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Vontobel 5,90% EURO STOXX 50 AUTOCALL


ISIN:
DE000VU6LRM1

Date: 2024/02/22 00:00:00
Bid Ask
- -
Difference -0.06% (-0.06)

General attributes

Type of bondStructured bonds and notes
Bond stylesenior
Issuer typefinancial institution
Country of issueDE
Current coupon5.900%
Coupon stylefix
Coupon payment date2024/05/27
Coupon payment periodannually
Value date2023/05/31
Maturity2027/06/02
Repayment value0.00
CurrencyEUR
Nominal value1,000
Accrued Interest43.59
Yield to maturity p.a. (before capital gains tax)-
Investor tolerance3 (scale 1-7)
Last trading day2027/05/26

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The chart is composed of values which are the arithmetic average values of bid / ask (MID) from previous working day. Performances under 12 month have only little informative value. Information about previous performance does not guarantee future performance.
Source: Česká spořitelna, a. s.
Advantages Details you should be aware of
What does Vontobel 5.90% EURO STOXX 50 AUTOCALL offer
  • Possibility to obtain an attractive yield of up to 23.6% in 4 years.
  • Fixed yield of 5.90% p.a.(viz Note) is paid out annually and independently of the trend of the underlying index – EURO STOXX 50 until the maturity date or the date of early repayment. 
  • Vontobel 5.90% EURO STOXX 50 AUTOCALL can be automatically repaid early already after the first year of its duration and consequently each year for its duration provided that the EURO STOXX 50 index at the observation date is at or above the valid barrier for early repayment. 
  • Interesting barrier level of 65% of the initial value (viz Note 2) of the EURO STOXX 50 stock index for payout of the nominal value of the Vontobel 5,90% EURO STOXX 50 AUTOCALL debt security at its maturity date. 
  • Barrier for automatic early repayment: 100%, monitored  1x per year.  
  • Vontobel 5.90% EURO STOXX 50 AUTOCALL is denominated in EUR. 
  • EURO STOXX 50 is a diversified index representing largest European companies. 

  • An electronic version of the Basic Prospectus is published on the issuer´s website https://prospectus.vontobel.com/, or at www.investicnicentrum.cz/prospekty. An electronic version of the Notification of Key Information is Publisher on the website https://derinet.vontobel.ch/api/kid?isin=DE000VU6LRM1&language=cs, or you can find on the investment portal www.investicnicentrum.cz.
Please note that the target market of this investment instrument is listed below. If you do not meet any of the listed parameters, you may be outside the specified target market!
 
The target market defines the set of investors (retail clients) for whom the investment product is intended.
 
This investment product  is intended for investors who:
  • have sufficient knowledge and/or experience regarding structured products and shares.
  • seek investment profit
  • are able to accept a level of risk that is in accordance with the risk indicator of the product specified in General attributes.
  • In the event of an unfavorable development of the investment, they are able to bear the possible loss, which is ilustrated by performance scenarios, see Key Information Document (KID).
  • are interested in holding the product until the maturity specified in General attributes.

    This product is not intended for investors (negative product target market) who are unable to bear the possible loss of invested funds in the event of an unfavorable development of the investment.
  • -------------------------------------
    • The holder of Vontobel 5.90% EURO STOXX 50 AUTOCALL bears the issuer´s and guarantor´s credit risk. 
    • If as of the fixing date of fixing the closing valueof the underlying index EURO STOXX 50 its values falls below the barrier of 65% of its initial value (viz Note 2), a holder of Vontobel 5.90% EURO STOXX 50 AUTOCALL will have ETFs transferred to his asset account on the maturity date tied to the underlying index EURO STOXX 50, iShares Core EURO STOXX 50 UCITS ETF (ISIN DE0005933956) in the number corresponding to the nominal value of Vontobel 5.90% EURO STOXX 50 AUTOCALL in the initial ETF value. The number of paid out ETFs per one pc of security = (nominal value of 1,000 EUR / initial value of the underlying index)
    • (closing value of the underlying index / closing ETF price on the final observation date). The remainder, which is less than the value of 1 pc of ETF, will be paid out in cash. This remainder will take into account the performance of the underlying index through multiplying the ETF fraction by its closing price as at the date of final observation of the underlying index. 
    You will find more information in the leaflet.

