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Prémiový dluhový cenný papír SWISS AUTOCALL


ISIN:
XS1925445642

Date: 2019/11/14 00:00:00
Bid Ask
103.99 -
Difference -0.03% (-0.03)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typecorporate
Country of issueCH
Current coupon0.000%
Coupon stylevariable
Coupon payment date2022/03/01
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2019/03/01
Maturity2022/03/01
Repayment value0.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance5 (scale 1-7)
Last trading day2022/02/21

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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 SWISS AUTOCALL offer?

  • Possibility to obtain an attractive yield of up to 19.8% in 3 years.
  • The Premium Bond can be automatically repaid early together with the payout of an interesting yield of 6.6% (see Note) already after the first year or with a yield of 13.2% after the expiry of two years.
  • Interesting barrier of 55% of the initial value of the individual underlying shares for payout of the yield and also of the nominal value of the Premium Bond at its maturity date.
  • Barrier for automatic early repayment decreasing over in 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 the currency risk.
  • Electronic version of the Basic 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/ or you can find it on the investment portal www.investicnicentrum.cz.

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

  • The product 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 credit risk.
  • The total yield is paid out in a single sum for the real duration of the product 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 value of any remaining shares shall not be equal or higher than their initial values, no yield shall be paid out at the maturity date and the Premium Bond holder shall lose more than 45% of the invested money.
  • If you make use of an investment consultancy portfolio, ask your banker or investment specialist to assess whether this product should become part of your investment portfolio.
  • The product is subject to English law.
  • Issuer: Credit Suisse AG (S&P's A / Moody's A1 / Fitch A)
  • Underlying shares: Nestlé SA, Novartis AG and Compagnie Financière Richemont SA
  • Subscription period: 28 January 2019 (9.00) – 22 February 2019 (16.00)
  • Price at subscription: 100%, free of charge
  • Minimum investment: 1 piece
  • Issue date: 1 March 2019
  • Date of fixing the initial value of shares: 22 February 2019
  • Date of fixing the closing value of shares: 22 February 2022
  • Dates of possible automatic early repayment: 2 March 2020, 1 March 2021
  • Comparative values for automatic early repayment: see the leaflet
  • Barrier for payout of the nominal value at the date of its maturity: 55% of the fixed initial value of each individual underlying share at the date of fixing the closing value of each individual underlying share
  • Price for the provision of early redemption: 2% of the transaction volume
  • Distributor´s costs valid at the issue date: about 0.7% p.a., you will find the precise expression in PDCP SWISS AUTOCALL Purchase Agreement
  • Issuer´s costs valid at the issue date: you will find the precise expression in the Notification of Key Information

Description

Are you looking for an interesting investment opportunity in high quality companies? Do you want to participate in the development of shares of successful Swiss companies operating globally? Do you trust the force and long-term growth potential of Swiss multinational companies but nevertheless fear of higher price fluctuation of their shares? If you rank among more experienced investors, then you may be interested in investing in three-year Prémiový dluhový cenný papír SWISS AUTOCALL (PDCP SWISS AUTOCALL).

Prémiový dluhový cenný papír SWISS AUTOCALL with the option of automatic early repayment provides opportunity to gain an attractive annual yield of up to 6.6% (see Note).

The payout of the yield and nominal value of the Prémiový dluhový cenný papír SWISS AUTOCALL is derived from the price development of shares of three significant Swiss companies such as Nestlé, Novartis and Richemont.
In addition, the Prémiový dluhový cenný papír SWISS AUTOCALL allows the early repayment as soon as after the first year of its duration and then subsequently every year of its duration until its maturity date. 
The Swiss economy is one of the most developed in the world, ranking with its GDP among 10 of the most powerful world economies in the long-term. Companies classified as underlying assets of the PDCP SWISS AUTOCALL belong among the major players in their fields on a global scale. A significant amount of their income comes from foreign non-European markets so they are not dependent only on the domestic economy.

Payment notes

How does the Prémiový dluhový cenný papír SWISS AUTOCALL work?

