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Prémiový dluhový cenný papír NASDAQ AUTOCALL


ISIN:
DE000CS8C1P8

Date: 2020/12/04 09:58:32
Bid Ask
98.54 -
Difference 0.08% (0.08)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueCH
Current coupon0.000%
Coupon stylevariable
Coupon payment date2023/11/21
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2020/11/20
Maturity2023/11/21
Repayment value0.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance5 (scale 1-7)
Last trading day2023/11/13

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Key Information DocumentPDF Download
CZ ReportPDF 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

What does the PDCP NASDAQ AUTOCALL offer?

  • Possibility to obtain an attractive yield of up to 13.2% in 3 years.
  • The PDCP NASDAQ AUTOCALL can be automatically repaid early together with the payout of an interesting yield of 4.4% (see Note) already after the first year or at any of the following half-yearly monitoring. The total yield is then 2.2% (see Note) for each half-year that elapsed since the issue date.
  • Interesting barrier of 60% of the initial value of the NASDAQ-100® index for payout of the nominal value of the Premium Bond at the date of closing monitoring.
    – Barrier for automatic early repayment decreasing over in time: 100% (after a year), 95% (after a year and a half), 90% (after two years), 85% (after two years and a half).
  • PDCP NASDAQ AUTOCALL is issued in Czech crowns, the investor does not bear currency risk.
  • Electronic version of the Prospectus is published on the Issuer´s website www.credit-suisse.com or on www.investicnicentrum.cz/prospekty.
  • Electronic version of the Notification of Key Information is published on the website https://docs.credit-suisse.com/.
  • The PDCP NASDAQ AUTOCALL does not guarantee a return on the invested amount and the investor could lose the whole investment or part of it.
  • The holder of the PDCP NASDAQ AUTOCALL bears the issuer´s credit risk.
  • The total yield is paid out in a single sum for the real duration of the PDCP NASDAQ AUTOCALL at the regular maturity or at the date of the automatic early repayment.
  • If at the date of fixing the closing value of the NASDAQ-100® index its value falls below the barrier of 60% of its initial value, no yield will be paid out at the maturity date and the holder of the PDCP NASDAQ AUTOCALL will lose more than 40% of the invested money.
  • If you use the portfolio method of investment advisory service, ask your banker or investment specialist to assess with you whether this product should become part of your investment portfolio.
  • The PDCP NASDAQ AUTOCALL is subject to German law.
  • The prices are given as the percentage of the nominal value. Purchase price means that the client is selling, selling price means that the client is buying.
  • Issuer: Credit Suisse AG, acting through its London branch (S&P's A +/ Moody's A1 / Fitch A)
  • Underlying asset: index NASDAQ-100® (ISIN: US6311011026)
  • Subscription period: 22 October 2020 (9.00)–12 November 2020 (16.00)
  • Date of fixing the initial value of the index:  12 November 2020
  • Date of fixing the closing value of the index: 13 November 2023
  • Dates of possible automatic early repayment: 22 November 2021, 19 May 2022, 22 November 2022, 19 May 2023
  • Dates of monitoring: see the leaflet
  • Barrier for payout of the nominal value of the PDCP NASDAQ AUTOCALL at the closing date of monitoring: 60% of the initial value of the NASDAQ-100® index
  • Product costs valid at the subscription starting date: (You will find the exact expression of product costs in the PDCP NASDAQ AUTOCALL Subscription Instruction.) 1.49% annually
  • Price for the provision of early redemption: 2% of the transaction volume

Description

Are you looking for an interesting investment opportunity? Do you trust the force and long-term potential of the world economy and especially the technological sector but nevertheless fear of its higher fluctuation? If you rank among more experienced investors, then you may be interested in investing in three-year Prémiový dluhový cenný papír NASDAQ AUTOCALL (PDCP NASDAQ AUTOCALL).

PDCP NASDAQ AUTOCALL with the option of automatic early repayment provides opportunity to gain an attractive annual yield of 4.4% (see Note). The total yield for its three-year duration may reach up to 13.2%.

The payout of the yield and nominal value of the PDCP NASDAQ AUTOCALL is derived from the trend of the NASDAQ-100® share index. In addition, the structure of the PDCP NASDAQ AUTOCALL allows its early repayment and payout of an attractive yield in case of a slight decrease or growth of the underlying index. The product can be terminated already after the first year and subsequently every half-year of its duration until the maturity date.

Payment notes

How does the PDCP NASDAQ AUTOCALL work?

  • The payout of the yield and nominal value of PDCP NASDAQ AUTOCALL depends on the trend of the NASDAQ-100® index.
  • For its duration the PDCP NASDAQ AUTOCALL can be automatically paid out early already after the first year or at any of the following half-year monitoring if the value of the NASDAQ-100® index will be equal or higher than the comparative value of the underlying index at the relevant monitoring date. 
  • If the automatic early repayment condition is not met, the PDCP NASDAQ AUTOCALL continues to the next date of possible repayment.
  • If the PDCP NASDAQ AUTOCALL is automatically repaid early, the investor shall receive its nominal value and a yield of 2.2% (se Note) for each half-year that elapsed since the issue date.
    You will find an example in the leaflet.
  • If the automatic early repayment is not made and at the date of fixing the closing value of the monitored index this value does not fall below the barrier of 60% of its initial value, 100% of the PDCP NASDAQ AUTOCALL nominal value and total yield 6 x 2.2.% = 13.2% (see Note) will be paid out at the maturity date.
  • If the automatic early repayment is not made and at the date of fixing the closing value of the index, the value of the monitored index falls below the barrier of 60% of its initial value, 100% of the PDCP NASDAQ AUTOCALL nominal value decreased by the index loss from the date of fixing its initial value until the date of fixing its closing value shall be paid out at its maturity date. The investor shall lose more than 40% of the investment and no yield shall be paid out.
    You will find the example in the leaflet.

Settlement

  • Maturity shall be on 21 November 2023
  • The disbursement of the yield and nominal value shall be conducted by Česká spořitelna
  • It takes three working days to settle the buying and selling of the Premium Bond

Secondary market

  • Minimum purchased amount: 1 piece
  • Price at subscription: 100%, free of charge
  • Liquidity: daily according to current market prices in the Exchange Rate List of Česká spořitelna, a.s.
  • The Premium Bond can be sold even prior to the maturity date for the price in the Česká spořitelna Exchange Rate List which can be found here at the Investment Centre/ Exchange Rate Lists
    -----------------------------
    Note: Any potential yields from the PDCP NASDAQ AUTOCALL are paid in a lump sum at its automatic early or regular maturity date, the consolidated interest is not claimed.
    Note 2: 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 7, assuming that you will keep the product until its maturity date. The real risk may significantly differ in case you sell the product prematurely.

Underlying

NASDAQ 100
US6311011026

NASDAQ-100® is one of the world´s pre-eminent growth indexes.  It comprises one hundred of the largest American and international non-financial companies (based on market capitalisation). Companies included in the index focus on the following areas: information technology, telecommunication, consumer goods and biotechnology. Among stock titles with the highest representation in the index belong Apple, Amazon, Microsoft, Facebook, Alphabet (Google), Tesla, nVidia, Adobe, Netflix, Intel or Paypal. Most companies forming this stock index provide their products and services worldwide. This varied combination of sector exposures brings broad diversification. 


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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