Prémiový dluhový cenný papír 2 % EURO STOXX 50® Deep Barrier 2

ISIN: AT0000A1WBZ7  

 
2021/07/26 00:00:00
Bid Ask
98.51 -
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 2.000%
Coupon style fix
Coupon payment date 2018/06/13
Coupon payment period annually
Yield to maturity p.a. (before capital gains tax) -
Value date 2017/06/13
Maturity 2022/06/13
Repayment value 0
Currency CZK
Nominal value 10,000
Capital gains tax -
EU withholding tax Yes
Accrued Interest 25.56
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
- -
Description

Are you looking for an interesting investment opportunity with high fixed interest? Do you trust the strength of the European economy and expect its stable trend? Then the five-year Prémiový dluhový cenný papír 2 % EURO STOXX 50®Deep Barrier 2 is designed just for you. It pays out an annual yield of 2% and the payout of its nominal value is based on the trend of the market rate of the leading European stock index EURO STOXX 50®.

The Prémiový dluhový cenný papír 2 % EURO STOXX 50®Deep Barrier 2 offers an interesting fixed interest of 2% p. a.

The EURO STOXX 50® is the main European stock index which includes fifty of the most successful companies in Eurozone countries operating across all important sectors. Among the most prominent companies belong for example AXA, Allianz, Anheuser-Busch InBev, BASF, Bayer, Danone, Deutsche Telekom, L’Oreal, Sanoi, SAP, Siemens, Telefonica, Total or Unilever.

Payment notes

How does the Prémiový dluhový cenný papír 2% EURO STOXX 50®Deep Barrier 2 work?

  • The return of the nominal value of the Premium Bond at its maturity date is based on the market rate trend of the leading European stock index EURO STOXX 50®.
  • The initial value (Note) of the EURO STOXX 50®m index shall be fixed on 3 July 2017.
  • The trend of the EURO STOXX 50® index shall be observed from 4 July 2017 to 1 June 2022 (including the value during the day).
  • The interest of 2% p.a. of the nominal value of the Premium Bond is paid out annually always regardless of the trend of the underlying asset of the EURO STOXX 50® index.
  • The payout of the nominal value of the Premium Bond depends on the trend of the underlying asset, i.e. the market rate trend of the leading European stock index EURO STOXX 50®.
  • The barrier level is set at 45% of the fixed initial value (Note) of the EURO STOXX 50® index, and even touching the barrier is considered breaking it.
  • The distance of 55% between the initial value and low set barrier creates a “margin of safety” for the period of any possible fall of the EURO STOXX 50® index.
  • If the EURO STOXX 50® index value (including the values during the course of the day) does not fall to or below the barrier level of 40% of its initial value (Note) during the course of observation, the nominal value of the Premium Bond is paid out at the maturity date.
  • If the EURO STOXX 50® index value (including the values during the course of the day) falls to or below the barrier level of 45% of its initial value (Note) during the course of observation, the nominal value of the Premium Bond will be paid out at the maturity date reduced by the total percentage loss of the EURO STOXX 50® index.
  • If the EURO STOXX 50® index value (including the value during the course of the day) falls to or below the barrier level of 45% of its initial value (Note) during the course of observation, however at the last observation day it will be above its initial value, 100% of the nominal value of the Premium Bond will be paid out at the maturity date, regardless of whether or not the barrier was broken in the course of the duration of the Premium Bond.

What situations could arise at the maturity date? – see the leaflet

Settlement
  • The Premium Bond maturity date is 13 June 2022
  • Česká spořitelna pays out the yield and nominal value
  • It takes three working days to settle the buying and selling of the Premium Bond
Secondary market
  • Minimum purchased quantity: 1 piece
  • The debt security may be sold also prior to its maturity date for the price established by the current Exchange Rate List

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Note: The initial price of index EURO STOXX 50 was fixed at the following value of 3,491.81 EUR on 3 July 2017, which respondes to a barrier of 1,571.31 EUR.

 
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.