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Prémiový dluhový cenný papír INFRASTRUCTURE AUTOCALL


ISIN:
XS1853055975
Date: 2019/11/11 00:00:00
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typecorporate
Country of issueLU
Current coupon0.000%
Coupon stylevariable
Coupon payment date2019/11/11
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2018/11/09
Maturity2019/11/11
Repayment value0.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance5 (scale 1-7)
Last trading day2019/11/01

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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 INFRASTRUCTURE AUTOCALL offer?

  • The opportunity to gain an attractive yield of up to 21% in 3 years.
  • The Premium Bond may be automatically repaid early with the payout of an interesting yield of 7% (see Note) already after the first year or with a 14% yield after the expiry of two years.
  • An interesting barrier limit of 55% of the initial value of individual underlying shares for the payout of the yield and the nominal value of the Premium Bond at its maturity date.
  • The barrier for automatic early repayment lowering over time: 90% (after a year), 80% (after two years).
  • An additional protection mechanism for payout of the nominal value of the Premium Bond at its maturity date.
  • The Premium Bond is issued in Czech crowns, the investor does not bear any currency risk.
    The electronic version of the Basic Prospectus is published on the Issuer’s website http://prospectus.socgen.com /.
  • The electronic version of the Notification of Key Information is published on the website https://regulatory.sgmarkets.com/
    /priips/kid
    , or you can find it on the investment portal www.investicnicentrum.cz.
  • Issuer´s costs valid at the issue date: you will find the precise expression in the Notification of Key Information

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Note: Any potential yields from the Premium Bond are paid out in a lump sum at its automatic early or regular maturity date, the consolidated interest is not claimed.

  • The Premium Bond 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 Premium Bond bears the issuer´s and guarantor´s credit risk.
  • The total yield is paid out in a single sum for the real duration of the Premium Bond at the maturity date or at the date of the automatic early repayment.
  • If at the date of fixing the closing value of shares the price of at least one of the underlying shares falls below the 55% barrier of its initial value and at the same time the closing value of none of the remaining shares will not be equal or higher than their initial values, no yield will be paid out at the maturity date and the Premium Bond holder will lose more than 45% of the invested money.
  • If you use the portfolio method of investment advice ask your banker or investment specialist to assess whether this product should become part of your investment portfolio.
  • The Premium Bond is subject to English law.
  • Issuer: SG Issuer (S&P's A)
  • Guarantor: Société Générale SA (S&P's A / Moody's A2 / Fitch A+)
  • Underlying shares: Vinci SA, Verizon Communications Inc, National Grid PLC and Comcast Corp.
  • Subscription period: 8 October 2018 (9.00)–2 November 2018 (16.00)
  • Price at subscription: 100%, free of charge
  • Issue date: 9 November 2018
  • Date of fixing the initial value of shares: 2 November 2018
  • Date of fixing the closing value of shares: 2 November 2021
  • Dates of possible automatic early repayment: 11 November 2019, 9 November 2020
  • Dates of observation – see the leaflet
  • Barrier for payout of the nominal value at its maturity date: 55% of the fixed initial value of each individual underlying share, at the date of fixing the closing value of each individual underlying share
  • Distributor´s costs valid at the issue date: 0.59% p.a., will find the precise expression in PDCP INFRASTRUCTURE AUTOCALL Purchase Agreement
  • 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 power and long-term growth potential of the global economy and above all the sector of public infrastructure, its construction, management and maintenance, but are concerned about the increased fluctuation of the prices of financial instruments of companies operating in this sector? If you rank among more experienced investors then you could be interested in investment in the three-year Prémiový dluhový cenný papír INFRASTRUCTURE AUTOCALL (PDCP INFRASTRUCTURE AUTOCALL).

Prémiový dluhový cenný papír INFRASTRUCTURE AUTOCALL with the option of automatic early repayment allows the investor to gain an attractive annual yield of up to 7% (see Note).

The three-year Prémiový dluhový cenný papír INFRASTRUCTURE AUTOCALL offers the opportunity to gain an attractive annual fixed yield of 7% (see Note). The payout of the yield and nominal value of the Prémiový dluhový cenný papír INFRASTRUCTURE AUTOCALL is based on the trend of the prices of shares of four major companies operating in several branches of public infrastructure – construction, management and maintenance of motorways, roads, bridges and airport networks, electricity transmission systems or telecommunications and distribution networks: of companies such as Vinci SA, Verizon Communications Inc, National Grid PLC and Comcast Corp.

