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Prémiový dluhový cenný papír TRANSATLANTIC AUTOCALL


ISIN:
XS2004274598

Date: 2021/10/20 11:44:00
Bid Ask
95.74 -
Difference 0.33% (0.32)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueDE
Current coupon4.000%
Coupon stylevariable
Coupon payment date2022/04/09
Coupon payment periodannually
Yield to maturity p.a. (before capital gains tax)-
Value date2021/04/09
Maturity2024/04/09
Repayment value0.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest217.78
Investor tolerance4 (scale 1-7)
Last trading day2024/04/01

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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 PDCP TRANSATLANTIC AUTOCALL offer?

  • Possibility to obtain an attractive total yield of up to 12% in three years.
  • Fixed yield of 4% p.a. from its nominal value is paid out annually regardless of the trend of the underlying assets for the duration of PDCP TRANSATLANTIC AUTOCALL, thus until the early maturity date or the maturity date (as at  7 April 2022, 11 April 2023, 9 April 2024).
  • PDCP TRANSATLANTIC AUTOCALL can be automatically repaid early already after the first year of its duration or at any of the following annual observations if at the observation date the underlying indices are on or above the valid barrier for early repayment.  
  • Interesting 49% barrier level of the initial value (see Note 2) of both underlying indices.
  • Barrier for automatic early repayment decreasing over in time: 100% (after a year), 90% (after two years) and 80% (in the last year) works effectively as an additional protection mechanism.
  • PDCP TRANSATLANTIC AUTOCALL is issued in Czech crowns, the investor does not bear the currency risk.

  • Electronic version of the Basic Prospectus is published on the website of the Luxembourg Stock Exchange https://www.bourse.lu/programme/
    Programme-GolSachsIntl/14550
    or on www.investicnicentrum.cz/prospekty.
  • Electronic version of the Notification of Key Information is published on the website http://www.gspriips.eu or you can find it on the investment portal www.investicnicentrum.cz
  • PDCP TRANSATLANTIC 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 TRANSATLANTIC AUTOCALL at the maturity date depends on the market rate trend of the underlying indices EURO STOXX 50® and S&P 500®.
  • If for the duration of PDCP TRANSATLANTIC AUTOCALL the price of some of the underlying  indices falls below the 49% barrier of their initial value (see Note 2)  and at the same time the closing value of both underlying indices shall not be equal or higher than 80% of their initial value (see Note 2), the investor shall lose more than 20% of the invested money.   
  • The PDCP TRANSATLANTIC AUTOCALL holder bears the credit risk of the issuer and guarantor.
  • PDCP TRANSATLANTIC AUTOCALL is subject to English law. 
  • Issuer: Goldman, Sachs & Co. Wertpapier GmbH
  • Guarantor: Goldman Sachs Group, Inc. (Moody's A2 / Standard & Poor's BBB+ / Fitch A)
  • Underlying indices: EURO STOXX 50® and S&P 500®
  • Subscription period: 1 March 2021 (9:00) – 31 March 2021 (16:00)
  • Date of fixing the initial value of indices: 31 March 2021
  • Date of fixing the closing value of indices: 2 April 2024
  • Dates of possible automatic early repayment: 7 April 2022, 11 April 2023
  • You will find the observation dates and comparative values in the leaflet
  • Barrier for the nominal value payout of PDCP TRANSATLATNIC AUTOCALL: 49% of the fixed initial value of the underlying indices, daily observation of closing values
  • Product costs valid at the subscription starting date: (You will find the precise expression of product costs in the PDCP TRANSATLANTIC AUTOCALL Subscription Instruction) 1.04% p.a.

Description

PDCP TRANSATLANTIC AUTOCALL with the option of automatic early repayment provides the opportunity to gain an attractive annual yield of 4% (see Note). The total yield for its three-year duration can then reach up to 12%.

