Prémiový dluhový cenný papír BEST ENTRY 1

ISIN: XS2278413385  

 
2022/06/30 00:00:00
Bid Ask
84.76 -
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 LU
Current coupon -
Coupon style variable
Coupon payment date 2025/05/05
Coupon payment period at maturity
Yield to maturity p.a. (before capital gains tax) 5.57
Value date 2021/05/05
Maturity 2025/05/05
Repayment value 0
Currency CZK
Nominal value 10,000
Capital gains tax -
Accrued Interest -
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 BEST ENTRY 1 offer?

  • Direct participation in the underlying index (investment component) in combination with a fixed interest of 5% p. a. (fixed interest bearing component).
  • Fixed yield of 5% p.a. in the fixed interest bearing component is calculated weekly, irrespective of the trend of the underlying index.
  • Once created PDCP BEST ENTRY 1 forms a fixed interest bearing component of 80% of the nominal value.
  • Once created PDCP BEST ENTRY 1 forms an investment component of 20% of the nominal value. This component allows direct exposure to the EURO STOXX 50® stock index.
  • The allocation between the fixed interest and investment component is changed with the fall of the underlying index below the fixed barrier.
  • Barriers for the transfer of 20% of its nominal value from the fixed interest bearing component to the investment component are 95%, 90%, 85% and 80% of the initial value (see Note 2) of (of the underlying index at individual observation dates, i.e. weekly every Wednesday.
  • PDCP BEST ENTRY 1 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 http://prospectus.socgen.com/ or on www.investicnicentrum.cz/prospekty.
    Electronic version of the Notification of Key Information is published on the website https://regulatory.sgmarkets.com or you can find it on the investment portal www.investicnicentrum.cz.
  • PDCP BEST ENTRY 1 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 BEST ENTRY 1 at the maturity date depends on the market rate trend of the EURO STOXX 50® underlying index.
  • Performance of the investment component depends on the market rate trend of the EURO STOXX 50® underlying index.
  • Any profit or loss is derived from the value that the underlying index has on the day of the closing observation against the individual initial values in which your funds were invested (see Note 2) (continuous investment).
  • The PDCP BEST ENTRY 1 holder bears the credit risk of the issuer and guarantor.
  • PDCP BEST ENTRY 1 is subject to English law.
  • Issuer: SG Issuer SA
  • Guarantor: Société Générale SA (S&P's A / Moody's A1 / Fitch A)
  • Underlying index: EURO STOXX 50®
  • Fixed yield: 5% p.a. of the fixed interest bearing component 
  • Initial allocation: 80% fixed interest bearing component / 20% investment component
  • Subscription period: 7 April 2021 (9:00)–28 April 2021 (16:00)
  • Date of fixing the initial and closing value of the index: you will find in the leaflet
  • The dates of observation and barrier for the transfer of 20% of the nominal value of the fixed interest bearing component to the investment component: you will find in the leaflet
  • Product costs valid at the subscription starting date: (You will find the precise expression of product costs in the PDCP BEST ENTRY 1 Subscription Instruction.)1.55% p.a.
  • Price for the provision of early redemption: 2% of the transaction volume
Description

PDCP BEST ENTRY 1 combines fixed interest bearing with investment in a stock index. It offers full participation in the trend of the underlying stock index (investment component) and a fixed interest of 5% p. a. (fixed interest component).

The payout of the yield and nominal value of PDCP BEST ENTRY 1 is derived from the trend of the underlying European EURO STOXX 50® stock index and the proportionate part of the fixed interest bearing component of the product (5% p.a.) will be included in the amount of the yield. Depending on the trend of the underlying stock index, the share can change of the investment of PDCP BEST ENTRY 1 in its individual components. The interesting structure of PDCP BEST ENTRY 1 enables a change in the allocation from the fixed interest bearing in the investment component with a fall of the underlying index below the fixed barrier, which means an attractive opportunity for continuous investment in the lower level of the index.

Payment notes

How does PDCP BEST ENTRY 1 work?

  • The return of the nominal value of PDCP BEST ENTRY 1 depends above all on the trend of the product’s investment component. The investment component is represented by the EURO STOXX 50® stock index.
  • The initial value (see Note 2) of the EURO STOXX 50® underlying index is fixed on 28 April 2021.
  • The initial allocation between the fixed interest bearing and investment component is 80% / 20 %.
  • The fixed yield is 5% p.a. of the nominal value of the fixed interest bearing component of PDCP BEST ENTRY 1 is calculated weekly for the period of its duration, i.e. irrespective of the trend of the underlying index. The total accrued interest is paid out on the maturity date.
  • For a possible change in the allocation of the nominal value of PDCP BEST ENTRY 1 there is regular observation of the EURO STOXX 50® underlying index every Wednesday from 12 May 2021 to 23 April 2025 (the daily closing index price is decisive).
  • If there is a fall in the market rate of the EURO STOXX 50® underlying index below the fixed barrier of 95%, 90%, 85% and 80% of the initial value (see Note 2) of PDCP BEST ENTRY 1, 20% of its nominal value is transferred on the observation day from the fixed interest bearing component to the investment component for the lowest closing price of the underlying index from the past week. So there can be a change in the allocation of the nominal value for example at a ratio of 0% in the fixed interest bearing component and 100% in the investment component, 60% in the fixed interest bearing component and 40% in the investment component, etc.
  • The final value of the EURO STOXX 50® underlying index is fixed on 28 April 2025. This final value of the market rate of the underlying index defines the performance of the investment component of PDCP BEST ENTRY 1. The profit or loss from the investment component will be derived from the closing price it has on the date of the final observation of the underlying index against its initial value (see Note 2) and initial values (continuous investment). The fixed yield is determined depending on the allocation in the fixed interest bearing component. The yield of 5% p.a. of the current amount of the nominal value in the fixed interest bearing component is calculated weekly and is paid out on the maturity date of PDCP BEST ENTRY 1.
    You will find the examples in the leaflet.
Settlement
  • Maturity shall be on 5 May 2025
  • Česká spořitelna pays out the yield and the nominal value
  • It takes three working days to settle the buying and selling of the Premium Bond
Secondary market
  • Minimum purchased amount: 1 piece
  • 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.
  • The Premium Bond can be sold even prior to the maturity date for price in the Exchange Rate List of Česká spořitelna which you can find here at the Investment Centre/Exchange Rate Lists

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Note 1: PDCP BEST ENTRY 1 calculates the fixed interest weekly at 5% p.a. of the fixed interest bearing component, the consolidated interest is not claimed; the fixed yield of the fixed interest bearing component is paid out on the maturity date.

Note 2: The provider of the EURO STOXX 50® index will calculate the initial value based on the closing prices of the underlying assets at the relevant stock exchanges on 28 April 2021.

Note 3: 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 early. The product risk weight is a guideline for the 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 payout 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.