Look for:

Our offer for

Vontobel Multi Memory Express Anleihe Technologie 23-28


ISIN:
DE000VM2A1H6
WKN:
VM2A1H
- -
Bid Ask
- -
Difference - (-)

General attributes

IssuerVontobel Financial Products GmbH
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingINFINEON
SAP
Strike Date2023/10/24
Maturity2024/10/31
Coupon/express payment12.000%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00

PDF download

Final TermsPDF Download


  •  

Underlyings

Underlying Name and ISINCurrencyPrice underlyingCurrent red. barrCurr.red. barr. dist %Final red. barr.Final red. barr. dist %
INFINEON
DE0006231004		EUR29.0029.0700-0.26%18.896034.83%
SAP
DE0007164600		EUR216.05125.760041.79%81.740062.17%
Advantages Risks you should be aware of
  • Chance to earn interest of 12.00 % p.a.
  • 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.
  • Bank Vontobel Europe AG will set quotes for this product during the term, nevertheless, is not obliged to it.
  • If there was no early redemption and if there was no interest payment during the term, redemption is at 100 % plus 60.00 % 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.
  • 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 (Emittentin), 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 60.00 %, 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 (Emittentin) 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.

- -
Bid Ask
- -
Difference - (-)

General attributes

IssuerVontobel Financial Products GmbH
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeFRA, STU
UnderlyingINFINEON
SAP
Issue date2023/10/24
Strike Date2023/10/24
Maturity2024/10/31
Coupon/express payment12.000%
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 day2023/10/26
Last trading day2028/10/24

Express bonds | Description

This memory express bond (worst-of) issued by Vontobel Financial Products GmbH refers to the share of Infineon Technoligies AG and SAP SE (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 final valuation date.

Interest payments: Interest of 12.00 % on the nominal amount is paid on the annual interest payment dates, if the closing price of the underlying with the worst performance 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 31/10/2028 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 redemption barrier (100.00 % of the strike price) on one of the valuation dates (24/10/2024, 24/10/2025, 23/10/2026, 22/10/2027). 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 (24/10/2028), the bond is redeemed at 100.00 % of the nominal amount (plus the relevant interest amount).

  2. If the closing price of the underlying with the worst performance is below the final redemption barrier on the last valuation date, a predetermined number of 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. Furthermore, there is no interest payment at maturity.

 

Information on the product during the term can be found on the issuer's website: DE000VM2A1H6 | Vontobel Multi Memory Express Anleihe Technologie 23-28 | Vontobel Zertifikate

Price information

Today open-
Today high-
Today low-
Close (previous day)-
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)-
Low price (52 weeks)-

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 %-


- -
Bid Ask
- -
Difference - (-)

Date: 2024/11/01 14:12:26
Underlying Quote
28.995 EUR
Difference -0.10% (-0.03)

General attributes underlying

NameINFINEON
ISINDE0006231004
Stock exchange (underlying)GER
Currency (underlying)EUR
Price28.995
Time24/11/01 - 14:12:26
Start value underlying29.0700
Strike price29.0700
Coupon barrier18.8960
Current redemption barrier29.0700
Current redemption barrier distance-0.07
Current redemption barrier distance in %-0.26%
Final redemption barrier18.8960
Final redemption barrier distance10.10
Final redemption barrier distance in %34.83%
No of shares for redemption34
Today high29.19
Today low28.83
High price (52 weeks)39.345
Low price (52 weeks)27.09
Add barriers
Interactive chart


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.

Contact

Do you have any further questions which are not covered in our know-how area? Please ask directly our product specialists via our contact form.



Decline
Accept

We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.

INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Erste Group Bank AG or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites”) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions (the “Interested Party“).

The publication and distribution of information as well as offering and selling of products and services described on the Websites is prohibited by law in some jurisdictions. For this reason, persons in countries in which the publication as well as the offering and selling of products and services described on the Websites are not permitted by law, must not enter the Websites and/or acquire the products displayed on the Websites.

Neither Erste Group nor any third party shall offer access to the Websites or offer the products to especially, but not limited to citizen/residents of the United States and “U.S. person” (as defined in Regulation S under the US Securities Act 1933 as amended). For this reason, the distribution or redistribution of the information, materials and products into United States or into any other jurisdiction where it is not permitted under the applicable law, as well as to the citizens/residents of these countries shall be prohibited. The securities displayed on the Websites have not been and will not be registered under the US Securities Act of 1933 and trading in the securities has not been approved for purposes of the US Commodities Exchange Act of 1936. For this reason the securities may, inter alia, not be offered, sold or delivered within the United States or, for the account and benefit of U.S. persons.

The Interested Party is solely responsible to examine, whether he may enter the Websites under the law applicable to it. Erste Group shall not be responsible for the distribution of content of any of the Websites to individuals or entities which provide false information about their right to enter the Websites. For this reason Erste Group shall not be liable for any legal claims or damages which may result from the unauthorized entering or reading of the Websites.

By agreeing to this hereto, the Interested Party confirms that
(i) It has read, understood and accepted this Information and the Disclaimer;
(ii) It informed itself about any possible legal restriction and warrants that it is not restricted or prohibited to enter the Websites according to any law applicable; and
(iii) It does not make available the contents of the Websites to any person who is not qualified by law to enter the Websites.