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Vontobel Multi Memory Express Anleihe US Retailer 22-27 (USD)


ISIN:
DE000VV3NT89
WKN:
VV3NT8

2022/06/22 08:28:36
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerVontobel Financial Products GmbH
Product typeExpress bonds
TypeMemory
CurrencyUSD
UnderlyingAMAZON
TARGET
Strike Date2022/06/13
Maturity2027/06/22
Coupon/express payment15.850%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00

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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

Underlyings

Underlying Name and ISINCurrencyPrice underlyingCurrent red. barrCurr.red. barr. dist %Final red. barr.Final red. barr. dist %
AMAZON
US0231351067
USD101.84103.6700-1.80%67.390033.83%
TARGET
US87612E1064
USD172.42144.810016.01%94.130045.41%
Advantages Risks you should be aware of
  • Investors could profit from a strengthening US-Dollar against the Euro.
  • Chance to earn interest of 15.85 % p.a. in USD
  • Missed interest payments are paid retrospectively, if the closing price of the underlying with the worst performance is at or above the coupon barrier at a later valuation date (memory function).
  • Possible early redemption at 100.00 % of nominal amount in USD
  • If there was no early redemption and no interest payment during the term, redemption is at 100 % plus 79.25 % in USD at the end of the 5th year, if the closing price of the underlying with the worst performance is at or above the final-redemption-barrier on the last valuation date.
  • Risk buffer (final-redemption-barrier of 65.00 %) compared to a direct investment in the underlyings. A fall of the share price below the barrier during the term has no influence on the redemption at the end of the 5th year, relevant is only the closing price on the last valuation date.
  • Bank Vontobel Europe AG  will set quotes during the term without being legally obliged to do so.
  • Euro-investors bear the currency risk of US-Dollar to Euro, as the bond is listed in US-Dollar.
  • The risk of capital loss depends on the underlying with the worst performance (worst-of). For this product with worst-of structure despite several underlyings there is no risk diversification by spreading the market risk as for a conventional basket product; instead there is a risk concentration.
  • If according to the repayment terms shares are delivered upon maturity, there may be losses for the investors. Delivered shares cause additional costs (e.g. security deposit fees, transaction fees upon sale).
  • Investors bear the risk of the issuer Vontobel Holding AG, i.e. the risk of changes of the creditworthiness and the risk of insolvency. 
  • During the term the bond price will not vary 1:1 with the underlyings and premature sale may lead to capital loss.
  • The earnings are capped at 79.25 %, even if the underlyings perform better.
  • This memory 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.

2022/06/22 08:28:36
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerVontobel Financial Products GmbH
Product typeExpress bonds
TypeMemory
CurrencyUSD
Stock exchangeFRA
UnderlyingAMAZON
TARGET
Issue date2022/06/13
Strike Date2022/06/13
Maturity2027/06/22
Coupon/express payment15.850%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00
Quantono
First trading day2022/06/17
Last trading day2027/06/14

Express bonds | Description

This memory express bond (worst-of) of Vontobel Financial Products GmbH refers to the shares of Amazon.com Inc. and Target Corp. (underlyings). It offers an interest payment which depends on the performance of the underlyings. The bond has a term of five years, if there is no early redemption. The redemption at maturity depends on the closing price of the underlyings on the last valuation date.

Interest payments: Interest of 15.85 % on the nominal amount in USD is paid on the annual interest payment date, if the closing price of all underlyings is at or above the coupon barrier (65.00 % of the strike price) on the valuation date. Otherwise, there is no interest payment. If the interest payment has not been triggered at one or several interest payment dates but has been triggered at a later interest payment date, the interest payments of the earlier periods are paid retrospectively (memory function).

Redemption: The bond will be redeemed on 22/06/2027 if there is no automatic early redemption. There is an automatic early redemption, if the closing price of the underlying with the worst performance is at or above the early redemption barrier (100.00 % of the strike price) on one of the valuation dates (14/06/2023, 14/06/2024, 13/06/2025, 12/06/2026). In this case the early redemption amount and the interest amount due at this time are paid.

If there is no early redemption the bond will be redeemed at maturity as follows:

  1. If the closing price of the underlying with the worst performance is at or above the final redemption barrier on the last valuation date (14/06/2027), the bond is redeemed at 100.00 % of the nominal amount in USD (plus the relevant interest amount in USD).

  2. If the closing price of the underlying with the worst performance is below the final redemption barrier on the last valuation date, shares (defined by the ratio nominal amount / strike price) of the underlying with the worst performance (worst-of) is delivered. Fractions of shares are settled in cash in USD. Furthermore, there is no interest payment at maturity.

Information on the product during the term can be found on the issuer's website: DE000VV3NT89 | Vontobel Multi Memory Express Anleihe US Retailer 22-27 (USD) | 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 %-


2022/06/22 08:28:36
Bid Ask
- -
Difference 0.00% (0.00)

Date: 2023/02/01 17:30:54
Underlying Quote
101.855 USD
Difference -1.24% (-1.27)

General attributes underlying

NameAMAZON
ISINUS0231351067
Stock exchange (underlying)NMS
Currency (underlying)USD
Price101.855
Time23/02/01 - 17:30:54
Start value underlying103.6700
Strike price103.6700
Coupon barrier67.3900
Current redemption barrier103.6700
Current redemption barrier distance-1.82
Current redemption barrier distance in %-1.78%
Final redemption barrier67.3900
Final redemption barrier distance34.47
Final redemption barrier distance in %33.84%
No of shares for redemption-
Today high102.75
Today low101.24
High price (52 weeks)170.8315
Low price (52 weeks)81.43


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

Know-How

In our know-how area you can find all relevant details on the different types of certificates. The tutorial gives you selected information about the functionality of structured products and assists you in making your investment decision.

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