PDCP PROFIT 7

ISIN: AT0000A1NUQ5  

 
2020/01/24 00:01:06
Bid Ask
96.08 -
Minimum yield -
Difference 0.18%(0.17)
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 2021/11/12
Coupon payment period at maturity
Yield to maturity p.a. (before capital gains tax) -
Value date 2016/09/26
Maturity 2021/11/12
Repayment value 90
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 dluhový cenný papír PROFIT 7 offer?

  • An interesting yield potential of up to 20% for its duration.
  • 50% participation in the regularly observed trend of the underlying asset – STOXX®Europe Select 50 share index.
  • Underlying: www.investicnicentrum.cz/
    stoxxeuropeselect50
  • A min. 90% return on its nominal value at its maturity date.
  • The regular observation and fixing of attained yields. The resulting yield is calculated as a 50% participation of the average quarterly fixed values of the monitored underlying asset.
  • Immediate access to funds. You can sell the premium bond at any time even prior to the maturity date for a market price quoted in the Česká spořitelna Exchange Rate List.
  • Prémiový dluhový cenný papír PROFIT 7 does not guarantee a return on the invested amount.  It guarantees 90% return of its nominal value at the maturity date.
  • The premium bond holder bears the issuer´s credit risk.
  • The prices are quoted in percentages of the nominal value. The buying price means the client is selling, the selling price means the client is buying. 
  • Guarantee:  90% return on the nominal value of the PDCP at the maturity date
  • Participation: 50% in the regularly observed trend of the underlying asset
  • Maximum payout:  120% of the PDCP nominal value
  • Formula for premium: 100% + (average/initial value - 1), minimum 90%, maximum 120%
  • Underlying asset: STOXX®Europe Select 50 (for more information please visit: www.stoxx.com)
  • Nominal value of one premium bond: CZK 10,000
  • Minimum investment: 1 piece
  • Currency: Czech crown  (CZK)
  • Fixing the initial value of the underlying asset: 2 November 2016
  • Observation: quarterly, always at 2 February, 2 May, 2 Augus, 2 November with the convention of next working day
  • Last observation: 2 November 2021
  • Liquidity: daily according to the Česká spořitelna Exchange Rate List 
  • Maturity date: 12 November 2021
  • Issuer: Erste Group Bank AG
  • Price for the provision of early redemption: 2% of the transaction volume
Description

An interesting yield potential of up to 20% in five years with a min. 90% return on the nominal value of PDCP PROFIT 7 at its maturity date. 

Every rationally thinking person looks for ways of how to most effectively increase the value of his money. However it is not that easy to assess and consider the best investment solution for you. For many it is important to know beforehand what the trend of the investment might be, and most of all what is its yield potential and market risk taken. If these parameters are also important to you, then the Prémiový dluhový cenný papír PROFIT 7 is here for you.

The yield of the five-year Prémiový dluhový cenný papír PROFIT 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, BAE SYSTEMS, BIC, GLAXOSMITHKLINE, KOMERČNÍ BANKA, NN, RTL, SWISSCOM, VIVENDI 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 dluhový cenný papír PROFIT 7 work?

  • The yield of the five-year PDCP PROFIT 7 depends on the trend of STOXX® Europe Select 50 share index containing high quality shares of companies from all major European markets.
  • On 2 November 2016 the initial value of the underlying asset will be fixed.
  • The underlying asset 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 20 values gained during observation. It is compared with its initial value.
  • During the lifetime of the premium bond the negative value may also be included.
  • The total yield is calculated at the maturity date as follows: 100 % + participation 50% × (average of the underlying asset values from all 20 observations/initial value of the underlying asset – 1).
  • The minimum return of PDCP PROFIT 7 at its maturity date is 90% of its nominal value.
  • The maximum level of the premium is fixed at 20% for the duration of the PDCP PROFIT 7, i.e. in 5 years.
  • 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 just before the maturity date. The total yield does not only depend on the closing value of the observed underlying asset.

Examples of scenarios at maturity – see the leaflet

Settlement
  • The Premium Bond maturity date is 12 November 2021
  • 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 Bond can be sold even prior to the maturity date for the price according to Česká spořitelna Exchange Rate List which you can 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.