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General attributes

Type of bond	Structured bonds and notes
Bond style	senior
Issuer type	financial institution
Country of issue	CH
Current coupon	-
Coupon style	variable
Coupon payment date	2024/03/01
Coupon payment period	at maturity
Value date	2021/03/02
Maturity	2024/03/01
Repayment value	0.00
Currency	CZK
Nominal value	10,000
Accrued Interest	-
Yield to maturity p.a. (before capital gains tax)	-
Investor tolerance	6 (scale 1-7)

Basic bond documents (prospectuses, supplements,..)

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CZ Flyer
CZ Final report

CZ Key Information Documents of structured bonds and notes

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: FactSet

Advantages

Details you should be aware of

What does PDCP INDUSTRY AUTOCALL offer?

Possibility to obtain an attractive yield of 21% in three years.
PDCP INDUSTRY AUTOCALL can be automatically repaid early together with payout of an interesting yield of 7% (see Note) already after the first year or at any of the following annual observations. The total yield is then 7% (see Note) for each year that elapsed since the issue date.
Interesting 55% barrier level of the initial value of the individual underlying shares for payout of the nominal value of PDCP INDUSTRY AUTOCALL at the date of the final observation.
Barrier for automatic early repayment decreasing over in time: 90% (after a year), 80% (after two years).
Additional protection mechanism for payout of the nominal value of PDCP INDUSTRY AUTOCALL at its maturity date.
PDCP INDUSTRY AUTOCALL is issued in Czech crowns, the investor does not bear the currency risk.
Electronic version of the Basic Prospectus is published on the Issuer´s website https://derivative.credit-suisse.com/bp/ch/en/prospectuses/
prospectuses/prospectus/ye or on www.investicnicentrum.cz/prospekty.
Electronic version of the Notification of Key Information is published on the website https://docs.credit-suisse.com or you can find it on the investment portal 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 structured products and shares.
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.

This investment product is not intended for investors (negative product target market), who:

do not have sufficient knowledge regarding structured investment instruments and shares
are unable to bear the loss of invested funds indicated in the Key Information Document (KID) 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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PDCP INDUSTRY AUTOCALL does not guarantee a return on the invested amount and the investor could lose the whole investment or part of it.
A 100% return on the nominal value of PDCP INDUSTRY AUTOCALL at the maturity date depends on the trend of the market rate of shares - Caterpillar, Siemens and Evonik Industries.
The PDCP INDUSTRY AUTOCALL holder bears the issuer´s credit risk.

More information you will find in the leaflet.

Description

PDCP INDUSTRY AUTOCALL with the option of automatic early repayment provides the opportunity to gain an attractive annual yield of 7% (see Note). The total yield for its three-year duration can then reach up to 21%.

The payout of the yield and the nominal value of PDCP INDUSTRY AUTOCALL is based on the price trend of shares of three important companies the activity of which focuses on the sphere of industry - Caterpillar, Siemens and Evonik Industries. In addition, the construction of PDCP INDUSTRY AUTOCALL allows its early repayment and payout of an attractive yield even in case of a slight decrease or stagnation of the underlying assets. The product may end already after the first year or subsequently each year for its duration depending on fulfilment of conditions for early repayment or at its maturity date.

For more information see the leaflet

Payment notes

How does PDCP INDUSTRY AUTOCALL work?

The payout of the yield and nominal value of PDCP INDUSTRY AUTOCALL depends on the market rate trend of shares of companies such as Caterpillar, Siemens and Evonik Industries.
For its duration PDCP INDUSTRY AUTOCALL can be automatically paid out early once a year, if the value of each individual underlying share at the observation date will be equal or higher than the comparative value of the underlying share at the relevant observation date.
If the automatic early repayment condition is not met, PDCP INDUSTRY AUTOCALL continues to the next date of possible repayment.
If PDCP INDUSTRY AUTOCALL is automatically repaid early, the investor shall receive its nominal value and a yield of 7% (see Note) for each year that elapsed since the issue date.
If the automatic early repayment is not made and at the date of fixing the closing value of the individual underlying shares the price of any of the shares does not fall below the barrier of 55% of its initial value, the nominal value of PDCP INDUSTRY AUTOCALL and the total yield of 21% (equivalent of three annual yields of 7% (see Note)) shall 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 individual underlying shares the price of at least one of the underlying shares falls below the barrier of 55% of its initial value and at the same time the closing value of any of the remaining shares shall not be equal or higher than its initial value, 100% of the nominal value of PDCP INDUSTRY AUTOCALL shall be paid out decreased by the loss of the worst of the three shares since the date of fixing its initial value until the date of fixing its closing value. The investor will incur a loss which represents more than 45% of his initial investment and no yield shall be paid out.

You will find more information and the examples in the leaflet

Settlement

Maturity shall be on 1 March 2024
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 for the provision of early redemption: 2% of the transaction volume
Price at subscription: 100%, without a fee
Liquidity: daily according to current market prices published in the Exchange Rate List of Česká spořitelna, a.s.

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Note: PDCP INDUSTRY AUTOCALL pays out potential yields in a lump sum at its early or regular maturity date, the consolidated interest is not claimed.
Note 2: Product risk weight is 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. 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 pay the money.

Underlying

CATERPILLAR INC US1491231015	This US leader in engineering was founded in 1925 and is often named only by the abbreviation CAT. The inspiration for the name Caterpillar came from the company’s products – a tractor which, instead of steel wheels, uses tracks and moves like a caterpillar. The company focuses above all on development, production and sale of agricultural, construction and mining technology. A significant part of production is also that of diesel engines, turbines and diesel-electric locomotives. The company is based in the US state of Illinois and 40% of its income comes from the domestic market while the remaining 60% comes from the rest of the world. In 2020 the company’s income exceeded 39 billion USD. It employs more than 100,000 people.
SIEMENS AG DE0007236101	Siemens AG is a German industrial giant, whose origin dates back to 1866. It focuses above all on electronics, automation and digitisation. It operates in transportation, generation of energy, design of control mechanisms and diagnostic instruments used in healthcare. People come across its products in everyday life in the form of household appliances or office equipment. The company’s employees filed about 2,740 patent applications in the fiscal year of 2020 and submitted about 5,120 publications about published inventions. Siemens AG is the holder of a total of 42,900 issued patents. In our country Siemens has been operating for 130 years now and one of its first projects was the delivery of a gas furnace to the glass factory in Harrachov. Today this conglomerate based in Munich is one of the biggest in the world. It has over 290,000 employees and has a representative office in almost every country. The company’s total income for the fiscal year of 2020 was just under 58 billion EUR.
EVONIK INDUSTRIES AG DE000EVNK013	This German company was established in 2007, although a record of its history goes back to 1968. It specialises in the development and production of high quality chemicals which form part of an extensive range of production processes. Its products are used in the production of renewable energy, in the automotive industry, construction, engineering and human and animal healthcare. These chemicals are used to produce such end products as: insulation materials, mattresses, tyres, turbines for wind power plants, medication and animal nutrition. It also focuses on development of innovative and intelligent materials that offer resource-saving solutions of conventional sources. It employs more than 32,000 people in 26 countries of the world. The company’s total income for the fiscal year of 2020 came to about 12 billion EUR.

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.

Go to Know-How

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