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Prémiový dluhový cenný papír TOP STOCKS


ISIN:
XS1251223456

Date: 2019/12/12 00:01:08
Bid Ask
96.50 -
Difference 0.00% (0.00)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typecorporate
Country of issueNL
Current coupon0.000%
Coupon stylevariable
Coupon payment date2020/11/19
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2015/11/19
Maturity2020/11/19
Repayment value90.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance3 (scale 1-7)
Last trading day2020/11/04

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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 Prémiový dluhový cenný papír TOP STOCKS offer?

  • Attractive potential yield. 90% participation in the regularly observed trend of the underlying asset of the ISCS Top Stocks Fund – Risk Controlled Index, which is derived from one of the most successful Czech stock funds – TOP STOCKS.
  • Regular observations and fixing of attained yields. The resulting yield is the average of the five annual fixed observations of the underlying asset.
  • Ensuring the minimum return of 90% of the nominal value of the Premium Debt Security (the premium debt security holder bears the credit risk of the issuer and guarantor). Unlike direct investment in a stock fund any maximum fall of the invested amount in 5 years is known in advance.
  • The option to contribute to the interesting investment story of the TOP STOCKS Fund with the limited possible fall of the value of your investment.
  • A high quality issuer with an A+ rating (see Important Product Information and Parameters).
  • Prémiový dluhový cenný papír TOP STOCKS does not guarantee a return on the invested amount. It guarantees a return of at least 90% of the nominal value of the Premium Debt Security at the due date
  • 90% of the nominal value of the debt security + 90% participation x the average of five annual observations of the performance of the underlying asset of the ISCS Top Stocks Fund – Risk Controlled Index will be paid out at the due date.
  • The premium debt security holder bears the credit risk of the issuer and guarantor.
  • The prices are quoted in percentages of the nominal value. The buying price means the client sells and the selling price means the client buys.
  • Issuer: BNP Paribas Arbitrage Issuance B.V. (S&P's A+)
  • Guarantor: BNP Paribas (S&P's A+ / Moody's A1 / Fitch A+)
  • Currency: Czech crown (CZK)
  • Underlying asset: ISCS Top Stocks Fund – Risk Controlled Index
  • Nominal value of one piece: CZK 10,000
  • Minimum investment: 1 piece
  • Liquidity: depending on market conditions
  • Guarantee: 90% of the nominal value of the Premium Debt Security
  • Participation: 90% of the regularly observed trend of the underlying asset of the ISCS Top Stocks Fund – Risk Controlled Index
  • Determining the initial value of the underlying asset: 16 November 2015
  • Observation: annual, always at 16 November with convention of the following working day
  • Issue date: 19 November 2015
  • Due date: 19 November 2020
  • Price for the provision of early redemption: 2% of the transaction volume
  • Risk weighted asset: 3 (on a scale of 1 to 7 from the potentially lower risk and yield of 1 to potentially higher risk and yield of 7)

Description

Invest in Prémiový dluhový cenný papír TOP STOCKS and become part of a successful investment story.

Prémiový dluhový cenný papír TOP STOCKS brings the option of contributing to the trend of the ISCS Top Stocks Fund – Risk Controlled Index. It is derived from performance of the TOP STOCKS Fund. The five-year Prémiový dluhový cenný papír TOP STOCKS enables contribution to  an actively managed underlying asset which flexibly responds to market changes while securing a minimum return of 90% of the nominal value of the Premium Debt Security (the premium debt security holder bears the credit risk of the issuer and guarantor).

Underlying asset: ISCS Top Stocks Fund – Risk Controlled Index
The index is derived from the performance of the TOP STOCKS Fund, which is its underlying fund. For the duration of the Prémiový dluhový cenný papír TOP STOCKS there is active management of the volatility of the underlying asset which is targeted at the value of 15 % (target volatility). This active approach makes it possible to reduce any significant deviations in the trend of the underlying asset and limits its negative impact on the resulting yield of the premium debt security.

You can find more information about volatility management and the investment story in the leaflet.

Payment notes

How does the Prémiový dluhový cenný papír TOP STOCKS work?

  • The yield depends on the trend of the underlying asset of the ISCS Top Stocks Fund – Risk Controlled Index.
  • On 16 November 2015 the initial value of the underlying asset shall be determined.
  • There are five annual observations as a comparison of the initial value of the underlying asset for the duration of the premium debt security.
  • The average value of the underlying asset is calculated from the total of these five values obtained during the observations.
  • The value at the due date is calculated:
    90% guarantee of the nominal value of the premium debt security + 90% participation × (the average of the values of the underlying asset from all five observations/initial value of the underlying asset – 1),
  • The investor is partly protected against the decline of the underlying asset, and at least 90% of the nominal value of the premium debt security will be paid out (the holder of the premium debt security bears the credit risk of the issuer and guarantor).
  • The maximum yield of the premium debt security is not limited.

What situations could arise at the due date? – you can find these in the leaflet

Settlement

  • due date is 19 November 2020

Secondary market

  • minimum purchased amount: 1 piece
  • selling price: for the current price in the Česká spořitelna bond exchange rate list

Underlying

ISCS Top Stocks Fund – Risk Controlled Index
Index je odvozen od výkonnosti akciového fondu TOP STOCKS, který je jeho podkladovým fondem. V průběhu trvání Prémiového dluhového cenného papíru TOP STOCKS se aktivně pracuje s řízením volatility podkladového aktiva, která je cílena na hodnotu 15 % (cílová volatilita). Tento aktivní přístup umožňuje snížit případné výrazné výkyvy ve vývoji podkladového aktiva a omezit tak jejich negativní dopad do výsledného výnosu prémiového dluhového cenného papíru.

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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