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5.80 % Vontobel Fix Kupon Express Anleihe auf Nasdaq 100® 23-27


ISIN:
DE000VM1BW97
WKN:
VM1BW9

2023/09/22 08:11:32
Bid Ask
- 100.00
Difference 0.00% (0.00)

General attributes

IssuerVontobel Financial Products GmbH
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
UnderlyingNASDAQ 100
Underlying ISINUS6311011026
Underlying currency-
Price underlying14,701.10
Date2023/09/22 23:16:00
Strike Date2023/09/28
Maturity2027/10/05
Strike price-
Coupon/express payment5.800%
Coupon stylefix
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00

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Final TermsPDF Download
Key Information DocumentPDF Download


Interactive chart
Our analysts say...


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
  • Fixed earnings of 5.80 % per year
  • Possible early redemption at 100.00 % of nominal amount
  • Risk buffer (final-redemption-barrier of 65.00 %) in case of a falling index price of NASDAQ 100® Price Index.
  • A fall of the index price below the barrier during the term has no influence on the redemption at the end of the 4th year, relevant is only the price on the last valuation date.
  • Bank Vontobel Europe AG will set quotes for this product during the term without being legally obliged to do so.
  • If the closing price of NASDAQ 100® Price Index is below the barrier (65.00 %) on the last valuation date, there are losses for the investors. A total loss of invested capital is possible.
  • In case of delivery of ETF units additional costs occur (e.g. securities deposit fee, sales fees).
  • The earnings are capped at 23.20 %, even if the index performs better.
  • During the term the bond price will not vary 1:1 with the underlying and premature sale may lead to capital loss.
  • Investors bear the risk of Vontobel Holding AG, i.e. the risk of changes of the creditworthiness and the risk of insolvency.
  • This express bond is not covered by any deposit guarantee scheme. Investors are exposed to the risk that Vontobel Holding AG 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.

2023/09/22 08:11:32
Bid Ask
- 100.00
Difference 0.00% (0.00)

General attributes

IssuerVontobel Financial Products GmbH
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
Stock exchangeFRA, STU
UnderlyingNASDAQ 100
Underlying ISINUS6311011026
Underlying stock exchange-
Underlying currency-
Price underlying14,701.10
Date2023/09/22 23:16:00
Issue date2023/09/28
Strike Date2023/09/28
Maturity2027/10/05
Strike price-
Coupon/express payment5.800%
Coupon stylefix
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
No of shares for redemption-
Nominal amount1,000.00
Quantoyes
First trading day2023/10/02
Last trading day2027/09/28

Express bonds | Description

This express bond of Vontobel Financial Products GmbH refers to the NASDAQ 100® index. Regardless of the performance of the underlying, there is an annual interest payment of 5.80 % of the nominal amount. The bond will be redeemed on 05/10/2027 if there is no automatic early redemption.

There is an automatic early redemption, if the closing price of the underlying is at or above the strike price on one of the valuation dates (30/09/2024, 29/09/2025, 28/09/2026). In this case investors receive the respective early redemption amount of 100.00 % on the repayment date.

If the express bond has not been redeemed early, there are two possibilities at maturity:

  1. If the closing price of NASDAQ 100® Index is at or above the final-redemption-barrier on the last valuation date (28/09/2027), investors receive the nominal amount plus the interest payment of 5.80 % for the final year.

  2. If the closing price of NASDAQ 100® index is below the final redemption barrier on the last valuation date, investors receive units of the iShares NASDAQ 100 UCITS ETF USD (Acc) determined on the last valuation date, in addition the interest of 5.80 % for the final year is paid. In this case there is a capital loss. The number of deliverable ETF units is calculated as the nominal amount multiplied by the performance of the underlying divided by the net asset value of the ETF. ince the underlying and the unit of the ETF 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 last valuation date. The bond is thereby currency-hedged ("quanto"). Fractions of units are settled in cash in EUR. 

Information on the product during the term can be found on the issuer's website: DE000VM1BW97 | 5,80% Vontobel Fix Kupon Express Anleihe auf Nasdaq 100® 23-27 | Vontobel Zertifikate

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %-
Spread absolute-
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 %-


2023/09/22 08:11:32
Bid Ask
- 100.00
Difference 0.00% (0.00)

Date: 2023/09/22 23:16:00
Underlying Quote
14,701.0966 USD
Difference +0.05% (6.85)

General attributes underlying

NameNASDAQ 100
ISINUS6311011026
Stock exchange (underlying)-
Currency (underlying)-
Start value underlying-
Price14,701.096631
Time23/09/22 - 23:16:00
Change in %0.05%
Today high14,855.91953
Today low14,686.843674
High price (52 weeks)15,932.0502642
Low price (52 weeks)10,440.6384259
Interactive chart


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

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