Reverse Convertible ČEZ 05/2025 II
ISIN: XS2773269498  

 
2024/07/11 11:30:00
Bid Ask
99.84 -
Minimum yield -
Difference 0.10%(0.10)
General attributes
IssuerGoldman, Sachs & Co. Wertpapier GmbH
Product typeReverse convertibles
CurrencyCZK
UnderlyingČEZ AS
Price underlying900.00 -
Date2024/07/11 14:20:44
Maturity2025/05/20
Coupon7.500%
Strike-
Barrier-
Barrier in %80.00%
Barrier distance-
Barrier distance in %-
Barrier reachedno
Capital gains taxno
EU withholding taxno
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
How does Reverse Convertible ČEZ 05/2025 II work

  • A fixed interest of 7.5% for 1 year is always paid out, regardless of the development of the underlying asset – shares of ČEZ, a.s.
  • The pay out of the nominal value of the debt security depends on the development of the underlying asset – shares of ČEZ, a.s.
  • The initial value (see Note) of the underlying asset shall be determined on 13 May 2024.
  • If on the date of determination of the closing value (13 May 2025) of the shares of ČEZ, a.s. this value does not fall below 80% of their initial value (see Note), then 100% of the nominal value of the Reverse Convertible ČEZ 05/2025 II debt security and fixed interest of 7.5% will be paid out on the maturity date.
  • If on the date of determination of the closing value of the shares of ČEZ, a.s. this value falls below 80% of its initial value (see Note), then the fixed interest of 7.5% will be paid out on the maturity date and the shares of ČEZ, a.s. will be transferred to the client’s asset account in the number corresponding to the nominal value of the Reverse Convertible ČEZ 05/2025 II debt security and in the initial share price. The number of paid out shares per one security = nominal value of 30,000 CZK/initial value of the shares of ČEZ, a.s. The remainder, which is less than the value of 1 share, shall be paid out in monies. This remainder will take into account the performance of the shares of ČEZ, a.s. by multiplying their closing value.
  • Česká spořitelna pays out the yield and nominal value.
  • It takes 2 working days to settle the buying and selling of a Premium Bond.
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 of structured financial instruments and shares
  • strive to appreciate the invested funds
  • can accept the rate of risk which corresponds to a risk weight of 5 (on a scale of 1 to 7)
  • can bear any loss of invested funds as illustrated by possible performance scenarios see Key Information Document (KID)
  • are interested in keeping the product throughout its duration period, i.e. to 20 May 2025.
This product is not intended for investors (product’s negative target market), who:
  • do not have sufficient knowledge of the structured financial instruments and shares
  • are not able, in case of unfavourable development of the investment, to bear the loss of the invested funds stated in the Key Information Document (KID)
The client’s compatibility with the product’s target market will be evaluated during the buying process.
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* The Reverse Convertible ČEZ 05/2025 II debt security does not guarantee a return on the invested amount and the investor could lose the entire or part of the investment.
* The holder of the Reverse Convertible ČEZ 05/2025 II debt security bears the credit risk of the issuer and guarantor.
* Be aware of the risk of inflation. Investors should be aware that the fair value of the investment, including any yield, can fall in connection with how inflation reduces the value of the product’s currency.

More information you wil find in the leaflet.
Secondary market
  • Minimum purchased amount: 1 piece
  • Price for early redemption: according to the current Price List (balance at the bond issue date: 2% of the transaction volume)
  • Selling price: 100%, no fee
  • Liquidity: daily according to current market prices, indications in the Česká spořitelna, a. s. Exchange Rate List
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Note: The initial share value is the closing ČEZ, a.s. share price of 1 May 2024 on the Prague Stock Exchange.
Note 2: You will find the precise expression of the product costs in the Reverse Convertible ČEZ 05/2025 II Subscription Order.
 
 
Disclaimer
You will get more details of advantages, risks and other significant circumstances related to Certificates at the branches of Česká spořitelna. Information about previous performance does not guarantee future performance. The information sources used are generally regarded as reliable, although Česká spořitelna cannot guarantee the correctness and completeness of the information contained therein. The aim of this material 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 contained in this material is of informative nature only. Before using the material for investment, a specialized consultant should be contacted.