|Date: 2024/02/23 10:10:00
|Type of bond
|Structured bonds and notes
|Country of issue
|Coupon payment date
|Coupon payment period
|Yield to maturity p.a. (before capital gains tax)
|6 (scale 1-7)
|Last trading day
|Details you should be aware of
What does the PDCP CHEMICALS AUTOCALL offer?
Please note that the target market of this investment instrument is listed below. If you do not meet any of the listed parameters, you may be outside the specified target market!
The target market defines the set of investors (retail clients) for whom the investment product is intended.
This investment product is intended for investors who:
This product is not intended for investors (negative product target market) who are unable to bear the possible loss of invested funds in the event of an unfavorable development of the investment.
You will find more information in the leaflet.
PDCP CHEMICALS AUTOCALL with the option of automatic early repayment provides an opportunity to gain an attractive annual yield of 16% (see Note). The total yield for its three-year duration may then reach up to 48%.
The payout of both potential yield and nominal value of the PDCP CHEMICALS AUTOCALL is derived from the price trend of shares of three significant companies focusing on the chemical industry – Albemarle, Linde and Nutrien. PDCP CHEMICALS AUTOCALL moreover enables its early repayment during growth and limited decline of the underlying shares already after the first year of its duration.
The chemical industry significantly contributes to the development of the global economy. It provides key deliverables to other industrial sectors such as engineering, construction industry, consumer industry and is also a crucial supplier for agriculture. Erste Bank Group analysts positively rate the future prospects of all three monitored companies Albemarle, Linde and Nutrien.
You will find more information in the leaflet.
How does the PDCP CHEMICALS AUTOCALL work?
You will find the principle of additional protection mechanism and examples in the leaflet.
Note: PDCP CHEMICALS AUTOCALL pays out potential yields in a lump sum at its early or regular maturity date, the consolidated interest bearing is not claimed.
Note 2: The initial value will be calculated based on the closing prices of the underlying shares on 15 December 2022.
Note 3: You will find the precise expression of product costs in the PDCP CHEMICALS AUTOCALL Subscription Instruction.
Note 4: Product risk weight is on 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 PDCP CHEMICALS AUTOCALL until the maturity date. The real risk may significantly differ in case you sell the product prematurely.
|Albemarle Corp is a leading American company producing specialty chemicals and is headquartered in Charlotte, North Carolina. The origins of this company date back to 1887, when it focused above all on the production of Kraft and blotting paper. Currently this major producer of chemicals offers an extensive portfolio of products such as plastics, polymers, elastomers, cleaning products, photographic chemicals or agricultural fertilisers. Its innovative products are used in a variety of industrial branches such as construction industry, pharmacy, consumer electronics, automotive, etc. Albemarle is also a major producer of lithium, which is widely used in the production of various types of electric batteries. The increasing demand for lithium is due to the current boom of electromobility, which can bring interesting potential. Albemarle employs more than 5,000 people in 100 countries worldwide.
|Linde PLC – the history of this multinational German company began as far back as 1879, when Carl von Linde founded an enterprise specialising in the development and production of refrigeration equipment. Nevertheless, its major role was always the production of industrial gases. The product portfolio is enhanced by the crucial production of medicinal gases, which hold an irreplaceable role in healthcare. Linde is also one of the biggest producers of hydrogen which is ranked among alternative sources of energy. It enables customers to make their production more effective and reduce the environmental burden in various areas of business. The company employs about 72,000 people in more than 100 countries worldwide.
|Nutrien Ltd – this Canadian company, specialising in the production of chemicals used in agriculture, is headquartered in Saskatoon in the Canadian province of Saskatchewan. It is the biggest producer of potash and the third biggest producer of nitrogen fertilisers in the world. Potash (potassium carbonate) is used as a fertiliser in agriculture, but is also widely used in industry, for example, in the production of glass and soap. It is an ingredient of washing powders and also of pharmaceuticals. Nutrien annually supplies over 27 million tons of potash, nitrogen and phosphates, endeavouring to support and cope with the high demands on yields of agricultural production, which is rising significantly in view of the world’s growing population. The company employs more than 23,000 people worldwide.
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