    Description

    Vontobel 5.90% EURO STOXX 50 AUTOCALL with the possibility of automatic early repayment allows to obtain an attractive fixed yield of 5.90% (viz Note) annually. The total yield for its four-year duration may reach up to 23.6%.
     
    The payout of the nominal value of Vontobel 5.90% EURO STOXX 50 AUTOCALL debt security is derived from the trend of EURO STOXX 50 stock index comprising renowned European companies. Fixed annual yield of 5.90%
  • is paid out independently of the trend of the underlying index. In addition, Vontobel 5.90% EURO STOXX 50 AUTOCALL allows its early repayment in case of growth or stagnation of the underlying index already after the first year of its duration. 

    • Issuer: Vontobel Financial Products GmbH
    • Underlying: EURO STOXX 50
     

    You will find more information in the leaflet.

    Payment notes

    How Vontobel 5.90% EURO STOXX 50 AUTOCALL works

    • Return of the nominal value of Vontobel 5,90% EURO STOXX 50 AUTOCALL debt security at its maturity date depends on the trend of market rate of the EURO STOXX 50 share index.
    • Fixed yield of 5.90% p.a. from the nominal value of Vontobel 5.90% EURO STOXX 50 AUTOCALL debt security is always paid out independently on the development of the EURO STOXX 50 underlying index until the maturity date or early maturity date.  
    • The initial value (viz Note 2) of EURO STOXX 50 index shall be fixed on 26 May 2023. 
    • Barrier is fixed at the level of 65% of the fixed initial value (viz Note: 2) of the EURO STOXX 50 index, touching the barrier does not mean breaking it.   
    • For its duration Vontobel 5.90% EURO STOXX 50 AUTOCALL can be automatically paid out early once a year, if the value of the underlying index at the observation date will be equal or higher than the comparative value at the relevant date.
    • If the automatic early repayment condition is not met,  Vontobel 5.90% EURO STOXX 50 AUTOCALL debt security  continues to the next date of possible repayment. 
    • If Vontobel 5.90% EURO STOXX 50 AUTOCALL debt security  is automatically repaid, the investor shall receive its nominal value + fixed yield of 5.90 % for the given year.  
    • If there is no automatic early repayment and as of the date of fixing the closing value of the observed index its value does not fall below the barrier of 65% of the initial value, as at the maturity date the nominal value of the debt security Vontobel 5.90% EURO STOXX 50 AUTOCALL will be paid out, while the fixed yield of 5.90% p.a. of its nominal value is paid out annually. 
    You will find more information in the leaflet.

    Settlement

    • Maturity shall be 02.06.2027
    • Česká spořitelna pays out the yield and the nominal value 
    • It takes three working days to settle the buying and selling of the Premium Bond
     

    Secondary market

    • Minimum purchased amount: 1 piece
    • Price for the procurement of early redemption: according to the current price list (status on the bond issue date: 2% of the trade volume)
    • Subscription price: 100% + 1.5% fee
    • Liquidity: daily according to current market prices shown in the Exchange Rate List of Česká spořitelna, a.s.

    -----------------------------------------

    Note: Vontobel 5.90% EURO STOXX 50 AUTOCALL pays out a fixed yield of 5.90 % p.a. independently on the underlying asset performance.

    Note 2: The initial value shall be calculated based on the closing price of the underlying asset on 26 May 2023.

    Note 3: You will find the exact expression of product costs in the Vontobel 5.90% EURO STOXX 50 AUTOCALL Subscription Instruction.

    Note 4: On a scale of 1 to 7 from a potentially lower risk and yield of 1 to a potentially  higher risk and yield of 7, assuming that you will keep Vontobel 5.90% EURO STOXX 50 AUTOCALL until its maturity date. The real risk may significantly differ, if you sell the product prematurely.


    Underlying

    EURO STOXX 50
    EU0009658145
    EURO STOXX 50® je hlavním evropským akciovým
    indexem, který zahrnuje 50 největších a nejlikvidnějších
    společností zemí eurozóny napříč všemi důležitými
    sektory. Mezi nejvýznamnější společnosti patří např.
    Allianz, ASML, L’Oréal, Linde, LVMH, SAP, Sanofi,
    Siemens, TotalEnergies nebo Schneider Electric.

    Know-How

     
    In our know-how area you can find all relevant details on the different types of bonds. The tutorial gives you selected information about the functionality of bonds and assists you in making your investment decision. In our glossary we explain the most important keywords and within the FAQ section you can find answers to the most common questions concerning this topic.




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