Prémiový dluhopis GLOBAL 2

Prémiový dluhopis GLOBAL 2
ISIN: XS2544213916

2023/09/27 10:45:00
Bid	Ask
96.91	-
Minimum yield	-
Difference	-0.59%(-0.58)

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	2027/04/20
Coupon payment period	at maturity
Yield to maturity p.a. (before capital gains tax)	0.45
Value date	2023/04/24
Maturity	2027/04/20
Repayment value	100
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

Why buy Prémiový dluhopis GLOBAL 2?

Interesting potential yield of up to 40% for its duration.
125% participation in regularly observed development of the underlying asset – in the MSCI World Index.
Regular observation of the underlying asset. The final yield is calculated as 125% participation in the average performance of the observed underlying asset however the maximum amount for the payout is limited by the top limit of 140% of the nominal value of PD GLOBAL 2.
Even if the price of the underlying asset falls, thanks to the guarantee a minimum of 100% of the nominal value (see Note) of PD GLOBAL 2 is paid out at the maturity date.
Quick availability of funds. You can sell PD GLOBAL 2 under standard conditions on the market through Česká spořitelna at any time before maturity for the market price. However, in such a case the price may fluctuate even below the limit of 100% of its nominal value and the investor realises a loss. The guarantee of the payout of a minimum of 100% of its nominal value (see Note) applies only to the maturity date.
PD GLOBAL 2 is issued in Czech crowns and the investor does not bear the currency risk.

Electronic version of the Prospectus is published at https://www.bourse.lu/programme/Programme-Citigroup/14557, or on www.investicnicentrum.cz/prospekty.
Notification of Key Information which is available at https://keyinformationdocuments.citi.com on the investment portal of Česká spořitelna www.investicnicentrum.cz.

Please note that the target market of this investment instrument is listed below. If you do not meet any of the listed parameters, you may be outside the specified target market!

The target market defines the set of investors (retail clients) for whom the investment product is intended.

This investment product is intended for investors who:

have sufficient knowledge and/or experience regarding bonds.
seek investment profit
are able to accept a level of risk that is in accordance with the risk indicator of the product specified in General attributes.
In the event of an unfavorable development of the investment, they are able to bear the possible loss, which is ilustrated by performance scenarios, see Key Information Document (KID).
are interested in holding the product until the maturity specified in General attributes.

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* The holder of PD GLOBAL 2 bears the credit risk of the issuer and guarantor. The payout of 100% of its nominal value depends on the issuer being able to meet its commitments tied to PD GLOBAL 2 in case of insolvency or due to an administrative measure, or on your decision to sell PD GLOBAL 2 before its maturity date. You may end up losing the entire invested amount.
* Be aware of the risk of inflation. Investors should be aware that the fair value of the investment, including any real yield, may fall with regard to how the inflation reduces its value.
* The calculation formula of the value at maturity: 100% of the nominal value of PD GLOBAL 2 + participation of 125% × (average value of 4 observations of the underlying asset/initial value – 1), minimum of 100% (see Note), maximum of 140%

You will find more information in the leaflet.

Description
Interesting yield potential of up to 40% in four years with a return of a minimum of 100% of the nominal value of (see Note) PD GLOBAL 2 at its maturity date. The strength of the global economy affects the general prosperity of a company. You can share in it thanks to Prémiový dluhopis GLOBAL 2, whose yield depends on the development of the MSCI World Index. This is one of the most observed equity indexes in the world, as it reflects the development of global stock markets. Currently it includes about 1,500 stock title (shares) from 23 advanced countries. In terms of the regional structure, currently the most represented shares in the index are of American companies (68.8%), followed by Japan (6.1%), Great Britain (4.4%), Canada (3.4%) and France (3.6 %). The broad diversification of the index is also ensured by its sectoral distribution. Among others, it contains the IT sector (21.3%), healthcare (13.3%), financial sector (14.6 %), industry (10.7%), cyclical consumer goods (10.7%), non-cyclical consumer goods (7.5%) or communication (6.6%). The choice of stock titles (shares) and review of individual weights takes place based on the market capitalisation of companies twice a year, whereas the index composition is revised on a quarterly basis. This globally focused price index was launched on 31 March 1986 and its long-term average performance is 7.95% p.a. Issuer: Citigroup Global Markets Funding Luxembourg S.C.A. (S&P‘s A+ / Moody‘s A1 / Fitch A+) Guarantor: Citigroup Global Markets Limited (S&P‘s A+ / Moody‘s A1 / Fitch A+) Underlying asset: MSCI World Index Subscription period: from 21 March 2023 (9.00 am) to 17 April 2023 (23.59 pm) You will find more information in the leaflet.

