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Prémiový dluhopis MULTI 13


ISIN:
XS2120894279

Date: 2020/07/16 00:00:00
Bid Ask
96.02 -
Difference -0.37% (-0.36)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueLU
Current coupon0.000%
Coupon stylevariable
Coupon payment date2025/07/01
Coupon payment periodat maturity
Yield to maturity p.a. (before capital gains tax)-
Value date2020/07/01
Maturity2025/07/01
Repayment value100.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest0.00
Investor tolerance1 (scale 1-7)
Last trading day2025/06/23

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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

Why buy Prémiový dluhopis MULTI 13?

  • Interesting yield potential of up to 30% for its duration.
  • 100% participation in a regularly observed trend of a broadly diversified underlying asset – the Global Multi Asset Strategy EUR index.
  • Regular observation of the underlying asset. The resulting yield is calculated as 100% participation of the average annually fixed values of the observed underlying asset.
  • Even with a greater fall in the underlying asset at least 100% of the PD MUTLI 13 nominal value (see Note) is always paid out at maturity thanks to the guarantee.
  • Fast availability of funds. You can sell the PD MULTI 13, subject to standard market conditions, through Česká spořitelna at any time before maturity, for the market price shown in the Exchange Rate List of Česká spořitelna. However in such a case the price may fluctuate even below 100% of its nominal value. The payout guarantee of a minimum of 100% of its nominal value (see Note) applies to payout at maturity.
  • PD MULTI 13 is issued in Czech crowns, the investor does not bear the currency risk.

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Note: The disbursement of the guaranteed amount depends on the ability of the issuer and guarantor to meet its commitments arising from the guarantee.

  • The Premium Bond PD MULTI 13 guarantees a return on the entire invested amount. The PD MULTI 13 guarantees a return of a minimum 100% of its nominal value (see Note) at the maturity date.
  • The guarantee does not apply in situations when the issuer fails or if you sell the Premium Bond before its maturity.
  • The Premium Bond holder bears the issuer´s and the guarantor´s credit risk.
  • 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 product is subject to English law.
  • The prices are given as the percentages of the nominal value. The buying price means the client is selling, the selling price means the client is buying.
  • Issuer: SG Issuer
    Underlying: Global Multi Asset Strategy EUR Index
    Subscription period: 08/06/2020 (9.00)–24/06/2020 (16.00)
  • Participation: 100% in a regularly observed trend of the underlying asset
  • Guarantee: 100% of the PD MULTI 13 nominal value at the maturity date (see Note)
  • Maximum payout: 130% of the PD MULTI 13 nominal value
  • Selling price: 100%, free of charge
  • Formula for calculating the value at maturity: 100% of the PD MULTI 13 + 100% participation  x (average value from 5 observations of the underlying asset/initial value – 1), minimum 100%, maximum 130%
  • Underlying asset initial value fixing date: 24 June 2020
  • Observation: annual, always at 24 June , with the convention of the following working day
  • Last observation: 24 June 2025
  • Product costs valid at the issue date: 0.46%, p.a. (You will find the exact expression of product costs in the PD MULTI 13 Issue order.).
  • Price for the provision of early redemption: 2% of the transaction volume
  • Minimum investment : 1 piece

Description

Every rationally thinking person looks for ways to get the most effective return on his money. For many it is then important to know in advance how the investment may grow and, most of all, what is its yield potential and the market risk he takes. If these parameters are also important to you then you might be interested in investing in Prémiový dluhopis MULTI 13 (PD MULTI 13). The five-year PD MULTI 13 is designed for clients who do not require regular disbursements of the yield, but prefer growth of their investment depending on the trend in capital markets.

An interesting yield potential of up to 30% in five years with a minimum 100% return on the nominal value (see Note) of the PD MULTI 13 at its maturity date.

The global “multi asset” investment strategy uses a broad spectrum of underlying assets ranging from bonds, shares to commodities and applies a flexible approach to the management of the market risks taken and the yield potential. This complex investment method is used for the PD MULTI 13, whose yield depends on the trend of Global Multi Asset Strategy EUR index.
Please, find more information in the leaflet.

Payment notes

How does the Prémiový dluhopis MULTI 13 work?

  • The yield of the five-year PD MULTI 13 depends on the trend of global Global Multi Asset Strategy EUR.
  • The initial value of the underlying asset shall be determined on 24 June 2020.
  • The underlying asset is observed annually. Each year its value is recorded on the observation day.
  • The average value of the underlying asset is calculated from these 5 values acquired during observation. This is then compared to its initial value.
  • The total amount of the payout at maturity is calculated: 100% of the nominal value of the PD MULTI 13 + participation 100% x (average value of 5 observations of the underlying asset/initial value – 1).
  • Even with a greater fall in the underlying asset at least 100% of the PD MULTI 13 nominal value (see Note) is always paid out at maturity thanks to the guarantee.
  • For the duration of the PD MULTI 13 its price may fall even below 100% of its nominal value with regard to the trend in the underlying asset and market conditions.
  • The maximum amount of the premium is fixed at 30% of the Premium Bond nominal value for the duration of the PD MULTI 13, i.e. for 5 years.
  • Regular annual observation and averaging of the acquired index values partly protect the investor from any sharp fall of the prices of the observed underlying asset just before maturity. The total yield does not depend only on the closing value of the observed underlying asset, but on the continuous value of the underlying asset throughout the duration of the PD MULTI 13. However regular observation can also reduce the resulting yield (if for example there is a rise in the underlying asset just before maturity).

You will find examples of scenarios at maturity in the leaflet

Settlement

  • Maturity of the Premium Bond is 1 July 2025
  • Česká spořitelna pays out the yield and the nominal value
  • Liquidity: daily according to current market prices in the Exchange Rate List of Česká spořitelna, a.s.
  • It takes three working days to settle the buying and selling of the Premium Bond

Secondary market

  • Minimum purchased amount: 1 piece
  • The Premium Bond can be sold even before the maturity date for the price in the Česká spořitelna Exchange Rate List which you will find here at the Investment Centre/Exchange Rate Lists

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Note: The disbursement of the guaranteed amount depends on the ability of the issuer and guarantor to meet its commitments arising from the guarantee.

Note 2.: Product risk rate weight is on a scale from 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 the maturity date. The real risk may substantially differ, if you sell the product prematurely. The product risk-weight is a guide for comparing the rate of risk in comparison with others. 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 out the money.

 


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