  • The payout of the yield and nominal value of the Premium Bond depends on the trend of shares of companies such as Nestlé, Novartis and Richemont.
  • For its duration the Premium Bond can be automatically paid out early each year, if the value of each individual underlying share at the monitoring date equals or is higher than the comparative value of the underlying share at the relevant monitoring date. 
  • If the automatic early repayment condition is not met, the Premium Bond continues to the next date of possible repayment.
  • If the Premium Bond is automatically repaid early, the investor shall receive its nominal value and a yield of 6.6% (see Note) for every year which 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 individual underlying shares the price of any of the shares does not fall below the barrier of 55% of their initial value, the nominal value of the Premium Bond and the total yield of 19.8% (equivalent of three annual yields of 6.6% (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 bellow the barrier of 55% of its initial value and at the same time the closing value of any of the remaining shares will not be equal or higher than their initial values, the payout of the nominal value of the Premium Bond at the maturity date shall be 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 shall lose more than 45% of his investment and no yield shall be paid out to him.
    You will find an EXAMPLE in the leaflet
  • Principle of  an additional protection mechanism:
  • If the automatic early repayment is not made and at the date of fixing the closing value of individual underlying shares the price of at least one of the underlying shares falls bellow the barrier of 55% of its initial value but at the same time the closing value of at least one of the shares equals or is higher than its initial value, the nominal value of the Premium Bond shall be paid out at the maturity date but no yield shall be paid.
    You will find an EXAMPLE in the leaflet

Settlement

  • The maturity date shall be 1 March 2022

Secondary market

  • minimum purchased amount: 1 piece
  • Liquidity: daily according to market prices published in the Exchange Rate List of Česká spořitelna, a.s.

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Note: Any potential yields from the Premium Bond 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

NESTLE SA
CH0038863350

This Swiss multinational company founded as far back as in 1866 was named after Swiss chemist Henri Nestlé. It is the biggest world food and drink producer. The company employs more than 320,000 people and operates over 410 production plants in 85 countries. Customers can buy its products in 190 countries and these come in a very wide range: baby food (Nestlé or Beba baby milk, Nestlé baby food), bottled water (e.g. Perrier), drinks (e.g. Granko, Caro, Nestea), cereals (e.g. Nestlé Fitness, Nesquik), coffee (e.g. Nescafé, Nespresso), confectionery (e.g. Orion, KitKat, dairy products, ice cream (e.g. Mövenpick, Häagen-Dazs, culinary products (e.g. Maggi) or pet food (e.g. Purina, Felix). Nestlé owns a total of more than 2,000 brands. In 2017 the revenues of this Swiss food giant amounted to almost 90 billion Swiss francs.

NOVARTIS AG
CH0012005267

One of the biggest and most respected companies in the world is based in Basel, Switzerland since 1996. It employs about 130,000 people globally and its products are sold in 155 countries. In 2017 the company’s revenues totalled almost 50 billion dollars. Novartis provides solutions for the evolving needs of patients worldwide and can boast of an extensive portfolio of healthcare products, including innovative medicines, products for ophthalmology and generics. It consists of three divisions: Novartis Pharmaceuticals, Alcon and Sandos. The Pharmaceuticals division includes more than 50 key products many of which are innovative leaders in their therapeutic areas (cardiology, ophthalmology, neurology and psychiatry, allergology, immunology and dermatology, oncology, cellular and gene therapy, diabetology).

COMPAGNIE FINANCIERE RICHEMONT SA
CH0210483332

A Swiss holding company which includes producers of luxury goods ranging from traditional watch manufacturers to jewellery, fashion, perfumes and other luxury accessories. Richemont builds its brand portfolio constantly and can boast of such “gems” as Cartier, Chloé, Montblanc, IWC, Alfred Dunhill or Van Cleef & Arpels. Richemont is trying to keep up with the times and is therefore reorganising the distribution of its products and is concentrating more on on-line sales. Millennials and Chinese are increasingly buying even luxury goods on the internet. This Swiss company wants to exploit this trend and is planning to gain control of e-shops with exclusive Yoox Net-a-Porter goods. The company’s revenues in the accounting year ending 31 March 2018 totalled almost 11 billion EUR. It holds 3rd place in the global Top Luxury Companies ranking.


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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