Description

Interesting yield potential of up to 40% in four years with a return of a minimum of 100% of the nominal value of (see Note) PD GLOBAL 2 at its maturity date.

The strength of the global economy affects the general prosperity of a company. You can share in it thanks to Prémiový dluhopis GLOBAL 2, whose yield depends on the development of the MSCI World Index. This is one of the most observed equity indexes in the world, as it reflects the development of global stock markets. Currently it includes about 1,500 stock title (shares) from 23 advanced countries. In terms of the regional structure, currently the most represented shares in the index are of American companies (68.8%), followed by Japan (6.1%), Great Britain (4.4%), Canada (3.4%) and France (3.6 %). The broad diversification of the index is also ensured by its sectoral distribution. Among others, it contains the IT sector (21.3%), healthcare (13.3%), financial sector (14.6 %), industry (10.7%), cyclical consumer goods (10.7%), non-cyclical consumer goods (7.5%) or communication (6.6%). The choice of stock titles (shares) and review of individual weights takes place based on the market capitalisation of companies twice a year, whereas the index composition is revised on a quarterly basis. This globally focused price index was launched on 31 March 1986 and its long-term average performance is 7.95% p.a.

Issuer: Citigroup Global Markets Funding Luxembourg S.C.A. (S&P‘s A+ / Moody‘s A1 / Fitch A+)
Guarantor: Citigroup Global Markets Limited (S&P‘s A+ / Moody‘s A1 / Fitch A+)
Underlying asset: MSCI World Index
Subscription period: from 21 March 2023 (9.00 am) to 17 April 2023 (23.59 pm)

You will find more information in the leaflet.

Payment notes
How PD GLOBAL 2 works The final yield of the four-year PD GLOBAL 2 depends on the development of the global MSCI World Price Index. On 17 April 2023 the initial value of the underlying asset is determined. The underlying asset is observed annually. Each year its value is recorded on the observation date. The average value of the underlying asset is calculated from these four values obtained during the observation. This is compared with its initial value. The total amount of the payout at maturity is calculated: 100% of the nominal value of PD GLOBAL 2 + participation of 125% × (average value of 4 observations of the underlying asset/initial value – 1), however a minimum of 100% (see Note) and a maximum of 140%. Even if the price of the underlying asset falls, thanks to the guarantee a minimum of 100% of the nominal value (see Note) of PD GLOBAL 2 is paid out at maturity. For the duration period of PD GLOBAL 2 its price may fall even below 100% of its nominal value with regard to the development of the underlying asset and market conditions. The maximum yield amount is fixed at 40% of the nominal value of PD GLOBAL 2 for the period of its duration, i.e. for 4 years. The regular annual observation and averaging of the obtained values of the index partly protects the investor from any sharp fall of prices of the observed underlying asset just before maturity. The total yield not only depends on the final value of the observed underlying asset, but also on the ongoing value of the underlying asset of PD GLOBAL 2 on observation dates in previous years. However, regular observations can also reduce the final yield (if, for example, the underlying asset increases just before maturity). You will find examples of scenarios at maturity in the leaflet.

