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Prémiový dluhopis RESPONSIBLE 15


ISIN:
AT0000A2UZV7

Date: 2024/06/21 00:00:00
Bid Ask
99.07 -
Difference 0.00% (0.00)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon-
Coupon stylefix
Coupon payment date2026/02/27
Coupon payment periodat maturity
Value date2022/01/17
Maturity2026/02/27
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 day2026/02/20

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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

A minimum 108% return on the nominal value (see Note) of the PD RESPONSIBLE 15 at its maturity date – a combination of a fixed 8% yield and a yield dependent on the performance of the underlying index with an interesting growth potential.
 
ESG is also the key “investment theme” for PD RESPONSIBLE 15. 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 and thus stabilises the yield and limits the losses during slumps in the markets. 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 released funds to the money market.

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

For more information see the leaflet. 
 

Payment notes

How does PD RESPONSIBLE 15 work?
  • The resulting yield of four-year PD RESPONSIBLE 15 depends on the development of Solactive ERSTE Fair Invest Index VC share index in combination with a fixed 8% yield for the duration of PD RESPONSIBLE 15.
  • The initial value of the underlying asset shall be fixed on 17 February 2022.  
  • The underlying asset is observed annually. Its value is recorded each year on the observation day.   
  • The average value of the underlying asset is calculated from these 4 values acquired during individual days of observation. It 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 15 + fixed 8% yield + 100% participation × (average value of 4 observations of the underlying asset /initial value – 1).
  • Even with a fall in the underlying asset price at least 108% of PD RESPONSIBLE 15 nominal value (see Note) is paid out at maturity thanks to the guarantee.
  • For the duration of PD RESPONSIBLE 15 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 48% of the PD RESPONSIBLE 15 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 and the fixed yield, but on the continuous value of the underlying asset throughout the duration of PD RESPONSIBLE 15. 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 27 February 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.
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Note: The payout of 100% of the nominal value and 8% yield depends on the issuer being able to meet its commitments tied to PD RESPONSIBLE 15 in case of insolvency or due to an administrative measure and also whether you retain PD RESPONSIBLE 15 until the maturity date. If you decide to sell PD RESPONSIBLE 15 before its maturity, there is no guarantee that you will receive 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: Information regarding product costs is published in the Notification of Key Information, you will find the precise expression of the product costs in the Instruction for Purchase.

Underlying

SOL ERSTE FAIR INVEST VC INDEX (EXCESS RETURN) (EUR)
DE000SL0DHU1
The Solactive ERSTE Fair Invest Index VC includes 50 shares of top quality companies. These selected companies are actively committed to the policy of sustainable economic development and environmental protection, social principles and policies of sustainable management. The index portfolio contains companies, for example from the consumer goods and health and body care sector. The index reviews the volatility of the portfolio, which stabilises the yield and limits loss during market slumps. The set algorithm is targeted at 10% volatility and compares it with the historical volatility of the monitored portfolio. At high volatility this mechanism reduces exposure to dynamic assets and moves released funds to the money market.

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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