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Reverse Convertible KB 04/2020


ISIN:
XS2028087273
WKN:
-

2019/12/05 00:00:00
Bid Ask
89.75 -
Difference 0.18% (0.16)

General attributes

IssuerCredit Suisse AG
Product typeReverse convertibles
CurrencyCZK
UnderlyingKomerční banka
Price underlying799.50 CZK
Date2019/12/05 16:25:29
Strike date2019/07/31
Maturity2020/04/07
Coupon6.300%
Strike-
Barrier-
Barrier in %100.00%
Barrier distance-
Barrier distance in %-
Barrier reachedno

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Information about previous performance does not guarantee future performance. Performances under 12 month have only little informative value because of the short maturity. 
Source: FactSet
Advantages Disadvantages

Why buy Reverse Convertible KB 04/2020:

  • Attractive absolute 4.2% yield in 8 months always paid out irrespective of the trend of the underlying asset.
  • The maturity of Reverse Convertible KB 04/2020 is before the record day for the payment of the dividend of the underlying asset – the share of Komerční banka, a.s.
  • In the event of an unfavourable trend of the underlying asset price, the nominal value of Reverse Convertible KB 04/2020 will be paid out in shares of Komerční banka, a.s.
  • Renowned issuer Credit Suisse AG (Moody's A1 / Standard & Poor's A+ / Fitch A).
  • Electronic version of the prospectus is published on the website of Credit Suisse AG https://www.credit-suisse.com/cz/en.html or on the investment portal www.investicnicentrum.cz.
  • The Reverse Convertible KB 04/2020 bond does not guarantee a return on the invested amount and the investor could lose the whole investment or part of it.
  • The holder of the Reverse Convertible KB 04/2020 bond bears the issuer’s credit risk and the exchange rate risk.
  • If the value of KB share falls below 100% of its initial value (see Note) on the date of fixing the closing value of the underlying asset, a fixed 4.2% interest will be paid out on the maturity date and the holder of the Reverse Convertible KB 04/2020 will be paid its nominal value in shares of KB. -   The Reverse Convertible KB 04/2020 bond is subject to English law.
  • Issuer: Credit Suisse AG (acting through its London branch)
  • Underlying asset: Ordinary shares of Komerční banka, a.s. – ISIN CZ0008019106
  • Fixed interest for the duration of the product always paid out: 4.2% (6.3 % p.a.)
  • Subscription period: 25 July 2019 (9.00) – 31 July 2019 (16.00), may be shortened
  • Barrier for payout of the product nominal value: 100% (see Note) initial values of Komerční banka, a.s. share
  • Issue date: 7 August 2019
  • Date of fixing the initial value: 31 July 2019
  • Date of fixing the closing value: 31 March 2020
  • Product costs valid on the subscription staring date: 1.36% (2.04% p.a.), you will find the precise expression of the product costs in the Instruction for Subscription of Reverse Convertible KB 04/2020
  • Early redemption provision price: 2% of the transaction volume
  • Nominal value: CZK 10,000
  • Minimum investment: 1 piece
  • Currency (Czech crown) CZK

Secondary market

  • Maturity date is on 7 April 2020
  • Minimum purchased amount: 1 piece
  • Price at subscription: 100%, free of charge
  • Liquidity: daily according to current market prices in the Exchange Rate List of Česká spořitelna, a.s.

-----------------------------------
Note: The initial value of the share is the closing price of the share of Komerční banka, a.s. of 31 July 2019 on the Prague Stock Exchange.


2019/12/05 00:00:00
Bid Ask
89.75 -
Difference 0.18% (0.16)

General attributes

IssuerCredit Suisse AG
Product typeReverse convertibles
Stock exchangePRS
UnderlyingKomerční banka
Underlying ISINCZ0008019106
Underlying stock exchangePRS
Underlying currencyCZK
Price underlying799.50 CZK
Date2019/12/05 16:25:29
Issue date2019/08/07
Issue price0.00%
Coupon6.300%
Strike-
Barrier-
Barrier in %100.00%
Barrier distance in %-
Barrier distance-
Barrier reachedno
No of shares for redemption-
Quantono
Nominal amount10,000.00
CurrencyCZK

Reverse convertibles | Description

Attractive fixed interest of 4.2% in 8 months always paid out irrespective of the trend of the underlying asset of KB share.

Does the opportunity of achieving an interesting return attract you? If you rank among more experienced investors who are looking for an interesting investment opportunity with a fixed interest, then especially you might be interested in investing in Reverse Convertible KB 04/2020 bond. The payout of its nominal value is derived from the trend of the underlying asset of Komerční banka, a.s., (hereinafter only KB) with an alternative payout in shares of KB.

Underlying asset – share of Komerční banka, a. s.
Komerční banka, a.s., is the parent company of the KB Group and part of the international Société Générale Group. It is ranked as one of the leading banking institutions in the Czech Republic and in Central and Eastern Europe. It offers retail, corporate and investment banking services. It operates a network of more than 399 points of sale, 782 ATMs and employs over 7,500 people.

Price information

Today open90.09
Today high90.25
Today low90.09
Close (previous day)90.09
Spread in %0 %
Spread absolute-
Spread harmonised-
High price (52 weeks)100.05
Low price (52 weeks)84.84

Performance

Performance YTD in %-
Performance 1 month in %-0.35%
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2019/12/05 00:00:00
Bid Ask
89.75 -
Difference 0.18% (0.16)

Date: 2019/12/05 16:25:29
Underlying Quote
799.50 CZK
Difference +0.95% (7.50)

General attributes underlying

NameKomerční banka
ISINCZ0008019106
Stock exchange (underlying)PRS
Currency (underlying)CZK
Start value underlying-
Price799.50
Time19/12/05 - 16:25:29
Today high800.00
Today low793.00
High price (52 weeks)964.50
Low price (52 weeks)728.00


Information about previous performance does not guarantee future performance.
Source: FactSet

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