Prémiový dluhový cenný papír INDUSTRY AUTOCALL

ISIN: DE000CS8C4Q0  

 
2021/07/29 00:00:00
Bid Ask
96.70 -
Minimum yield -
Difference -0.12%(-0.12)
General attributes
Type of bond Structured bonds and notes
Bond style senior
Issuer type financial institution
Country of issue CH
Current coupon 0.000%
Coupon style variable
Coupon payment date 2024/03/01
Coupon payment period at maturity
Yield to maturity p.a. (before capital gains tax) -
Value date 2021/03/02
Maturity 2024/03/01
Repayment value 0
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 PDCP INDUSTRY AUTOCALL offer?

  • Possibility to obtain an attractive yield of 21% in three years.
  • PDCP INDUSTRY AUTOCALL can be automatically repaid early together with payout of an interesting yield of 7% (see Note) already after the first year or at any of the following annual observations. The total yield is then 7% (see Note) for each year that elapsed since the issue date.
  • Interesting 55% barrier level of the initial value of the individual underlying shares for payout of the nominal value of PDCP INDUSTRY AUTOCALL at the date of the final observation.
  • Barrier for automatic early repayment decreasing over in time: 90% (after a year), 80% (after two years).
  • Additional protection mechanism for payout of the nominal value of PDCP INDUSTRY AUTOCALL at its maturity date.  
  • PDCP INDUSTRY AUTOCALL is issued in Czech crowns, the investor does not bear the currency risk.
  • Electronic version of the Basic Prospectus is published on the Issuer´s website https://derivative.credit-suisse.com/bp/ch/en/prospectuses/prospectuses/prospectus/ye or on www.investicnicentrum.cz/prospekty.
  • Electronic version of the Notification of Key Information is published on the website https://docs.credit-suisse.com or you can find it on the investment portal www.investicnicentrum.cz
  • PDCP INDUSTRY AUTOCALL does not guarantee a return on the invested amount and the investor could lose the whole investment or part of it.
  • A 100% return on the nominal value of PDCP INDUSTRY AUTOCALL at the maturity date depends on the trend of the market rate of shares - Caterpillar, Siemens and Evonik Industries.
  • If at the date of fixing the closing value of shares the price of at least one of the underlying shares falls below the 55% barrier of its initial value and at the same time the closing value of any remaining shares shall not be equal or higher than their initial value, no yield shall be paid out at the maturity date and the PDCP INDUSTRY AUTOCALL holder shall lose more than 45% of the invested money.
  • The PDCP INDUSTRY AUTOCALL holder bears the issuer´s credit risk.
  • The total yield is paid out in a single sum for the real duration of PDCP INDUSTRY AUTOCALL at the due maturity date or at the date of automatic early repayment.
  • PDCP INDUSTRY AUTOCALL is subject to German law.
  • Issuer: Credit Suisse AG (S&P A+ / Moody's Aa3 / Fitch A) acting through its London branch
  • Underlying shares: Caterpillar Inc., Siemens AG and Evonik Industries AG
  • Subscription period: 1 February 2021 (9.00) – 23 February 2021 (16.00)
  • Date of fixing the initial value of shares: 23 February 2021
  • Date of fixing the closing value of shares: 23 February 2024
  • Dates of possible automatic early repayment: 2 March 2022, 2 March 2023
  • You will find the observation dates in the leaflet 
  • Barrier for the nominal value payout of PDCP INDUSTRY AUTOCALL at the closing observation date: 55% of the fixed initial value of each individual underlying share at the date of fixing the closing value of each individual underlying share 
  • Product costs valid at the subscription starting date: (You will find the precise expression of product costs in the PDCP INDUSTRY AUTOCALL Subscription Instruction) 2.26% p.a.
Description

PDCP INDUSTRY AUTOCALL with the option of automatic early repayment provides the opportunity to gain an attractive annual yield of 7% (see Note). The total yield for its three-year duration can then reach up to 21%.

The payout of the yield and the nominal value of PDCP INDUSTRY AUTOCALL is based on the price trend of shares of three important companies the activity of which focuses on the sphere of industry - Caterpillar, Siemens and Evonik Industries. In addition, the construction of PDCP INDUSTRY AUTOCALL allows its early repayment and payout of an attractive yield even in case of a slight decrease or stagnation of the underlying assets. The product may end already after the first year or subsequently each year for its duration depending on fulfilment of conditions for early repayment or at its maturity date.

For more information see the leaflet

Payment notes

How does PDCP INDUSTRY AUTOCALL work?

  • The payout of the yield and nominal value of PDCP INDUSTRY AUTOCALL depends on the market rate trend of shares of companies such as Caterpillar, Siemens and Evonik Industries.
  • For its duration PDCP INDUSTRY AUTOCALL can be automatically paid out early once a year, if the value of each individual underlying share at the observation date will be equal or higher than the comparative value of the underlying share at the relevant observation date.
  • If the automatic early repayment condition is not met, PDCP INDUSTRY AUTOCALL continues to the next date of possible repayment.
  • If PDCP INDUSTRY AUTOCALL is automatically repaid early, the investor shall receive its nominal value and a yield of 7% (see Note) for each year that elapsed since the issue date.
  • If the automatic early repayment is not made and at the date of fixing the closing value of the individual underlying shares the price of any of the shares does not fall below the barrier of 55% of its initial value, the nominal value of PDCP INDUSTRY AUTOCALL and the total yield of 21% (equivalent of three annual yields of 7% (see Note)) shall be paid out at the maturity date.
  • If the automatic early repayment is not made and at the date of fixing the closing value of the individual underlying shares the price of at least one of the underlying shares falls below the barrier of 55% of its initial value and at the same time the closing value of any of the remaining shares shall not be equal or higher than its initial value, 100% of the nominal value of PDCP INDUSTRY AUTOCALL shall be paid out decreased by the loss of the worst of the three shares since the date of fixing its initial value until the date of fixing its closing value. The investor will incur a loss which represents more than 45% of his initial investment and no yield shall be paid out.

You will find more information and the examples in the leaflet

Settlement
  • Maturity shall be on 1 March 2024
  • The disbursement of the yield and nominal value shall be conducted by Česká spořitelna
  • It takes three working days to settle the buying and selling of the Premium Bond
Secondary market
  • Minimum purchased amount: 1 piece
  • Price for the provision of early redemption: 2% of the transaction volume
  • Price at subscription: 100%, without a fee
  • Liquidity: daily according to current market prices published in the Exchange Rate List of Česká spořitelna, a.s.

-----------------------------------------
Note: PDCP INDUSTRY AUTOCALL pays out potential yields in a lump sum at its early or regular maturity date, the consolidated interest is not claimed.
Note 2: Product risk weight is 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, assuming that you will keep the product until its maturity date. The real risk may significantly differ in case you sell the product prematurely. The product risk weight is a guide for a comparison of the risk rate of this product compared with other products. It shows how likely it is that you can lose money as a consequence of movements on the markets, or because the issuer will be unable to pay the money.

 
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.