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Reverse Convertible Moneta 04/2020


ISIN:
XS1989541799
WKN:
-

2019/11/14 00:00:00
Bid Ask
99.35 -
Difference 0.34% (0.34)

General attributes

IssuerCredit Suisse AG
Product typeReverse convertibles
CurrencyCZK
UnderlyingMONETA Money Bank, a. s.
Price underlying78.85 CZK
Date2019/11/14 09:57:34
Strike date2019/06/26
Maturity2020/04/03
Coupon8.000%
Strike-
Barrier-
Barrier in %100.00%
Barrier distance-
Barrier distance in %-
Barrier reachedno

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CZ FlyerPDF Download
Key Information DocumentPDF Download
CZ ReportPDF Download




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

Why buy Reverse Convertible Moneta 04/2020:

  • Attractive absolute 6% yield in 9 months always paid out irrespective of the trend of the underlying asset.
  • The product matures before the record date for the payment of the dividend of the underlying asset – the shares of MONETA Money Bank, a.s.
  • In the event of an unfavourable trend of the underlying asset price, the nominal value of the bond will be paid out in shares of MONETA Money Bank, 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.
  • You will find out how the Reverse Convertible Moneta 04/2020 bond works and examples of scenarios at maturity in the leaflet.
  • The Reverse Convertible Moneta 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 Moneta 04/2020 bond bears the issuer’s credit risk and the exchange rate risk.
  • If the value of MONETA Money Bank, a.s. share falls below 100% of its initial value (see Note) on the date of fixing the closing value of the underlying asset, a fixed 6% interest will be paid out on the maturity date and the holder of the bond will be paid out its nominal value in shares of MONETA Money Bank, a.s.
  • The Reverse Convertible Moneta 04/2020 bond is subject to English law.
  • Issuer: Credit Suisse AG (acting through its London branch)
  • Underlying asset: Ordinary shares of MONETA Money Bank, a.s. – ISIN CZ0008040318
  • Fixed interest for the duration of the product always paid out: 6% (8% p.a.)
  • Subscription period: 17 June 2019 (9.00)–26 June 2019 (16.00), may be shortened
  • Barrier for payout of the product nominal value: 100% (see Note) initial values of MONETA Money Bank, a.s. share.
  • Issue date: 3 July 2019
  • Date of fixing the initial value: 26 June 2019
  • Date of fixing the closing value: 27 March 2020
  • Distributor’s costs valid on the subscription starting date: 0.52% (0.69 % p.a.), you will find the precise expression in the Reverse Convertible Moneta 04/2020 Purchase Agreement
  • Issuer’s costs valid on the subscription starting date: you will find the precise expression in the Notification of Key Information
  • Early redemption provision price: 2% of the transaction volume
  • Product risk weight: 4 (on a scale of 1 to 7 from a potentially lower risk and yield of 1 to a potentially higher risk and yield of 7)
  • Nominal value: CZK 10,000
  • Minimum investment: 1 piece
  • Currency: (Czech crown) CZK

Secondary market

  • Maturity date is on 3 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 shares of MONETA Money Bank, a.s. of 26 June 2019 on the Prague Stock Exchange.


2019/11/14 00:00:00
Bid Ask
99.35 -
Difference 0.34% (0.34)

General attributes

IssuerCredit Suisse AG
Product typeReverse convertibles
Stock exchangePRS
UnderlyingMONETA Money Bank, a. s.
Underlying ISINCZ0008040318
Underlying stock exchangePRS
Underlying currencyCZK
Price underlying78.85 CZK
Date2019/11/14 09:57:34
Issue date2019/07/03
Issue price0.00%
Coupon8.000%
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 6% in 9 months always paid out irrespective of the trend of the underlying asset of MONETA Money Bank, a.s. 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 Moneta 04/2020 bond.
The payout of its nominal value is derived from the trend of the underlying asset of MONETA Money Bank, a.s. with an alternative payout in shares of MONETA Money Bank, a.s.

Underlying asset – MONETA Money Bank, a.s. shares
MONETA Money Bank, a.s. is a leading bank in the consumer financing market and a developing bank in the small and medium-seized enterprises in the Czech Republic with a strong position in consumer loans and growth, among other, in the area of business loans. With one million clients MONETA Money Bank, a.s. is the fourth biggest banking institution in the Czech Republic. It operates a network of more than 190 points of sale and 650 ATMs, it employs over 3,100 people.

Price information

Today open99.51
Today high99.85
Today low99.51
Close (previous day)99.51
Spread in %1.00 %
Spread absolute1.00
Spread harmonised-
High price (52 weeks)102.74
Low price (52 weeks)94.66

Performance

Performance YTD in %-
Performance 1 month in %+3.27%
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2019/11/14 00:00:00
Bid Ask
99.35 -
Difference 0.34% (0.34)

Date: 2019/11/14 09:57:34
Underlying Quote
78.85 CZK
Difference +0.25% (0.20)

General attributes underlying

NameMONETA Money Bank, a. s.
ISINCZ0008040318
Stock exchange (underlying)PRS
Currency (underlying)CZK
Start value underlying-
Price78.85
Time19/11/14 - 09:57:34
Today high79.10
Today low78.80
High price (52 weeks)80.70
Low price (52 weeks)70.00


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

Recent research



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