Coupon payment periodat maturity
Value date2021/12/03
Maturity2026/01/15
Repayment value100.00
CurrencyCZK
Nominal value10,000
Accrued Interest-
Yield to maturity p.a. (before capital gains tax)-
Investor tolerance1 (scale 1-7)
Last trading day2026/01/08

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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 dluhopis RESPONSIBLE 14?

  • Interesting yield potential of up to 40% for its duration.
  • 300% 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 300% participation from the average annually observed changes of the underlying asset price but its total amount is limited by 140% upper limit of the PD RESPONSIBLE 14 nominal value.
  • Even with a price fall in the underlying asset at least 100% of PD RESPONSIBLE 14 nominal value (see Note 1) is paid out at maturity thanks to guarantee.
  • Immediate availability of funds. You can sell PD RESPONSIBLE 14 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 and the investor incurs loss. The payout guarantee of a minimum of 100% of its nominal value (see Note 1) applies only to payout at maturity.
  • PD RESPONSIBLE 14 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 of Key Information can be found on the 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.

PD RESPONSIBLE 14 is not intended for investors (negative product target market) who are unable to bear the possible loss of invested funds in the event of an unfavorable development of the investment.
The client's compatibility with the product's target market will be evaluated during the purchase process.
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  • The holder of PD RESPONSIBLE 14 bears the issuer´s credit risk. The payout of 100% of its nominal value depends on the ability of the issuer to meet its commitments tied to PD RESPONSIBLE 14 in case of insolvency or due to an administrative measure, or if you sell PD RESPONSIBLE 14 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 14 nominal value+ 300% participation × (average value from 4 observations of the underlying asset / initial value – 1), minimum 100% (see Note 1), maximum 140%

    You will find more information in the leaflet.
  • Description

     Interesting yield potential of up to 40% in four years with a minimum return of 100% of the nominal value (see Note 1) of PD RESPONSIBLE 14 at the date of its maturity.

    ESG is also the key “investment theme” for PD RESPONSIBLE 14. Its yield depends on the trend of the Solactive ERSTE Fair Invest Index VC share index, which comprises 50 shares of high quality companies. These selected companies take active account of the policy of sustainable economic development and environmental protection, social principles and sustainable management policies. The index portfolio contains companies such as from the sphere of consumer goods, health and body care etc. The index reviews the volatility of the portfolio, which stabilises the yield and limits the losses during slumps in the market. The set algorithm is targeted at 10% volatility and compares it with the historic volatility of the observed portfolio. At high volatility this mechanism reduces exposure to dynamic assets and transfers funds to the money market.

    • Issuer: Erste Group Bank AG (S&P's A / Moody's A2 / Fitch A)
    • Undrelying: Solactive ERSTE Fair Invest Index VC


    You will find more information in the leaflet.

    Payment notes

    How does RESPONSIBLE 14 work ?
    • The yield of four-year PD RESPONSIBLE 14 depends on the development of Solactive ERSTE Fair Invest Index VC index.
    • The initial value of the underlying asset shall be fixed on 5 January 2022.
    • 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 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 14 + 300% participation × (average value of 4 observations of the underlying asset/ initial value – 1).
    • Even with a fall in the underlying asset price at least 100% of PD RESPONSIBLE 14 nominal value (see Note 1) is paid out at maturity thanks to the guarantee.
    • For the duration of PD RESPONSIBLE 14 its price may fall even below 100% of its nominal value with respect to the development of the underlying asset and market conditions.
    • The maximum amount of the yield is fixed at 40% of the PD RESPONSIBLE 14 nominal value for its duration, i.e. for 4 years.
    • Regular annual observation and averaging of the acquired index values partly protect the investor from any sharp fall of 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 PD RESPONSIBLE 14. 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

    • The maturity date of the Premium Bond shall be on 15 January 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
    • Price for the provision of redemption: 2% of the transaction volume
    • 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.

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    Note 1: The payout of 100% of the nominal value depends on the issuer being able to meet its commitments tied PD RESPONSIBLE 14 in case of insolvency or due to an administrative measure and also whether you keep PD RESPONSIBLE 14 until the maturity date. If you decide to sell PD RESPONSIBLE 14 before its maturity, it can’t be guaranteed that you will get 100% of the nominal value.

    Note 2: The product’s risk weight is on a scale of increasing values from 1 to 7, where value 1 represents potentially the lowest risk and yield, and value 7 the potentially highest risk and yield, provided that you hold the product until its 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 other products. 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 meet his commitments.

    Note 3: You will find the precise expression of the product costs in the Instruction for Purchase of PD RESPONSIBLE 14.


    Underlying

    SOL ERSTE FAIR INVEST VC INDEX (EXCESS RETURN) (EUR)
    DE000SL0DHU1
    Solactive ERSTE Fair Invest Index VC zahrnuje 50 akcií vysoce kvalitních společností. Tyto vybrané společnosti aktivně zohledňují politiku udržitelného ekonomického rozvoje a ochranu životního prostředí, sociální principy a zásady udržitelného řízení. Portfolio indexu obsahuje společnosti například z oblasti spotřebního zboží a zdraví  a péče o tělo atd. Index reviduje volatilitu portfolia, čímž stabilizuje výnos a omezuje ztráty při propadech na trzích. Nastavený algoritmus cílí na volatilitu 10 % a porovnává ji s historickou volatilitou sledovaného portfolia. Při vysoké volatilitě snižuje tento mechanismus expozici vůči dynamickým aktivům a uvolněné prostředky přesouvá na peněžní trh.
     

    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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