Prémiový dluhový cenný papír INFRASTRUCTURE AUTOCALL also allows its early repayment already after the first year of its duration and subsequently every year for the period of its duration up to its maturity date.

The question of infrastructure construction, expansion and maintenance appears in our daily life whether this concerns transport or technical infrastructures or civic amenities. Under the concept of infrastructure we can include roads, waterways or airports, telecommunications and distribution networks, transmission systems or water management infrastructure. Infrastructure programmes give rise to parks, playgrounds or cultural and healthcare facilities. Projects for the expansion and construction of new infrastructures are successful in economically developed countries, particularly during periods of economic growth. In many less developed countries basic infrastructure elements are just beginning to appear, which provides interesting room for the growth of established firms as well as new companies. Maintenance and revitalisation of all infrastructure areas also play a fundamental role since its neglect may lead to serious problems affecting the general public.

Payment notes

How does the Prémiový dluhový cenný papír INFRASTRUCTURE AUTOCALL work?

  • The payout of the yield and nominal value of the Premium Bond depends on the trend of the shares of Vinci SA, Verizon Communications Inc, National Grid PLC and Comcast Corp.
  • For the period of its duration the Premium Bond may be automatically repaid early on an annual basis, 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 respective observation date.
  • If the automatic early repayment condition is not met, the Premium Bond continues to the next possible repayment date.
  • If the Premium Bond is automatically repaid early, the investor will receive its nominal value and a 7% yield (see Note) for each year that elapses after the issue date.
    You can find an example in the leaflet
  • If there is no automatic early repayment and the price of any shares at the date determining the closing value of individual underlying shares does not fall below the 55% barrier of their initial value, the nominal value of the Premium Bond and total yield of 21% (equivalent to three annual yields of 7% (see Note)) will be paid out at the maturity date.
  • If there is no automatic early repayment and the price of at least one underlying share at the date determining the closing value of individual underlying shares falls below the 55% barrier of its initial value, and likewise the closing value of any of the remaining shares will not be equal or higher than their initial value, the payout of the nominal value of the Premium Bond will be reduced by the loss of the worst of the four shares from the date determining its initial value to the date determining its closing value. The investor will lose more than 45% of his investment and no yield is paid out to him at the maturity date.
    You can find an example in the leaflet
  • The additional protection mechanism principle: If there is no automatic early repayment and the price at the date determining the closing value of individual underlying shares falls at least of one of the underlying shares below the 55% barrier of its initial value, but at the same time the closing value of at least one of the shares is equal or higher than its initial value, the nominal value of the Premium Bond will be paid out at the maturity date, but not any yield.
    You can find an example in the leaflet

Settlement

  • Regular maturity date: 9 November  2021
  • Dates of possible automatic early repayment: 11 November 2019, 9 November 2020
  • Price for arranging the repurchase: 2% of the trade volume
  • Liquidity: daily according to Česká spořitelna Exchange Rate List 

Secondary market

  • Minimum purchased amount: 1 piece
  • Price at subscription: 0%
  • The prices are quoted in percentages of the nominal value. The buying price means the client is selling, the selling price means the client is buying. 

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Note: Any potential yields from the Premium Bond are paid out in a lump sum at its automatic 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.


Underlying

VINCI SA
FR0000125486

Vinci SA is a French concessions and construction company founded in 1899 as Société Générale d'Enterprises. It employs over 194,000 people, operates in more than 100 countries and is the largest construction company in the world by revenue.

VERIZON COMMUNICATIONS INC
US92343V1044

Verizon Communications, Inc. is a holding company, which engages in the provision of broadband and communication services.

NATIONAL GRID PLC
GB00BDR05C01

National Grid plc is a British multinational electricity and gas utility company headquartered in Warwick, United Kingdom. Its principal activities are in the United Kingdom and Northeastern United States.

COMCAST CORP
US20030N1019

Comcast Corporation is an American multinational telecommunications and media conglomerate headquartered in Philadelphia. Revenue is the largest media corporation in the world. Within the US, the second largest pay TV operator, the largest cable television operator, is the largest Internet service provider and the third largest provider of telephone services.


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