Look for:

Our offer for

Vontobel Memory Express Anleihe auf Voestalpine AG 23-28


ISIN:
DE000VU44249
WKN:
VU4424

2023/04/26 07:59:52
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerVontobel Financial Products GmbH
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingVOESTALPINE
Underlying ISINAT0000937503
Underlying currencyEUR
Price underlying19.08 EUR
Date2024/11/01 11:34:43
Strike Date2023/04/26
Maturity2028/05/04
Strike price30.9600 EUR
Coupon/express payment8.500%
Coupon stylevariable
Coupon barrier20.1200 EUR
Coupon barrier in %65.00%
Current redemption barrier30.9600 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-11.88 EUR
Current redemption barrier distance in %-62.26%
Final redemption barrier20.1200 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance-1.04 EUR
Final redemption barrier distance in %-5.45%
Nominal amount1,000.00

PDF download

Final TermsPDF Download


Add underlying
Add barriers
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
  • Chance to earn 8.50 % for each year
  • Missed interest payments are paid retrospectively, if the closing price of the underlying is at or above the coupon barrier at a later valuation date (memory function)
  • Possible early redemption at 100.00 % of nominal amount
  • If there was no early redemption and if there was no interest payment during the term, redemption is at 100.00 % plus 42.50 % at the end of the 5th year, if the closing price of the underlying 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 Voestalpine AG share. 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.
  • If the closing price of the underlying is below the final redemption barrier on the last valuation date, shares are delivered and there are losses for the investors. A total loss of invested capital is possible.
  • Delivered shares cause additional costs (e.g. security deposit fees, transaction fees upon sale).
  • During the term the bond price will not vary 1:1 with the underlying and premature sale may lead to capital loss.
  • The earnings are capped at 42.50 % even if the underlying has a better performance.
  • Investors bear the risk of Vontobel Holding AG, i.e. the risk of changes of the creditworthiness and the risk of insolvency.
  • 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.

2023/04/26 07:59:52
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerVontobel Financial Products GmbH
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeFRA, STU
UnderlyingVOESTALPINE
Underlying ISINAT0000937503
Underlying stock exchangeGER
Underlying currencyEUR
Price underlying19.08 EUR
Date2024/11/01 11:34:43
Issue date2023/04/26
Strike Date2023/04/26
Maturity2028/05/04
Strike price30.9600 EUR
Coupon/express payment8.500%
Coupon stylevariable
Coupon barrier20.1200 EUR
Coupon barrier in %65.00%
Current redemption barrier30.9600 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-11.88 EUR
Current redemption barrier distance in %-62.26%
Final redemption barrier20.1200 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance-1.04 EUR
Final redemption barrier distance in %-5.45%
No of shares for redemption32
Nominal amount1,000.00
Quantono
First trading day2023/04/28
Last trading day2028/04/26

Express bonds | Description

This memory express bond of Vontobel Financial Products GmbH refers to the share of Voestalpine AG (underlying). It offers an interest payment which depends on the performance of the underlying. 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 underlying on the last valuation date.


Interest payments: Interest of 8.50 % on the nominal amount is paid on the annual interest payment date, if the closing price of the underlying at the respective valuation date is at or above the coupon barrier (65.00 % of the strike price). 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 04/05/2028 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 redemption barrier (100.00 % of the strike price) on one of the valuation dates (26/04/2024, 25/04/2025, 24/04/2026, 27/04/2027). In this case investors receive the respective early redemption amount and the respective interest amount due at this time.

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

  1. If the closing price of Voestalpine AG on the last valuation date (26/04/2028) is at or above the final redemption barrier, the bond is redeemed at 100.00 % of the nominal amount (plus the relevant interest amount).

  2. If the closing price of Voestalpine AG on the last valuation date is below the final redemption barrier, investors receive shares (defined by the ratio of nominal amount / strike price) of the underlying 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: DE000VU44249 | 8,50% Vontobel Memory Express Anleihe auf Voestalpine AG 23-28 | 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 %-


2023/04/26 07:59:52
Bid Ask
- -
Difference 0.00% (0.00)

Date: 2024/11/01 12:03:53
Underlying Quote
19.01 EUR
Difference -0.21% (-0.04)

General attributes underlying

NameVOESTALPINE
ISINAT0000937503
Stock exchange (underlying)GER
Currency (underlying)EUR
Start value underlying30.9600
Price19.01
Time24/11/01 - 12:03:53
Change in %-0.21%
Today high19.17
Today low19.00
High price (52 weeks)29.08
Low price (52 weeks)19.00
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.