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Prémiový dluhopis GLOBAL 2


ISIN:
XS2544213916

Date: 2023/09/27 10:45:00
Bid Ask
96.91 -
Difference -0.59% (-0.57)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueLU
Current coupon-
Coupon stylevariable
Coupon payment date2027/04/20
Coupon payment periodat maturity
Value date2023/04/24
Maturity2027/04/20
Repayment value100.00
CurrencyCZK
Nominal value10,000
Accrued Interest-
Investor tolerance3 (scale 1-7)
Last trading day2027/04/13

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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 GLOBAL 2?

  • Interesting potential yield of up to 40% for its duration.
  • 125% participation in regularly observed development of the underlying asset – in the MSCI World Index.
  • Regular observation of the underlying asset. The final yield is calculated as 125% participation in the average performance of the observed underlying asset however the maximum amount for the payout is limited by the top limit of 140% of the nominal value of PD GLOBAL 2.
  • Even if the price of the underlying asset falls, thanks to the guarantee a minimum of 100% of the nominal value (see Note) of PD GLOBAL 2 is paid out at the maturity date.
  • Quick availability of funds. You can sell PD GLOBAL 2 under standard conditions on the market through Česká spořitelna at any time before maturity for the market price. However, in such a case the price may fluctuate even below the limit of 100% of its nominal value and the investor realises a loss. The guarantee of the payout of a minimum of 100% of its nominal value (see Note) applies only to the maturity date.
  • PD GLOBAL 2 is issued in Czech crowns and the investor does not bear the currency risk.

  • Electronic version of the Prospectus is published at https://www.bourse.lu/programme/Programme-Citigroup/14557, or on www.investicnicentrum.cz/prospekty. 
  • Notification of Key Information which is available at https://keyinformationdocuments.citi.com on the investment portal of Česká spořitelna www.investicnicentrum.cz.
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:
  • have sufficient knowledge and/or experience regarding bonds.
  • seek investment profit
  • are able to accept a level of risk that is in accordance with the risk indicator of the product specified in General attributes.
  • In the event of an unfavorable development of the investment, they are able to bear the possible loss, which is ilustrated by performance scenarios, see Key Information Document (KID).
  • are interested in holding the product until the maturity specified in General attributes.
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  • The holder of PD GLOBAL 2 bears the credit risk of the issuer and guarantor. The payout of 100% of its nominal value depends on the issuer being able to meet its commitments tied to PD GLOBAL 2 in case of insolvency or due to an administrative measure, or on your decision to sell PD GLOBAL 2 before its maturity date. You may end up losing the entire invested amount.
  • Be aware of the risk of inflation. Investors should be aware that the fair value of the investment, including any real yield, may fall with regard to how the inflation reduces its value.
  •  The calculation formula of the value at maturity: 100% of the nominal value of PD GLOBAL 2 + participation of 125% × (average value of 4 observations of the underlying asset/initial value – 1), minimum of 100% (see Note), maximum of 140%
  • You will find more information in the leaflet.

    Description

    Interesting yield potential of up to 40% in four years with a return of a minimum of 100% of the nominal value of (see Note) PD GLOBAL 2 at its maturity date.  
     
    The strength of the global economy affects the general prosperity of a company. You can share in it thanks to Prémiový dluhopis GLOBAL 2, whose yield depends on the development of the MSCI World Index. This is one of the most observed equity indexes in the world, as it reflects the development of global stock markets. Currently it includes about 1,500 stock title (shares) from 23 advanced countries. In terms of the regional structure, currently the most represented shares in the index are of American companies (68.8%), followed by Japan (6.1%), Great Britain (4.4%), Canada (3.4%) and France (3.6 %). The broad diversification of the index is also ensured by its sectoral distribution. Among others, it contains the IT sector (21.3%), healthcare (13.3%), financial sector (14.6 %), industry (10.7%), cyclical consumer goods (10.7%), non-cyclical consumer goods (7.5%) or communication (6.6%). The choice of stock titles (shares) and review of individual weights takes place based on the market capitalisation of companies twice a year, whereas the index composition is revised on a quarterly basis. This globally focused price index was launched on 31 March 1986 and its long-term average performance is 7.95% p.a. 

    • Issuer: Citigroup Global Markets Funding Luxembourg S.C.A. (S&P‘s A+ / Moody‘s A1 / Fitch A+)
    • Guarantor: Citigroup Global Markets Limited (S&P‘s A+ / Moody‘s A1 / Fitch A+)
    • Underlying asset: MSCI World Index
    • Subscription period: from 21 March 2023 (9.00 am) to 17 April 2023 (23.59 pm)
                    
    You will find more information in the leaflet.

    Payment notes

    How PD GLOBAL 2 works
    • The final yield of the four-year PD GLOBAL 2 depends on the development of the global MSCI World Price Index.
    • On 17 April 2023 the initial value of the underlying asset is determined.
    • The underlying asset is observed annually. Each year its value is recorded on the observation date.
    • The average value of the underlying asset is calculated from these four values obtained during the observation.
    • This is compared with its initial value.
    • The total amount of the payout at maturity is calculated: 100% of the nominal value of PD GLOBAL 2 + participation of 125% × (average value of 4 observations of the underlying asset/initial value – 1), however a minimum of 100% (see Note) and a maximum of 140%.
    • Even if the price of the underlying asset falls, thanks to the guarantee a minimum of 100% of the nominal value (see Note) of PD GLOBAL 2 is paid out at maturity.
    • For the duration period of PD GLOBAL 2 its price may fall even below 100% of its nominal value with regard to the development of the underlying asset and market conditions.
    • The maximum yield amount is fixed at 40% of the nominal value of PD GLOBAL 2 for the period of its duration, i.e. for 4 years.
    • The regular annual observation and averaging of the obtained values of the index partly protects the investor from any sharp fall of prices of the observed underlying asset just before maturity. The total yield not only depends on the final value of the observed underlying asset, but also on the ongoing value of the underlying asset of PD GLOBAL 2 on observation dates in previous years. However, regular observations can also reduce the final yield (if, for example, the underlying asset increases just before maturity).

    You will find examples of scenarios at maturity in the leaflet.

    Settlement

    • The maturity of Prémiový dluhopis is 20 April 2027
    • The yield and nominal value is paid out by Česká spořitelna
    • The settlement of the buying and selling of Prémiový dluhopis takes 3 working days

    Secondary market

    • Minimum purchased amount: 1 piece
    • Selling price: 100%, no fee
    • Liquidity: daily according to current market prices, indications in the Česká spořitelna, a. s. Exchange Rate List
    • Price for early redemption: according to the current Price List (balance at the bond issue date: 2% of the transaction volume)
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    Note: A 100% payout of the nominal value depends on the issuer being able to meet its commitments tied to PD GLOBAL 2 in case of insolvency or due to an administrative measure, as well as whether you keep PD GLOBAL 2 until the maturity date. If you decide to sell PD GLOBAL 2 before its maturity, there is no guarantee that you will receive 100% of the nominal value.
    Note 2: The risk weight is on a scale of increasing values from 1 to 7, where value 1 is the potentially lowest risk and yield, and value 7 the potentially highest risk and yield, provided that you keep PD GLOBAL 2 until the maturity date. The actual risk may differ substantially if you sell prematurely. The risk weight of the product is a guideline for comparing the rate of risk of PD GLOBAL 2, in comparison with other products. It shows how likely it is that you will lose money as a consequence of stock market movements or that the issuer is unable to meet its commitments.
    Note 3: You will find the exact expression of product costs in the PD GLOBAL 2 Subscription Instruction.

    Underlying


    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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