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The financial instruments mentioned in this website are structured and derivative instruments. Please refer to the relative Term Sheet and any similar and appropriate documents for any information concerning a product. The underlyings’ performance in the past does not constitute a guarantee for their future performance. The financial products' value is subject to market fluctuation, what can lead to a partial or total loss of the invested capital. Before investing in structured and derivative instruments, Investors are highly recommended to ask their financial advisor for advice specifically focused on the Investor´s financial situation; the information contained in this website does not substitute such advice. Investors bear the credit risk of the issuer/guarantor.
Selling restrictions apply in specific jurisdictions including amongst others Europe, Hong Kong, Singapore, the USA, US persons and the United Kingdom.
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Les instruments financiers mentionnés dans ce site sont des instruments structurés et dérivés. Merci de se référer à la Term Sheet et tous documents similaires et appropriés pour toute information concernant un produit. La performance passée des sous-jacents ne constitue pas une garantie de leur performance future. La valeur des produits financiers est soumise aux fluctuations du marché, ce qui peut conduire à une perte partielle ou totale du capital investi. Avant d'investir dans des instruments structurés et dérivés, les Investisseurs sont fortement recommandés de demander à leur conseiller financier afin d’obtenir des conseils portant spécifiquement sur la situation financière de l’Investisseur ; les informations contenues dans ce site web ne remplacent pas ces conseils. Les Investisseurs supportent le risque de crédit de l'émetteur/du garant.
Des restrictions de vente s’appliquent dans les juridictions spécifiques incluant, entre autres, l'Europe, Hong Kong, Singapour, les États-Unis, les « US persons » et le Royaume-Uni.
Toute reproduction – y compris celle seulement partielle – d'un article ou d’une image de ce site web n’est uniquement permise que sur autorisation de VOLTYLAB.
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Gli strumenti finanziari menzionati in questo sito web sono strumenti strutturati e derivati. Siete pregati di fare riferimento al relativo Term Sheet e qualsiasi documento simile e appropriato per qualsiasi informazione riguardante un prodotto. La performance passata dei sottostanti non costituisce una garanzia per future performance. Il valore dei prodotti finanziari è soggetto a fluttuazioni di mercato che possono portare ad una perdita parziale o totale del capitale investito. Prima d’investire in strumenti strutturati e derivati gli Investitori sono fortemente pregati di consultare il loro consigliere finanziario per un consiglio specificatamente concentrato sulla situazione finanziaria dell’Investitore; le informazioni contenute in questo sito web non sostituiscono questo consiglio. Gli Investitori assumono il rischio di credito dell’emittente/garante.
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Die auf der Website erwähnten Finanzinstrumente sind strukturierte Produkte oder Derivate. Für nähere Informationen über ein Produkt siehe das entsprechende Term Sheet und jedes ähnliche, entsprechend geeignete Dokument. Die Ergebnisse der Bezugsobjekte in der Vergangenheit geben keinen Aufschluss über ihre zukünftige Entwicklung. Der Wert der Finanzprodukte unterliegt Marktschwankungen, die zu einem Teil- oder Gesamtverlust des investierten Kapitals führen können. Vor dem Investieren in strukturierte Produkte oder Derivate sollten Anleger sich unbedingt von ihrem Finanzberater beraten lassen - vor allem in Einklang mit der Finanzlage des Anlegers; die Informationen dieser Website ersetzen keine Finanzberatung. Anleger tragen das Kreditrisiko des Emittenten/Bürgen.
In bestimmten Gerichtshoheiten, zu denen auch Europa, Hongkong, Singapur, die USA, « US persons » und Großbritannien gehören, gelten Verkaufsbeschränkungen.
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Capital protected notes entitle the investor to benefit a minimum redemption of the nominal and to get a yield or an exposure to an underlying. Hence, they give the opportunity to get a yield or an exposure to an underlying without putting the full capital at risk. Capital protection level depends on each structure.
Capital Protection Certificate with participation (without reference entity)
It gives the opportunity to benefit from an increase in the underlying and to guarantee a predefined minimum nominal redemption level. At maturity, the investor receives the capital protection level and the increase in the underlying.
Market Expectations
Rising of the underlying
Rising volatility
Sharply falling underlying possible
Characteristics, Risks and Opportunities
Minimum redemption at expiry equivalent to the capital protection
Capital protection refers to the nominal only, and not to the purchase price
Value of the product may fall below its capital protection during the lifetime
Participation in underlying price increase above the strike
Capital Protection Certificate with coupon (without reference entity)
The investor receives a guaranteed coupon or a coupon linked to the underlying at each anniversary date and the capital protection level at maturity.
Market Expectations
Rising of the underlying
Falling volatility
Sharply falling underlying possible
Characteristics, Risks and Opportunities
Minimum redemption at expiry equivalent to the capital protection
Capital protection refers to the nominal only, and not to the purchase price
Value of the product may fall below its capital protection during the lifetime
The coupon amount is dependent on the development of the underlying (if not guaranteed)
Capital Protection Certificate with participation (reference entity)
It gives the opportunity to benefit from an increase in the underlying and to guarantee a predefined minimum nominal redemption level. At maturity, the investor receives the capital protection level and the increase in the underlying. The capital protection level is contingent to a credit event on the reference entity.
Market Expectations
Rising of the underlying
Rising volatility
Sharply falling underlying possible
No credit event of the reference entity
Characteristics, Risks and Opportunities
There are one or more reference entities underlying the product
In addition to the credit risk of the issuer, redemption is subject to the solvency (non-occurrence of a credit event) of the reference entity
Redemption is made at least in the amount of conditional capital protection at maturity, provided that no credit event of the reference entity has occurred
If a credit event occurs the reference entity during product lifetime, the product will be redeemed at an amount equal to the recovery amount (if no zero recovery applies)
Value of the product may fall below its capital protection during the lifetime due to a negative assessment of reference issuer creditworthiness
Participation in underlying price increase above the strike
Capital Protection Certificate with coupon (reference entity)
The investor receives a guaranteed coupon or a coupon linked to the underlying at each anniversary date and the capital protection level at maturity. The capital protection level is contingent to a credit event on the reference entity.
Market Expectations
Rising of the underlying
Falling volatility
Sharply falling underlying possible
No credit event of the reference entity
Characteristics, Risks and Opportunities
There are one or more reference entities underlying the product
In addition to the credit risk of the issuer, redemption is subject to the solvency (non-occurrence of a credit event) of the reference entity
Redemption is made at least in the amount of conditional capital protection at maturity, provided that no credit event of the reference entity has occurred
If a credit event occurs the reference entity during product lifetime, the product will be redeemed at an amount equal to the recovery amount (if no zero recovery applies)
Value of the product may fall below its capital protection during the lifetime due to a negative assessment of reference issuer creditworthiness
The coupon amount is dependent on the development of the underlying (if not guaranteed)
