Investment certificates

Investment certificates from Komerční banka are designed to allow you to profit from different market scenarios. Here is an overview of how selected types of certificates work and how they can help you to effectively value your funds.

Phoenix Plus Note
Phoenix Plus Note provides you with a regular coupon return if the price of the underlying asset remains above a specified barrier. Even if the price falls below this barrier, you have a chance of receiving a return if the price recovers above the specified level at the end of the investment period. Ideal for investors who expect moderate market fluctuations during which they want to receive regular returns. 

Operating principle:

• Regular coupon payments unless the price of the underlying asset falls below a barrier.
• Protection of capital in the event of a recovery of the asset at the end of the period.
• Yield even in stagnant or slightly declining markets.

Eagle Note
Eagle Note offers the potential for higher appreciation if the underlying asset is at a set level at the end of the investment period. This certificate does not pay regular coupons, but provides an attractive lump sum return at the end of the maturity period if specified conditions are met. It is suitable for investors who are willing to take on more risk in exchange for the potential of higher returns.

Operating principle:

• A one-off return at the end of the investment period.
• The return depends on the underlying asset reaching a specified value.
• Higher appreciation potential for investors willing to take more risk.

Airbag Note
The Airbag Note is designed for investors who want to achieve attractive returns while having capital protection during market downturns. This certificate provides an ‘airbag effect’ that protects the invested capital until the value of the underlying asset falls below a specified protection barrier. 

Operating principle:

• Participation in the growth of the value of the underlying asset
• Protection of the invested capital when the value of the underlying asset falls up to the protection barrier value.
• Loss occurs if the underlying asset falls below an agreed level

Bonus certificate
Bonus certificates provide a bonus return if the price of the underlying asset remains above a certain barrier throughout the investment period. Even if the market falls slightly, you can earn a return.

Working principle:

• Bonus return if the price does not fall below the barrier.
• Capital protection even in slightly falling or stagnant markets.
• Yield even in less favourable market developments.

Investment certificates offer different approaches to returns, risk and capital protection. For more detailed information on each type of certificate and help in selecting the right one for your needs, feel free to contact your banker.

“This communication is for informational and non-binding purposes only and does not constitute an offer or an invitation to tender. Unless otherwise stated, the contents of this communication cannot be interpreted as the provision of investment recommendations or advice or other investment services. 

The target market was not taken into account in this communication - you may be outside the target market or even in a negative target market of the listed investment products; general information is available here or you can request it from your relationship manager. 

This communication does not in any way replace the fund’s statute or key investor information document (KIID); the bank hereby urges you to thoroughly review the aforementioned documents before making an investment decision, especially to understand the potential risks associated with such a decision. There are various risks associated with these products (especially market risk) and the return of the originally invested amount is not guaranteed. Any information about past performance is not a reliable indicator of future results. If your home currency is different from the currency of the instrument in question, its yield may rise or fall due to fluctuating currency movements. You will receive more information prior to a transaction or upon request. 

This communication may contain information relating to investment products or issuers in which the bank or another group entity involved in the preparation of this communication has its own interests; in particular, it may have direct or indirect participation in such entities or carry out operations with investment products relating to such entities. Consequently, the bank may wish to promote the sale of such instrument instead of similar third-party products. General information is available here or it will be communicated to you by your relationship manger upon request. 

Komerční banka, a.s., with its registered office at Na Příkopě 33, 114 07 Prague 1, ID No. (IČO): 45317054, registered in the Commercial Register maintained by the Municipal Court in Prague in file no. B 1360, is a bank and securities dealer within the meaning of the applicable legislation and is subject to the supervision of the Czech National Bank. 

Any additional information will be made available to you by a relationship manager, who will be happy to answer any questions you may have. Alternatively, such information is included in the relevant documents that you have received or will receive from us. 

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