Why buy Reverse Convertible KB 04/2020:
- Attractive absolute 4.2% yield in 8 months always paid out irrespective of the trend of the underlying asset.
- The maturity of Reverse Convertible KB 04/2020 is before the record day for the payment of the dividend of the underlying asset – the share of Komerční banka, a.s.
- In the event of an unfavourable trend of the underlying asset price, the nominal value of Reverse Convertible KB 04/2020 will be paid out in shares of Komerční banka, 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 or on the investment portal www.investicnicentrum.cz.
- The Reverse Convertible KB 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 KB 04/2020 bond bears the issuer’s credit risk and the exchange rate risk.
- If the value of KB share falls below 100% of its initial value (see Note) on the date of fixing the closing value of the underlying asset, a fixed 4.2% interest will be paid out on the maturity date and the holder of the Reverse Convertible KB 04/2020 will be paid its nominal value in shares of KB. - The Reverse Convertible KB 04/2020 bond is subject to English law.
- Issuer: Credit Suisse AG (acting through its London branch)
- Underlying asset: Ordinary shares of Komerční banka, a.s. – ISIN CZ0008019106
- Fixed interest for the duration of the product always paid out: 4.2% (6.3 % p.a.)
- Subscription period: 25 July 2019 (9.00) – 31 July 2019 (16.00), may be shortened
- Barrier for payout of the product nominal value: 100% (see Note) initial values of Komerční banka, a.s. share
- Issue date: 7 August 2019
- Date of fixing the initial value: 31 July 2019
- Date of fixing the closing value: 31 March 2020
- Product costs valid on the subscription staring date: 1.36% (2.04% p.a.), you will find the precise expression of the product costs in the Instruction for Subscription of Reverse Convertible KB 04/2020
- Early redemption provision price: 2% of the transaction volume
- Nominal value: CZK 10,000
- Minimum investment: 1 piece
- Currency (Czech crown) CZK