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Reverse Convertible ČEZ 05/2025


ISIN:
XS2773119925
WKN:
-

2024/05/20 00:00:00
Bid Ask
98.75 -
Difference 0.00% (0.00)

General attributes

IssuerGoldman, Sachs & Co. Wertpapier GmbH
Product typeReverse convertibles
CurrencyCZK
UnderlyingČEZ AS
Price underlying914.00
Date2024/05/17 16:23:46
Strike date2024/05/06
Maturity2025/05/14
Coupon7.500%
Strike-
Barrier-
Barrier in %80.00%
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: Česká spořitelna, a. s.
Advantages Disadvantages
How does Reverse Convertible ČEZ 05/2025 work
  • A fixed interest of 7.5% for 1 year is always paid out, regardless of the development of the underlying asset – shares of ČEZ, a.s.
  • The pay out of the nominal value of the debt security depends on the development of the underlying asset – shares of ČEZ, a.s.
  • The initial value (see Note) of the underlying asset shall be determined on 6 May 2024.
  • If on the date of determination of the closing value (6 May 2025) of the shares of ČEZ, a.s. this value does not fall below 80% of their initial value (see Note), then 100% of the nominal value of the Reverse Convertible ČEZ 05/2025 debt security and fixed interest of 7.5% will be paid out on the maturity date.
  • If on the date of determination of the closing value of the shares of ČEZ, a.s. this value falls below 80% of its initial value (see Note, then the fixed interest of 7.5% will be paid out on the maturity date and the shares of ČEZ, a.s. will be transferred to the client’s asset account in the number corresponding to the nominal value of the Reverse Convertible ČEZ 05/2025 debt security and in the initial share price. The number of paid out shares per one security = nominal value of 30,000 CZK/initial value of the shares of ČEZ, a.s. The remainder, which is less than the value of 1 share, shall be paid out in monies. This remainder will take into account the performance of the shares of ČEZ, a.s. by multiplying their closing value.
  • Česká spořitelna pays out the yield and nominal value.
  • It takes 2 working days to settle the buying and selling of a Premium Bond.
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 of structured financial instruments and shares
  • strive to appreciate the invested funds
  • can accept the rate of risk which corresponds to a risk weight of 5 (on a scale of 1 to 7)
  • can bear any loss of invested funds as illustrated by possible performance scenarios see Key Information Document (KID)
  • are interested in keeping the product throughout its duration period, i.e. to 14 May 2025.
This product is not intended for investors (product’s negative target market), who:
  • do not have sufficient knowledge of the structured financial instruments and shares
  • are not able, in case of unfavourable development of the investment, to bear the loss of the invested funds stated in the Key Information Document (KID)
The client’s compatibility with the product’s target market will be evaluated during the buying process.
-------------------------------------------------
  • The Reverse Convertible ČEZ 05/2025 debt security does not guarantee a return on the invested amount and the investor could lose the entire or part of the investment.
  • The holder of the Reverse Convertible ČEZ 05/2025 debt security bears the credit risk of the issuer and guarantor.
  •  Be aware of the risk of inflation. Investors should be aware that the fair value of the investment, including any yield, can fall in connection with how inflation reduces the value of the product’s currency.

    More information you wil find in the leaflet.

  • Secondary market

    • Minimum purchased amount: 1 piece
    • Price for early redemption: according to the current Price List (balance at the bond issue date: 2% of the transaction volume)
    • Selling price: 100%, no fee
    • Liquidity: daily according to current market prices, indications in the Česká spořitelna, a. s. Exchange Rate List
    -----------------------------------------
    Note: The initial share value is the closing ČEZ, a.s. share price of 6 May 2024 on the Prague Stock Exchange.
    Note 2: You will find the precise expression of the product costs in the Reverse Convertible ČEZ 05/2025 Subscription Order.
     

    2024/05/20 00:00:00
    Bid Ask
    98.75 -
    Difference 0.00% (0.00)

    General attributes

    IssuerGoldman, Sachs & Co. Wertpapier GmbH
    Product typeReverse convertibles
    Stock exchange-
    UnderlyingČEZ AS
    Underlying ISINCZ0005112300
    Underlying stock exchange-
    Underlying currency-
    Price underlying914.00
    Date2024/05/17 16:23:46
    Issue date2024/05/14
    Issue price-
    Coupon7.500%
    Strike-
    Barrier-
    Barrier in %80.00%
    Barrier distance in %-
    Barrier distance-
    Barrier reachedno
    No of shares for redemption-
    Quantono
    Nominal amount30,000.00
    CurrencyCZK

    Reverse convertibles | Description

    An attractive fixed interest of 7.5% for 1 year always paid out regardless of the development of the underlying asset – share of ČEZ, a.s.

    The payment of its nominal value is based on the development of the underlying share of ČEZ a.s., with alternative payment in shares of ČEZ, a.s.

    • Subscription period: 23. 4. 2024 (12.00)–6. 5. 2024 (16.00), může být zkráceno
    • Issue date: 14. 5. 2024
    • Maturity: 14.05.2025
    Electronic version of the Basic Prospectus is published on the Issuer´s website https://www.gspip.info/issuer-details/baseprospectus, or on http://www.investicnicentrum.cz/prospekty.
    Electronic version of the Notification of Key Information is published on the website https://www.gspriips.eu, or you can find it on the investment portal www.investicnicentrum.cz

    More information you wil find in the leaflet.

    Price information

    Today open99.38
    Today high99.38
    Today low99.38
    Close (previous day)99.38
    Spread in %1.25 %
    Spread absolute1.25
    Spread harmonised-
    High price (52 weeks)-
    Low price (52 weeks)-

    Performance

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


    2024/05/20 00:00:00
    Bid Ask
    98.75 -
    Difference 0.00% (0.00)

    Date: 2024/05/17 16:23:46
    Underlying Quote
    914.00 CZK
    Difference -0.76% (-7.00)

    General attributes underlying

    NameČEZ AS
    ISINCZ0005112300
    Stock exchange (underlying)-
    Currency (underlying)-
    Start value underlying-
    Price914.00
    Time24/05/17 - 16:23:46
    Today high926.00
    Today low910.00
    High price (52 weeks)1,125.00
    Low price (52 weeks)798.00


    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

    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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