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Prémiový dluhový cenný papír NORDIC AUTOCALL 2


ISIN:
XS2403879054

Date: 2022/05/27 00:00:00
Bid Ask
85.93 -
Difference 0.97% (0.83)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueDE
Current coupon-
Coupon stylevariable
Coupon payment date2025/02/14
Coupon payment periodat maturity
Value date2022/02/14
Maturity2025/02/14
Repayment value0.00
CurrencyCZK
Nominal value10,000
Accrued Interest-
Investor tolerance6 (scale 1-7)
Last trading day2025/02/07

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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 PDCP NORDIC AUTOCALL offer?
  • Possibility to obtain an attractive yield of up to 30% in 3 years.
  • PDCP NORDIC AUTOCALL 2 can be automatically repaid early already after the first year of its duration  or the following year if at the observation date the individual underlying shares are at or above the valid barrier for early repayment.
  • Attractive barrier level of 55% of the initial value (see Note 2) of the individual underlying shares for payout of the yield and of the nominal value of PDCP NORDIC AUTOCALL 2 at the date of fixing the closing value of individual underlying shares. 
  • Additional protection mechanism for payout of the nominal value of PDCP NORDIC AUTOCALL 2 at its maturity date. 
  • Barrier for automatic early repayment is decreasing over in time: 90% (after a year), 80% (after two years).
  • PDCP NORDIC AUTOCALL 2 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 https://www.goldmansachs.com or on www.investicnicentrum.cz/prospekty.
  • Notification of Key Information is published on the website https://www.gspriips.eu or you can find it on the investment portal www.investicnicentrum.cz. 
  • PDCP NORDIC AUTOCALL 2 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 NORDIC AUTOCALL 2 at the maturity date is not ensured because it depends on the development of market rate of the underlying shares – Norsk Hydro, Assa Abloy and Maersk. 
  • If at the date of fixing the closing value of the underlying shares the price of at least one of the underlying shares falls below 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 100% of their initial value, no yield will be paid out at the maturity date and the holder of PDCP NORDIC AUTOCALL 2 will lose more than 45% of the invested money.
  • The holder of PDCP NORDIC AUTOCALL 2 bears the issuer´s and guarantor´s credit risk. 
  • PDCP NORDIC AUTOCALL 2 is subject to English law. 
  • The holder of PDCP NORDIC AUTOCALL 2 is not entitled to a dividend payout from underlying shares.
  • Issuer: Goldman, Sachs & Co. Wertpapier GmbH 
  • Guarantor: The Goldman Sachs Group, Inc. (S&P's BBB+ / Moody's A3 / Fitch A)
  • Underlying shares: Norsk Hydro, Assa Abloy, Maersk
  • Subscription period: 17 January 2022 (9.00)–7 February 2022 (16.00)
  • You will find the date of fixing the initial and closing value of the shares, the dates of observation and the dates of possible automatic repayment in the leaflet. 
  • Barrier for the payout of the PDCP NORDIC AUTOCALL 2 nominal value: 55% of the fixed initial value of each individual underlying share at the date of fixing the closing value of each individual underlying share. 
  • Information on the amount of product costs is published in the Notification of Key Information, you will find the precise expression of the product costs in the Instruction for Purchase.

Description

PDCP NORDIC AUTOCALL 2 with the option of automatic early repayment provides opportunity to gain an attractive annual 10% yield (see Note 1). The total yield for its three-year duration may then reach up to 30 %.
 
The payout of yield and nominal value of PDCP NORDIC AUTOCALL 2 is derived from the price development of shares of three significant multinational companies – Norsk Hydro, Assa Abloy and Maersk. Norsk Hydro is a world leader in bauxite mining and aluminium production. Assa Abloy is a leading manufacturer of doors, including their mechanical and electro-mechanical opening and entrance systems. Maersk has been providing transport and logistics services for more than 100 years. These selected Scandinavian companies offer an interesting potential for long-term growth.
 
You will find more information in the leaflet 
 

Payment notes

How does PDCP NORDIC AUTOCALL 2 work?
  • The payout of the yield and nominal value of PDCP NORDIC AUTOCALL 2 depends on the development of market rate of shares of companies such as Norsk Hydro, Assa Abloy and Maersk.
  • For its duration PDCP NORDIC AUTOCALL 2 can be automatically paid out early once a year, if the value of each individual underlying share at the observation date equals or is higher than the comparative value of the underlying share at the relevant observation date.  
  • If the automatic early repayment condition is not met, PDCP NORDIC AUTOCALL 2 continues to the next date of possible repayment. 
  • If PDCP NORDIC AUTOCALL 2 is automatically repaid early, the investor shall receive its nominal value and a 10% yield for each year that elapsed since the issue date. Entitlement to later annual yields ends with early repayment.
  • 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 its initial value, the nominal value of the Premium Bond and the total 30% yield (equivalent of three annual 10% yields (see Note 1) 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 below the barrier of 55% of its initial value and at the same time the closing value of any of the remaining shares shall not be equal or higher than 100% of its initial value, the payout of the nominal value of PDCP NORDIC AUTOCALL 2 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 more information and examples in the leaflet 
 

Settlement

  • The maturity date shall be on 14 February 2025
  • 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 redemption: 2% of the transaction volume 
  • Price at subscription: 100%, without fee 
  • Liquidity: daily according to current market prices published in the Exchange Rate List of Česká spořitelna, a.s.
-----------------------------------------
Note 1: PDCP NORDIC AUTOCALL 2 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 by the provider based on the closing prices of the underlying assets on 
 7 February  2022.

Note 3: The 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

ASSA ABLOY AB SER. B
SE0007100581
This Swedish conglomerate literally opens doors. Assa Abloy was established in 1994 with the merger of two companies, Swedish Assa and Finnish Abloy. It offers a broad range of doors, including their mechanical and electro-mechanical opening and entrance systems. The portfolio of this company includes 190 quality brands such as FAB (locks), YALE (smart locks) and HID (authentication devices) etc. In daily life we can find its products and services in schools, hotels, airports, hospitals, administration buildings or residential quarters. Assa Abloy holds the position of world leader in its operations. It sells its products and services in 70 countries, including the Czech Republic and employs more than 50,000 people.
A.P. MOLLER-MAERSK B
DK0010244508
This Danish global company was founded on 16 April 1904 and is based in Copenhagen. It has been providing its transport and logistics services for more than 100 years now. As of 1993 it is one of the biggest international operators of container shipping in the world. The company’s current strategy focuses above all on the delivery of complex (end-to-end) services with emphasis on minimising environmental burdens. Its timeless logo is easy to recognise according to the typical white seven-point star on a blue background which has been part of the company since its very beginnings. It currently operates in about 130 countries and employs more than 80,000 people.
Norsk Hydro
NO0005052605
It is the Norwegian global leader engaged above all in the production of aluminium. It ranks among the biggest world producers with European market orientation. Aluminium can be considered a basic element of daily life for its diverse uses. It is used above all in the automotive, transport and construction industry etc. The company covers an extensive spectrum of activities ranging from the mining of bauxite to its processing and sale. Norsk Hydro also specialises in the generation of power from renewable resources – operating 15 hydro-electric power plants. It operates in 50 countries on all continents and employs more than 34,000 people.

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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