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Vontobel Express Anleihe auf S&P 500® 20-25


ISIN:
DE000VP9J348
WKN:
VP9J34

Subscription ended

2020/11/18 07:50:42
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerVontobel Financial Products GmbH
Product typeExpress bonds
TypeClassic
CurrencyEUR
UnderlyingS&P 500
Underlying ISINUS78378X1072
Underlying currencyUSD
Price underlying3,627.77 USD
Date2020/11/25 15:37:34
Strike Date2020/11/27
Maturity2025/12/05
Strike price-
Coupon/express payment4.000%
Coupon stylevariable
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




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
  • Chance to earn 4.00 % per year
  • Possible early redemption at 100.00 % of nominal amount
  • Risk buffer (final-redemption-barrier of 65.00 %) against a falling S&P 500® index
  • A fall of the index price below the barrier during the term has no influence on the redemption at the end of the 5th year, relevant is only the price on the last valuation date.
  • The exchange rate of the currency of the express bond (EUR) and the currency of the underlying (USD) has no direct impact on the redemption amount.
  • Bank Vontobel Europe AG will set quotes for this product during the term without being legally obliged to do so.
  • If the final price of S&P 500® 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).
  • Investors bear the risk of Vontobel Holding AG.
  • The earnings are capped at 20.00 %, 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.
  • This express 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.

Subscription ended

2020/11/18 07:50:42
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerVontobel Financial Products GmbH
Product typeExpress bonds
TypeClassic
CurrencyEUR
Stock exchangeFRA, STU
UnderlyingS&P 500
Underlying ISINUS78378X1072
Underlying stock exchange-
Underlying currencyUSD
Price underlying3,627.77 USD
Date2020/11/25 15:37:34
Issue date2020/11/27
Strike Date2020/11/27
Maturity2025/12/05
Strike price-
Coupon/express payment4.000%
Coupon stylevariable
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
No of shares for redemption-
Nominal amount1,000.00
Quantoyes
First trading day2020/12/01
Last trading day2025/11/28

Express bonds | Description

This express bond of Vontobel Financial Products GmbH refers to the S&P 500® index. The bond will be redeemed on 05/12/2025 if there is no automatic early redemption.

There is an automatic early redemption, if the final price of the underlying is at or above the redemption barrier (100.00 % of the strike price) on the valuation date (29/11/2021, 28/11/2022, 28/11/2023, 27/11/2024). Then the early redemption amount of 100.00 % of the nominal amount plus 4.00 % for each year is paid on the early repayment date.

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

1. If the final price of S&P 500® index is at or above the final-redemption-barrier on the last valuation date (28/11/2025), investors receive 100.00 % of the nominal amount plus 20.00 % (= 5 x 4.00 %).

2. If the final price of S&P 500® index is below the final-redemption-barrier on the last valuation date, investors receive units of the iShares Core S&P 500 UCITS ETF USD (Acc) determined on the last valuation date. There is no interest payment upon maturity. 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 which is converted to EUR based on the exchange rate on the last valuation date. The bond is therefore currency-hedged ("quanto"). Fractions of units 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/DE000VP9J348

Price information

Today open100.50
Today high100.50
Today low100.50
Close (previous day)100.50
Spread in %0 %
Spread absolute-
Spread harmonised-
High price (52 weeks)100.50
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 %-


Subscription ended

2020/11/18 07:50:42
Bid Ask
- -
Difference 0.00% (0.00)

Date: 2020/11/25 15:37:34
Underlying Quote
3,627.77 USD
Difference -0.21% (-7.64)

General attributes underlying

NameS&P 500
ISINUS78378X1072
Stock exchange (underlying)-
Currency (underlying)USD
Start value underlying-
Price3,627.77
Time20/11/25 - 15:37:34
Change in %-0.21%
Today high3,635.50
Today low3,626.45
High price (52 weeks)3,645.99
Low price (52 weeks)2,191.86


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

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