Payment notes

How PD GLOBAL 2 works

The final yield of the four-year PD GLOBAL 2 depends on the development of the global MSCI World Price Index.
On 17 April 2023 the initial value of the underlying asset is determined.
The underlying asset is observed annually. Each year its value is recorded on the observation date.
The average value of the underlying asset is calculated from these four values obtained during the observation.
This is compared with its initial value.
The total amount of the payout at maturity is calculated: 100% of the nominal value of PD GLOBAL 2 + participation of 125% × (average value of 4 observations of the underlying asset/initial value – 1), however a minimum of 100% (see Note) and a maximum of 140%.
Even if the price of the underlying asset falls, thanks to the guarantee a minimum of 100% of the nominal value (see Note) of PD GLOBAL 2 is paid out at maturity.
For the duration period of PD GLOBAL 2 its price may fall even below 100% of its nominal value with regard to the development of the underlying asset and market conditions.
The maximum yield amount is fixed at 40% of the nominal value of PD GLOBAL 2 for the period of its duration, i.e. for 4 years.
The regular annual observation and averaging of the obtained values of the index partly protects the investor from any sharp fall of prices of the observed underlying asset just before maturity. The total yield not only depends on the final value of the observed underlying asset, but also on the ongoing value of the underlying asset of PD GLOBAL 2 on observation dates in previous years. However, regular observations can also reduce the final yield (if, for example, the underlying asset increases just before maturity).

You will find examples of scenarios at maturity in the leaflet.

Settlement
The maturity of Prémiový dluhopis is 20 April 2027 The yield and nominal value is paid out by Česká spořitelna The settlement of the buying and selling of Prémiový dluhopis takes 3 working days

Secondary market
Minimum purchased amount: 1 piece Selling price: 100%, no fee Liquidity: daily according to current market prices, indications in the Česká spořitelna, a. s. Exchange Rate List Price for early redemption: according to the current Price List (balance at the bond issue date: 2% of the transaction volume) ------------------------------------- Note: A 100% payout of the nominal value depends on the issuer being able to meet its commitments tied to PD GLOBAL 2 in case of insolvency or due to an administrative measure, as well as whether you keep PD GLOBAL 2 until the maturity date. If you decide to sell PD GLOBAL 2 before its maturity, there is no guarantee that you will receive 100% of the nominal value. Note 2: The risk weight is on a scale of increasing values from 1 to 7, where value 1 is the potentially lowest risk and yield, and value 7 the potentially highest risk and yield, provided that you keep PD GLOBAL 2 until the maturity date. The actual risk may differ substantially if you sell prematurely. The risk weight of the product is a guideline for comparing the rate of risk of PD GLOBAL 2, in comparison with other products. It shows how likely it is that you will lose money as a consequence of stock market movements or that the issuer is unable to meet its commitments. Note 3: You will find the exact expression of product costs in the PD GLOBAL 2 Subscription Instruction.

Secondary market

Minimum purchased amount: 1 piece
Selling price: 100%, no fee
Liquidity: daily according to current market prices, indications in the Česká spořitelna, a. s. Exchange Rate List
Price for early redemption: according to the current Price List (balance at the bond issue date: 2% of the transaction volume)

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Note: A 100% payout of the nominal value depends on the issuer being able to meet its commitments tied to PD GLOBAL 2 in case of insolvency or due to an administrative measure, as well as whether you keep PD GLOBAL 2 until the maturity date. If you decide to sell PD GLOBAL 2 before its maturity, there is no guarantee that you will receive 100% of the nominal value.
Note 2: The risk weight is on a scale of increasing values from 1 to 7, where value 1 is the potentially lowest risk and yield, and value 7 the potentially highest risk and yield, provided that you keep PD GLOBAL 2 until the maturity date. The actual risk may differ substantially if you sell prematurely. The risk weight of the product is a guideline for comparing the rate of risk of PD GLOBAL 2, in comparison with other products. It shows how likely it is that you will lose money as a consequence of stock market movements or that the issuer is unable to meet its commitments.
Note 3: You will find the exact expression of product costs in the PD GLOBAL 2 Subscription Instruction.

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.

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.