Prémiový dluhový cenný papír OIL AUTOCALL 5

ISIN: XS1879271705  

 
2019/12/06 00:00:00
Bid Ask
98.36 -
Minimum yield -
Difference 0.00%(0.00)
General attributes
Type of bond Structured bonds and notes
Bond style senior
Issuer type corporate
Country of issue NL
Current coupon 0.000%
Coupon style variable
Coupon payment date 2023/07/17
Coupon payment period at maturity
Yield to maturity p.a. (before capital gains tax) -
Value date 2019/07/17
Maturity 2023/07/17
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 the Prémiový dluhový cenný papír OIL AUTOCALL 5 offer?

  • Possibility to obtain an attractive yield of up to 22% in four years (i.e. 5.5% annually).
  • The Premium Bond can be automatically repaid early together with payout of an interesting yield of 5.5% (see Note) as soon as after the first year or subsequently at any of the following annual monitoring. The resulting yield is then 5.5% (see Note) for each year that elapsed since the issue date.
  • Interesting level of the barrier of 55% of the initial value (see Note 2) of the underlying asset – Brent Oil for payout of the nominal value of the Premium Bond at the date of its final maturity date. 
  • Barrier for automatic early repayment decreasing over time: 100% (after a year), 90% (after two years) and 80% (after three years).
  • The Premium Bond is issued in Czech crowns, the investor does not bear the currency risk.
  • Electronic version of the prospectus is published on the Issuer´s website www.bnpparibas.com.
  • You can find the Notification of Key Information on the creator´s website www.bnpparibas.com or on Česká spořitelna investment portal www.investicnicentrum.cz

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Note 2: The initial value of the underlying asset – Brent oil shall be determined according to the closing price of the nearest futures contract for Brent oil dated 10 July 2019.
Note 3: Risk-weight of the product is on a scale of 1 to 7 from the potentially lower risk and yield of 1 to the potentially higher risk and yield of 7 assuming that you will keep the product until the date of final maturity. The real risk may significantly differ in case you sell the product prematurely.

  • PDCP does not guarantee a return on the invested amount and the investor could lose the whole investment or part of it.
  • The holder of the Premium Bond bears the issuer´s and the guarantor´s credit risk.
  • The total yield is paid out in a lump sum for the real duration of the Premium Bond (PDCP) at the maturity date or at the date of automatic early repayment.
  • If at the date of fixing the closing value, the value of the underlying asset falls below the barrier of 55% of its initial value (see Note 2), no yield will be paid out at the maturity date and the Premium Bond holder will lose more than 45% of the invested money.
  • If you use the portfolio method of investment advice, ask your banker or investment specialist to assess whether this product should become part of your investment portfolio.
  • 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.
  • Issuer: BNP Paribas Issuance B.V. (S&P's A+)
  • Guarantor: BNP Paribas S.A. (S&P's A+ / Moody's Aa3 / Fitch A+)
  • Underlying asset: Brent Oil ((the nearest Brent Oil  Futures Contract)
  • Minimum investment: 1 piece
  • Subscription period: 31 May 2019 (9.00) – 10 July 2019 (16.00)
  • Price at subscription: 100%, free of charge
  • Date of fixing the initial value of the underlying asset: 10 July 2019
  • Date of fixing the closing value of the underlying asset: 10 July 2023
  • Dates of possible automatic early repayment: 17 July 2020, 19 July 2021, 18 July 2022
  • Dates of monitoring: see the leaflet
  • Barrier for payout of the nominal value at its maturity date: 55% of the fixed initial value of the underlying asset at the date of fixing its closing value
  • Price for the provision of early redemption: 2% of the transaction volume
Description

Are you looking for an interesting investment opportunity and do you trust in the price growth of one of the most strategic commodities – oil? If you rank among more experienced investors, then especially you might be interested in investing in the four-year Prémiový dluhový cenný papír OIL AUTOCALL 5 (PDCP OIL AUTOCALL 5).

The Prémiový dluhový cenný papír OIL AUTOCALL 5 with the option of an automatic early repayment provides the opportunity to gain an attractive annual yield of up to 5.5% (see Note).

The four-year Prémiový dluhový cenný papír OIL AUTOCALL 5 offers the option of gaining an attractive annual fixed yield of 5.5% (see Note). The payout of yield and the nominal value of the Prémiový dluhový cenný papír OIL AUTOCALL 5 is based on the price trend of the Brent Oil (the nearest Brent Oil Futures Contract). In addition, the Prémiový dluhový cenný papír OIL AUTOCALL 5 allows its early repayment with the growth of Brent Oil price as soon as after the first year of its duration and then subsequently every year until its maturity date.

Oil as a strategic raw material undoubtedly ranks among the most important and traded energy commodities. Brent Oil is mostly extracted in the North Sea. Brent is one of the main oil comparative indexes (benchmarks), since it makes up more than half of the globally traded quantity of this commodity. The Brent blend of oil contains 15 components. Among the basic ones is Brent crude, Brent sweet, Oseberg or Forties. It is ideal particularly for the production of petrol and oil distillates.
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Note: Any potential yields from the Premium Bond are paid out in a lump sum at its early or regular maturity date, the consolidated interest\ is not claimed.

Payment notes

How does the Prémiový dluhový cenný papír OIL AUTOCALL 5 work?

  • The payout of the yield and nominal value of the Premium Bond depends on the price trend of the Brent Oil (the nearest Brent Oil Futures Contract).
  • Automatic early repayment for the duration of the Premium Bond may arise once a year if the value of the underlying asset at the date of monitoring equals or is higher then the comparative value of the underlying asset at the relevant date of monitoring.
  • If the automatic early repayment condition is not met, the Premium Bond continues to the next date of possible repayment.
  • If the Premium Bond is automatically repaid early, the investor shall receive its nominal value and a yield of 5.5% (see Note) for each year that elapsed since the issue date.
    See the example in the leaflet.
  • If the automatic early repayment is not made and at the date of fixing the closing value of the underlying asset its value does not fall below the barrier of 55% of the initial value, the nominal value of the Premium Bond and the total yield of 22% (equivalent of four annual yields of 5.5% (see Note)) shall be paid out.
  • If the automatic early repayment is not made and at the date of fixing the closing value of the underlying asset its value falls below the barrier of 55% of its initial value, the payout of the nominal value of the Premium Bond shall by decreased by the loss of the underlying asset value from the date of fixing its initial value until the date of fixing its closing value. The investor shall lose more than 45% of the investment and no yield shall be paid out to him.
    See the example in the leaflet.
Settlement
  • The maturity date is 17 July 2023
  • Liquidity: daily according to current market prices in the Exchange Rate List of Česká spořitelna, a.s
Secondary market
  • Minimum investment: 1 piece
  • Price at subscription: 100%, free of charge
 
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.