Reverse Convertible Moneta 04/2020

ISIN: XS1989541799  

 
2019/12/06 00:00:00
Bid Ask
100.42 -
Minimum yield -
Difference 0.00%(0.00)
General attributes
IssuerCredit Suisse AG
Product typeReverse convertibles
CurrencyCZK
UnderlyingMONETA Money Bank, a. s.
Price underlying84.10 CZK
Date2019/12/06 15:25:06
Maturity2020/04/03
Coupon8.000%
Strike-
Barrier-
Barrier in %100.00%
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

Why buy Reverse Convertible Moneta 04/2020:

  • Attractive absolute 6% yield in 9 months always paid out irrespective of the trend of the underlying asset.
  • The product matures before the record date for the payment of the dividend of the underlying asset – the shares of MONETA Money Bank, a.s.
  • In the event of an unfavourable trend of the underlying asset price, the nominal value of the bond will be paid out in shares of MONETA Money Bank, a.s.
  • Renowned issuer Credit Suisse AG (Moody's A1 / Standard & Poor's A+ / Fitch A).
  • Electronic version of the prospectus is published on the website of Credit Suisse AG https://www.credit-suisse.com/cz/en.html.
  • You will find out how the Reverse Convertible Moneta 04/2020 bond works and examples of scenarios at maturity in the leaflet.
  • The Reverse Convertible Moneta 04/2020 bond 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 Reverse Convertible Moneta 04/2020 bond bears the issuer’s credit risk and the exchange rate risk.
  • If the value of MONETA Money Bank, a.s. share falls below 100% of its initial value (see Note) on the date of fixing the closing value of the underlying asset, a fixed 6% interest will be paid out on the maturity date and the holder of the bond will be paid out its nominal value in shares of MONETA Money Bank, a.s.
  • The Reverse Convertible Moneta 04/2020 bond is subject to English law.
  • Issuer: Credit Suisse AG (acting through its London branch)
  • Underlying asset: Ordinary shares of MONETA Money Bank, a.s. – ISIN CZ0008040318
  • Fixed interest for the duration of the product always paid out: 6% (8% p.a.)
  • Subscription period: 17 June 2019 (9.00)–26 June 2019 (16.00), may be shortened
  • Barrier for payout of the product nominal value: 100% (see Note) initial values of MONETA Money Bank, a.s. share.
  • Issue date: 3 July 2019
  • Date of fixing the initial value: 26 June 2019
  • Date of fixing the closing value: 27 March 2020
  • Distributor’s costs valid on the subscription starting date: 0.52% (0.69 % p.a.), you will find the precise expression in the Reverse Convertible Moneta 04/2020 Purchase Agreement
  • Issuer’s costs valid on the subscription starting date: you will find the precise expression in the Notification of Key Information
  • Early redemption provision price: 2% of the transaction volume
  • Product risk weight: 4 (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)
  • Nominal value: CZK 10,000
  • Minimum investment: 1 piece
  • Currency: (Czech crown) CZK
Secondary market
  • Maturity date is on 3 April 2020
  • Minimum purchased amount: 1 piece
  • Price at subscription: 100%, free of charge
  • Liquidity: daily according to current market prices in the Exchange Rate List of Česká spořitelna, a.s.

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Note: The initial value of the share is the closing price of the shares of MONETA Money Bank, a.s. of 26 June 2019 on the Prague Stock Exchange.

 
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.