Prémiový dluhopis ŠANCE 7

ISIN: AT0000A1LFD8  

 
2019/12/13 00:00:00
Bid Ask
93.41 -
Minimum yield -
Difference 0.00%(0.00)
General attributes
Type of bond Structured bonds and notes
Bond style senior
Issuer type financial institution
Country of issue AT
Current coupon 0.000%
Coupon style variable
Coupon payment date -
Coupon payment period at maturity
Yield to maturity p.a. (before capital gains tax) -
Value date 2016/06/09
Maturity 2023/07/24
Repayment value 100
Currency CZK
Nominal value 10,000
Capital gains tax -
EU withholding tax Yes
Accrued Interest 0
since inception


Performance since inception. Performances under 12 month have only little informative value because of the short maturity. Information about previous performance does not guarantee future performance.
Source: Česká spořitelna, a. s.
Advantages Details you should be aware of
What does the Prémiový dluhopis ŠANCE 7 offer?
  • An interesting yield potential of up to 25% for the duration of the premium bond.
  • 50% participation in the regularly observed trend of the underlying asset – STOXX®Europe Select 50 share index.
  • Underlying: www.investicnicentrum.cz/
    stoxxeuropeselect50
  • A min. 100% return on the nominal value of the premium bond at its maturity date, regardless of the market trend (the premium bond holder bears the credit risk of the issuer).
  • The regular observation and fixing of attained yields. The resulting yield of the premium bond is calculated as a 50% participation of the average quarterly fixed observations of the underlying asset.
  • Immediate access to funds. You can sell the bond at any time even prior to the maturity date for the a market price quoted in the Česká spořitelna bond exchange rate list.
  • The holder of the Prémiový dluhopis ŠANCE 7 bears the issuer´s credit risk.
  • The prices are specified as a percentage of the nominal value. The buying price means the client is selling, the selling price means the client is buying. 
  • Nominal value of one premium bond:  CZK 10,000
  • Minimum investment: 1 piece
  • Currency: Czech crown (CZK)
  • Guarantee: 100% return on the nominal value of the Prémiový dluhopis ŠANCE 7 at the maturity date
  • Participation  50% in the regularly observed trend of the underlying asset
  • Maximum payout: 125% of the premium bond nominal value
  • Formula for premium: (average/initial value – 1) multiplied by 50%participation, min. 0, max. 25%
  • Maturity date: 24 July 2023
  • Fixing the initial value of the underlying asset: 12 July 2016
  • Observation: quarterly,  always at  12 January, 12 April, 12 July, 12 October with the convention of next working day
  • Last observation: 12 July 2023
  • Issue date: 9 June 2016
  • Maturity date: 24 July 2023
  • Issuer:  Erste Group Bank AG
  • Underlying asset: STOXX®Europe Select 50 (for more information please visit: www.stoxx.com)
  • Price for the provision of early redemption: 2% of the transaction volume
Description

An interesting yield potential of up to 25% in seven years with a min. 100% return on the nominal value of the bond at its maturity date.

Responsibility is an essential part of every human activity. So we should also behave responsibly when managing our money. But leaving it lying idly in deposit products under present conditions is not being very responsible. So if you are thinking of how to increase the value of your money in the most conservative way and not leave it languishing in bank accounts, then the Prémiový dluhopis ŠANCE 7 is here for you.

The yield of the seven-year Prémiový dluhopis ŠANCE 7 stems from the trend of highly reputable European companies which are marked above all by the low fluctuation in the value of their shares and paying out a high long-term dividend yield. These are represented by the European  STOXX®Europe Select 50 share index, which is not just limited to countries of the Eurozone, but selects shares of companies from all the major European markets across all economic sectors  (e.g. shares of companies such as ALLIANZ, GLAXOSMITHKLINE, BAE SYSTEMS, SWISSCOM, KUEHNE + NAGEL, ČEZ, RTL, VIVENDI, MARKS & SPENCER, LAGARDERE, TELEFONICA DEUTSCHLAND and others). Every quarter the structure of the index is reviewed and according to the current market trend the representation of each company and their weight in the index is optimised.

Payment notes

How does the Prémiový dluhopis ŠANCE 7 work?

  • The yield of the seven-year Prémiový dluhopis ŠANCE 7 depends on the trend of the global STOXX®Europe Select 50 share index containing high quality shares of companies from all major European markets.
  • On 12 July 2016 the initial value of the underlying assets – STOXX®Europe Select 50 share index will be fixed.
  • The underlying asset – share index is monitored quarterly. Every quarter the value of the underlying asset is fixed on the observation day.
  • The average value of the underlying asset is calculated from the sum total of these 28 values gained during observation. It is compared with its initial value.
  • The total yield is calculated at the maturity date of the Prémiový dluhopis ŠANCE 7 as follows: participation 50% × (average of the underlying asset values from all 28 observations/initial value of the underlying asset – 1).
  • Maximum level of the premium is fixed at 25% for the duration of the Prémiový dluhopis ŠANCE 7, i.e. in 7 years.
  • During the lifetime of the premium bond the negative value may also be included. If the resulting value of the total yield of the premium bond will be negative, 100% of its nominal value will be paid out at its maturity date.
  • The regular observation and averaging of the obtained values partly protect the investor from any sharp fall in the prices of the monitored underlying asset – the STOXX®Europe Select 50 share index just before the maturity date. The total yield of the Prémiový dluhopis ŠANCE 7 does not only depend on the closing value of the observed underlying asset

For examples of scenarios at the maturity date see the leaflet

Settlement
  • the maturity date of the Premium Bond is 24 July 2023
  • Česká spořitelna pays out the yield and nominal value
  • it takes 3 working days to settle the buying and selling of the premium bond
Secondary market
  • The minimum purchased quantity: 1 piece
  • The premium bond can be sold even prior to the maturity date for the price according to the Exchange Rate List of Česká spořitelna which you will find here at the Investment Centre/Exchange Rate Lists
 
Disclaimer
In the period before maturity, the bond price can fluctuate above and below the bond face value depending on the development of the interest rate and underlying asset. A bond can ben sold even before the maturity date, for the price pursuant to the pricelist of the issuer. Our consultants will give you detail information on the advantages and risks of investment in bonds. The information sources used are generally regarded as reliable, although Česká spořitelna and Erste Group Bank AG cannot guarantee the correctness and completeness of the information contained therein. The aim of this web page is to give information on the services and products contained therein; it is not a binding proposal establishing any rights and obligations for participants. All information you can find here is of informative nature only. Before using the web page for investment, a specialized Česká spořitelna consultant should be consulted.