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7.85 % Vontobel Protect Pro Reverse Convertible Bond on Teva Pharmaceutical Industries Ltd 21-22


ISIN:
DE000VQ3J5T3
WKN:
VQ3J5T

2021/02/12 07:59:30
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerVontobel Financial Products GmbH
Product typeReverse convertibles
CurrencyEUR
UnderlyingTEVA
Price underlying10.29 USD
Date2021/05/06 22:10:00
Strike Date2021/02/12
Maturity2022/02/18
Coupon7.850%
Strike11.1200 USD
Barrier6.6800 USD
Barrier in %60.00%
Barrier distance3.61 USD
Barrier distance in %35.08%
Barrier reachedno

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Final TermsPDF Download




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: Erste Group Bank AG
Advantages Risks you should be aware of
  • Investors receive a fixed coupon of 7.85 % p.a.
  • Additional risk buffer in case of a falling price of Teva Pharmaceutical Industries Ltd. ADR.
  • Redemption at 100 % of nominal amount if the barrier is not touched or broken on the valuation date.
  • Bank Vontobel Europe AG will set quotes for this product during the term, nevertheless, is not obliged to it.
  • The exchange rate of the currency of the bond (EUR) and the currency of the underlying (USD) has no direct impact on the redemption amount.
  • Profit is capped at 7.85 % p.a. even if the underlying shows a better performance.
  • By an allocation of ADRs, their value is less than the face value of the bond, therefore a significant loss can occur. A total loss of invested capital is possible.
  • Delivered ADRs cause additional costs (e.g. security deposit fees, transaction fees upon sale).
  • During the term fluctuations are possible and premature sale may lead to capital loss. Limitation of trading of this bond is possible.
  • This protect pro reverse convertible bond is not covered by any deposit guarantee scheme. Investors are exposed to the risk that Vontobel Holding AG may not be able to meet its obligations arising from the bond in the event of insolvency or over-indebtedness or from an official order (bail-in regime). A total loss of invested capital is possible.

Secondary market

During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.


2021/02/12 07:59:30
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerVontobel Financial Products GmbH
Product typeReverse convertibles
Stock exchangeFRA, STU
UnderlyingTEVA
Underlying ISINUS8816242098
Underlying stock exchangeNYS
Underlying currencyUSD
Price underlying10.29 USD
Date2021/05/06 22:10:00
Issue date2021/02/12
Coupon7.850%
Strike11.1200 USD
Barrier6.6800 USD
Barrier in %60.00%
Barrier distance in %35.08%
Barrier distance3.61 USD
Barrier reachedno
Number of share for redemption in shares-
Quantoyes
Nominal amount1,000.00
CurrencyEUR

Reverse convertibles | Description

This protect pro reverse convertible bond issued by Vontobel Financial Products GmbH refers to the ADRs of Teva Pharmaceutical Industries Ltd. (underlying). It has a fixed term (maturity date: 18/02/2022) and a risk buffer (= barrier; "protect pro"). At maturity investors receive an interest payment of 7.85 % p.a. based on the nominal amount (1,000 EUR) regardless of the performance of the underlying.

The repayment of the nominal amount depends on the performance of the underlying.

  1. The underlying is above the barrier (60.00 % of the strike price) on the valuation date (11/02/2022). In this case investors receive the nominal amount.

  2. The underlying is at or below the barrier on the valuation date. Investors then receive ADRs of the underlying, defined by the ratio (nominal amount / strike price, converted to EUR). Since the underlying is quoted in a different currency than the bond, the strike price is converted into the currency of the bond on the basis of the applicable exchange rate on the valuation date. The bond is thereby currency-hedged ("quanto"). Fractions are settled in cash. 


Information on the product during the term can be found on the issuer's website: https://zertifikate.vontobel.com/DE/Produkt/DE000VQ3J5T3

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %0.00 %
Spread absolute0.00
Spread harmonised-
High price (52 weeks)100.00
Low price (52 weeks)100.00

Performance

Performance YTD in %-
Performance 1 month in %-
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2021/02/12 07:59:30
Bid Ask
- -
Difference 0.00% (0.00)

Date: 2021/05/06 22:10:00
Underlying Quote
10.29 USD
Difference -0.68% (-0.07)

General attributes underlying

NameTEVA
ISINUS8816242098
Stock exchange (underlying)NYS
Currency (underlying)USD
Start value underlying11.1200
Price10.29
Time21/05/06 - 22:10:00
Today high10.39
Today low10.13
High price (52 weeks)13.30
Low price (52 weeks)8.44


Information about previous performance does not guarantee future performance.
Source: FactSet

Recent research



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