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Prémiový dluhový cenný papír 7% S&P 500 Deep Barrier


ISIN:
XS2581833121

Date: 2023/09/27 10:45:00
Bid Ask
96.40 -
Difference -0.32% (-0.31)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueLU
Current coupon7.000%
Coupon stylefix
Coupon payment date2024/05/09
Coupon payment periodannually
Value date2023/05/09
Maturity2026/05/11
Repayment value0.00
CurrencyCZK
Nominal value10,000
Accrued Interest268.33
Investor tolerance4 (scale 1-7)
Last trading day2026/05/04

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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 the PDCP 7% S&P 500 Deep Barrier offer?
  • Possibility to gain an interesting total yield amounting to 21% in three years.
  • Fixed yield of 7% p.a. is paid out annually regardless of the trend of the underlying index on fixed days i.e. as at 9 May until the maturity date or maturity date.   
  • Attractive 49% barrier level of the initial value  (see Note 2) of the S&P 500 stock index.
  • PDCP 7% S&P 500 Deep Barrier can be automatically paid out early already after the first year of its duration or next year, provided that the S&P 500 stock index at the observation date is at or above the currently valid barrier for early repayment. The last annual yield is paid out at the early maturity date. 
  • Barrier for automatic early repayment is decreasing over in time: 100% (after a year), 90% (after two years).
  • PDCP 7% S&P 500 Deep Barrier is issued in Czech crowns and the investor does not bear the currency risk. 
  • The Notification of Key Information is available on the website https://keyinformationdocuments.citi.com or on Česká spořitelna investment portal  www.investicnicentrum.cz.
  • Electronic version of the Prospectus is published on the website  https://www.bourse.lu/programme/Programme-Citigroup/14557 or on  www.investicnicentrum.cz/prospekty.
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. 
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  • PDCP 7% S&P 500 Deep Barrier does not guarantee a return on the invested amount and the investor could lose the whole investment or part o fit. 
  • The holder of PDCP 7% S&P 500 Deep Barrier bears the issuer´s and guarantor´s credit risk.
  • If during observation the closing value of S&P 500 stock index falls below the barrier of 49% of its initial value and at the same time this value shall not be equal or higher than 80% of its initial value, the holder of S&P 500 Deep Barrier incurs a loss.  
    •  
    You will find more information in the leaflet.

    Description

    PDCP 7% S&P 500 Deep Barrier with the option of automatic early repayment provides opportunity to gain annually an attractive fixed yield of 7% (see Note).
     
    The payout of the nominal value of PDCP 7% S&P 500 Deep Barrier is derived from the development of the American  S&P 500 stock index which ranks among the world´s most significant stock indices. Fixed yield of 7% (see Note) is paid out regardless of the development of the underlying index. In addition, PDCP 7% S&P 500 Deep Barrier allows its early repayment  in case of growth or stagnation of the underlying index in the first year or limited decline of the underlying index in the second year of its duration. 
     
    • 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: S&P 500
    • Fixed yield: 7% p.a. 
    • Subscription period: 13 April 2023 (9.00)–2 May 2023 (23.59)
     
    You will find more information in the leaflet.

    Payment notes

    How PDCP 7% S&P 500 Deep Barrier works?

    • The return of the nominal value of PDCP 7% S&P 500 Deep Barrier at its maturity date is derived from  the market rate trend of S&P 500 stock index. 
    • The initial value (see Note 2) of the S&P 500 index shall be fixed on 2 May 2023.
    • The S&P 500 index trend shall be observed from 3 May 2023 to 4 May 2026 (daily closing price).
    • The yield of 7% p.a. of the nominal value of PDCP 7% S&P 500 Deep Barrier is being paid out annually and is always paid which means regardless of the trend of the underlying asset – S&P 500 stock index.
    • The barrier level is set at 49% of the fixed initial value (see Note 2) of the S&P 500 index, touching the barrier is not considered breaking it.
    • Automatic early repayment for the duration of PDCP 7% S&P 500 Deep Barrier may arise once a year if the value of the underlying index at the relevant date of observation equals or is above the current valid barrier for early repayment. .
    • If the automatic early repayment condition is not met, the investor shall receive an annual yield of 7% of its nominal value and PDCP 7% S&P 500 Deep Barrier continues to the next date of possible early repayment.
     
    You will find more information in the leaflet.

    Settlement

    • Maturity shall be 11.05.2026
    • Česká spořitelna pays out the yield and the nominal value 
    • It takes three working days to settle the buying and selling of the Premium Bond
     

    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: PDCP 7% S&P 500 Deep Barrier pays out a fixed yield of 7% p. a. regardless of the underlying asset performance. 
    Note 2: The initial value will be calculated based on the closing price of the underlying asset on 2 May 2023. 
    Note 3: You will find the exact expression of product costs in the PDCP 7% S&P 500 Deep Barrier Subscription Instruction.
    Note 4: On a scale from 1 to 7 from a potentially lower risk and yield of 1to a potentially higher risk and yield of 7, provided that you keep the PDCP 7% S&P 500 Deep Barrier until the maturity date.  The actual risk may differ substantially if you sell prematurely.

    Underlying

    S&P 500
    US78378X1072    		US78378X1072S&P 500 is a major American stock market index. It includes 500 largest American companies which are represented in the index according to their market capitalisation. It  involves all sectors and technologies such as (Apple, Microsoft, NVIDIA, Cisco etc.) have currently the highest weight,  followed by healthcare (e.g. Johnson&Johnson, UnitedHealth Group, Merck, Pfizer), finance (Bank of America, MasterCard, Berkshire Hathaway, JPMorgan Chase, Citigroup etc.), consumer goods (Amazon, Tesla, Coca-Cola, Pepsico, Procter & Gamble, Home Depot etc.), industry (Boeing, Caterpillar, Deere & Co, Honeywell etc.) and communication (Alphabet (Google), Meta (Facebook), Verizon, AT&T).

    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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