The payout of the nominal value of PDCP TRANSATLANTIC AUTOCALL is based on the price trend of two key share indices: EURO STOXX 50® and S&P 500® which include largest publicly traded European and American companies. In addition, the construction of PDCP TRANSATLANTIC AUTOCALL allows its early repayment even in case of a slight decrease or stagnation of the underlying indices. PDCP TRANSATLANTIC AUTOCALL 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 TRANSATLANTIC AUTOCALL work?

  • Return of the PDCP TRANSATLANTIC AUTOCALL nominal value depends on the market rates trend of EURO STOXX 50® and S&P 500® share indices. 
  • Initial value (see Note 2) of EURO STOXX 50® and S&P 500® underlying indices shall be fixed on 31 March 2021.
  • Observation of the trend of EURO STOXX 50® and S&P 500® indices will be carried out from 1 April 2021 until 2 April 2024 (the daily closing prices of indices are decisive).
  • Yield of 4% p.a. of the PDCP TRANSATLANTIC AUTOCALL nominal value is paid out annually for its duration and is always paid out, i.e. regardless of the trend of the underlying indices.  
  • Barrier is fixed at the level of 49% of the fixed initial value (see Note 2) of the underlying indices, touching the barrier does not mean breaking it. 
  • For its duration PDCP TRANSATLANTIC AUTOCALL can be automatically paid out early once a year, if the value of both underlying indices at the observation date will be equal or higher than the comparative value of the underlying index at the relevant observation date.  
  • If the automatic early repayment condition is not met, the investor will receive 4% annual yield of its nominal value and PDCP TRANSATLANTIC AUTOCALL continues to the next date of possible repayment. 
  • If PDCP TRANSATLANTIC AUTOCALL is automatically repaid early, the investor shall receive 100% of its nominal value and an annual yield of 4% of its nominal value. 
  • If the automatic early repayment is not made and during observation the value of some  underlying index (daily closing price) never falls below the barrier of 49% of its initial value (see Note 2), 100% of PDCP TRANSATLANTIC AUTOCALL nominal value and the last fixed yield of 4% p. a. of its nominal value shall be paid out at the maturity date.
  • If the automatic early repayment is not made and during observation the value of some underlying index (daily closing price) falls below the barrier of 49% of its fixed initial value (see Note 2), but on the last observation date the value of both underlying indices will increase to or above 80% of their initial value (see Note 2) then 100% of PDCP TRANSATLANTIC AUTOCALL nominal value and the last fixed yield of 4% of its nominal value shall be paid out at the maturity date.

You will find more information and examples in the leaflet

Settlement

  • Maturity shall be on 9 April 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 TRANSATLANTIC AUTOCALL pays out potential yields in a lump sum at its early or regular maturity date, the consolidated interest is not claimed.
Note 2: The initial value will be calculated for the EURO STOXX 50® and S&P 500® indices provider based on the closing prices of the underlying assets on the relevant stock exchanges on 31 March 2021. 
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

EURO STOXX 50
EU0009658145

EURO STOXX 50® is Europe’s leading stock index which includes 50 of the biggest companies with the highest liquidity in Eurozone countries across all important sectors. Among the most important companies are Total (oil and natural gas), Linde (chemical industry), ASML, SAP (IT), LVMH, L’Oreal (consumer goods), Sanofi (healthcare) and Siemens (industrial goods and services).

S&P 500
US78378X1072

The S&P 500® stock index includes 500 of the most successful American companies across all sectors. It includes key companies such as: Microsoft, Apple, Intel, Cisco (IT), Johnson & Johnson, Merck, Pfizer, Moderna (healthcare), Amazon, Walmart Procter & Gamble, Coca Cola, PepsiCo (consumer goods), Google, Facebook, Verizon, AT&T (telecommunication), Berkshire Hathaway, JPMorgan Chase, Bank of America, Citigroup (finance) and other. This extensive global diversification across sectors can bring an interesting potential.


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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