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Date: 2024/04/19 11:10:00
Bid	Ask
96.20	-
Difference	-0.28% (-0.27)

General attributes

Type of bond	Structured bonds and notes
Bond style	senior
Issuer type	financial institution
Country of issue	LU
Current coupon	-
Coupon style	variable
Coupon payment date	2028/02/22
Coupon payment period	at maturity
Value date	2023/02/22
Maturity	2028/02/22
Repayment value	0.00
Currency	EUR
Nominal value	1,000
Accrued Interest	-
Yield to maturity p.a. (before capital gains tax)	-
Investor tolerance	2 (scale 1-7)
Last trading day	2028/02/15

Basic bond documents (prospectuses, supplements,..)

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CZ Flyer
CZ Report

CZ Key Information Documents of structured bonds and notes

Scale: ABS REL Instrument

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Source: Česká spořitelna, a. s.

Advantages

Details you should be aware of

Why buy the Inflation Linked Bond / 2028 ?

The Inflation Linked Bond / 2028 is issued by one of the leading European financial services providers.
The one-off yield is derived from the total of five recorded year-on-year changes in eurozone consumer prices without tobacco products – measured by the Eurostat Eurozone HICP Ex Tobacco Unrevised Series NSA. This index measures the price trend of goods and services in the eurozone and enables to calculate a rate of inflation according to the rules applicable in the whole European Union. The monitored levels are recorded on an annual basis in November and the values are published at the end of December.
The minimum level of one-off yield is fixed at 5% for five years. (In case of a yearly change of the underlying index by less than +1 %, the minimum annual yield is fixed at 1%.)
Payout of 100% of the nominal value (see Note) as at the maturity date of the Inflation Linked Bond / 2028.
High liquidity. You can sell the Inflation Linked Bond / 2028 under standard conditions on the market through Česká spořitelna for the market price at any time before maturity. However, in such case the current price can fluctuate below the price the investor paid for the investment. This means the investor can suffer a loss. The guarantee of a 100% payout of its nominal value (see Note) applies only to the maturity date.

An electronic version of the Prospectus is published on the issuer’s website at http://prospectus.socgen.com/, or at www.investicnicentrum.cz/prospekty.

An electronic version of the Notification of Key Information is published on the website at https://regulatory.sgmarkets.com/
/priips/kid, or can be found on the investment portal at 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 structured products and shares.
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.

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.

The client's compatibility with the product's target market will be evaluated during the purchase process.

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The holder of the Inflation Linked Bond / 2028 bears the credit risk of the issuer, guarantor and currency risk. The 100% payout of its nominal value depends on the issuer’s ability to meet his commitments tied to the Inflation-Linked Bond / 2028 in case of insolvency or due to an administrative measure, and whether you keep the Inflation Linked Bond / 2028 to its maturity. If you decide to sell the Inflation Linked Bond / 2028 before its maturity date, there is no guarantee that you will receive the 100% nominal value.

Bear in mind the risk of inflation.

You will find more information in the leaflet.

Description

The Inflation Linked Bond / 2028 allows you to earn a one-off yield equal to the sum of five year-on-year changes of the harmonised index of consumer prices (Eurostat Eurozone HICP Ex Tobacco Unrevised Series NSA), however at least 5% for five years.

Société Générale is one of the leading European financial groups. It has been providing advisory and services to individual business and institutional clients in retail, corporate, investment and private banking for more than 150 years now. It operates in 66 countries, employs around 117,000 people and services about 25 million clients. One of the members of this major group is Komerční banka and also the issuer of this bond – SG Issuer SA.

Issuer: SG Issuer
Guarantor: Société Générale (Standard & Poor's A / Moody's A1 / Fitch A)
Initial underlying index value: 120,70 % (November 2022)
Minimum yield: 5 % in five years
Subscription period: from 23 January 2023 (9.00) to 15 February 2023 (23.59)

You will find more information in the leaflet.

Payment notes

One-off yield: the sum of five recorded year-on-year changes in eurozone consumer prices without tobacco products – measured by the Eurostat Eurozone HICP Ex Tobacco Unrevised Series NSA (year-on-year change = level of the given year/level of the previous year - 1)
Minimum yield: 5 % in five years

Settlement

The Inflation Linked Bond / 2028 maturity date is 22 February 2028
Česká spořitelna pays out the yield and the nominal value
It takes three working days to settle the buying and selling of the bond

Secondary market

Minimum investment: 1 pc
Subscription price: 100 %, no fee
Liquidity:daily according to the current market prices, indicative prices available on the Česká spořitelna, a.s. Bond Price List.
Early redemption price: according to the current Price List (as of the issue date max. 0.5% of the transaction amount)
Buying price: 100% of the nominal value, then according to the Česká spořitelna Bond Price List

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Note: The payout of 100% of the nominal value depends on the issuer’s ability to meet his commitments tied to the Inflation Linked Bond / 2028 in case of insolvency or due to an administrative measure.

Note 2: Risk weight is on a scale of increasing values from 1 to 7, where value 1 represents potentially the lowest risk and yield, and value 7 potentially the highest risk and yield, assuming that you keep the Inflation Linked Bond/2028 until its maturity date. The real risk may substantially differ if you sell prematurely. The product risk weight is a guide for comparing the risk rate of the Inflation Linked Bond / 2028 compared with that of other products. It shows how likely it is that you will lose money as a consequence of market fluctuations or because the issuer will not be able to meet its commitments.

Note 3: You will find the precise expression of product costs in the Inflation Linked Bond / 2028 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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