Vontobel Certificates


Vontobel - Digital Investing

Vontobel is one of the most active issuers of investment certificates, covered warrants, and other structured derivatives in Italy.
The offer of Vontobel Certificates on the SeDeX market is particularly wide and it is structured through several types of certificates, designed to meet the various needs of investors. These include classic cash collect certificates, leveraged certificates, turbo certificates and tracker certificates.

Vontobel on the Italian market

At the beginning of 2023, Vontobel's offering on the Italian Stock Exchange consisted of:

Promotion for Directa Customers

From March, 22nd 2021, Zero Fees on a selection of Vontobel products

The promotion is valid only on purchase orders with order minimum trade value of € 1,500
for Investment products. The list is available here

The promotion is valid for both purchase and sell orders with order minimum trade value of € 1,500
for Leverage products. The list is available here

Vontobel Certificates

Conditionally Protected Capital Certificates

At the beginning of 2023, 211 Cash Collect Express Certificates, 26 Fixed Coupon Express Certificates and 10 Bonus Cap Certificates were listed on the SeDeX on worst-of baskets or single underlyings.

Among the 215 Cash Collect Express Certificates it is possible to find Memory Airbag Cash Collect Certificates, Memory Cash Collect with Decreasing Bonus Threshold, Athena, Maxi Cash Collect and Airbag Maxi Cash Collect.

Among the Investment Certificates, we find the Cash Collect.
These certificates are:

  • structured with a medium-long term horizon;
  • designed to offer capital protection even in conditions of laterality or limited downturns;
  • with conditional periodic bonus payments;
  • categorized as miscellaneous income. Therefore, for the Italian tax authorities, they offer the possibility of offsetting any previous capital losses;
  • continuously tradable with liquidity guaranteed by the Market Maker.

Participation Certificates

Among Vontobel’s unprotected capital certificates, 43 Tracker/Strategic Certificates are currently listed on the SeDeX. Of these, 25 are called Tracker (Open-End or with maturity) and are featured by passive management of the underlying, in the case of a thematic index, and 18 Strategic Certificates, whose underlying, on the other hand, are actively managed, with discretionary management by the Portfolio Manager.

With the Tracker Certificates, the price of the certificate, net of the bid/ask spread and management fees, linearly replicates, both in an upward and downward manner, the performance of the underlying asset.

Key features of these derivative products include the following:

  • medium-long term investment horizon;
  • tax efficiency, i.e. the possibility of offsetting capital losses;
  • listed on SeDeX;
  • portfolio diversification;
  • clear and transparent functioning;
  • continuously tradable with liquidity guaranteed by the Market Maker.

Vontobel Certificates and Leveraged Products

Let's review Vontobel's Leveraged Certificate offer. More than 3,900 leveraged products are currently tradable on the SeDeX, including 960 Constant Leverage Certificates, 2,000 Covered Warrants, 800 Turbo Certificates (Open-End or with maturity) and 200 Mini Futures.

The main features of Vontobel's offer of Constant Leverage Certificates and Covered Warrants include:

  • wide range of underlying assets covered by Vontobel certificates: indices, equities, commodities, currencies and interest rates;
  • leverage certificates account for more than 80% of the total turnover generated by Vontobel on the SeDeX in 2022;
  • issuer with the highest number of products listed on the Constant Leverage segment and Covered Warrant;

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This document is neither an investment advice nor an investment strategy, nor a financial, accounting, legal or other investment recommendation or investment strategy, but an advertisement legal recommendation, but an advertisement. The complete information on the securities, in particular the structure and risks associated with an investment, are described in the base prospectus, together with any supplements, as well as the Final Terms. The related base prospectus and Final Terms constitute the sole binding sales documents for the securities. It is recommended that potential investors read these documents before making any investment decision in order to fully understand the potential risks and rewards of deciding to invest in the securities. The documents and the key information document are published on the website of the issuer, Vontobel Financial Products GmbH, Bockenheimer Landstrasse 24, 60323 Frankfurt am Main, Germany, on http:// prospectus.vontobel.com/ and are available from the issuer free of charge. The approval of the prospectus should not be understood as an endorsement of the securities offered or admitted to trading in a regulated market. The securities are products t that are not simple and may be difficult to understand. This document and the information contained in it may only be distributed or published in countries where such distribution or publication is permitted by applicable law. As stated in the relevant base prospectus, the distribution of the securities mentioned in this information is subject to restrictions in certain jurisdictions. This advertisement may not be reproduced or redistributed without the editors permission. © 2022 Bank Vontobel Europe AG. All rights reserved.
Advertising Message for promotional purpose - This announcement does not constitute an offer to sell or a investment solicitation. Please read carefully the characteristics of the financial instruments on offer and its associated risks, which are also present in the information provided by Directa ("Preliminary information", Section C - Information on financial instruments). ETFs, ETCs and ETNs (ETPs) and Certificates are complex financial instruments, with a significant risk of loss of the invested capital and whose price may include implicit costs. Directa therefore recommends to read the product offer documentation and the KID/KIID document, which describes the operating methods, costs and risks to which you are exposed by making the investment. The term "leverage" is used to describe investment strategies aimed at multiplying potential profits and losses. Leveraged investments may be made with the aim of obtaining possible higher returns, however leverage not only amplifies gains but also any losses. The investor is also exposed to the risk of early termination of the investment and of total loss of the invested capital or even more than it. The issuer pays Directa a fee upon execution, classifiable as an inducement pursuant to the Consob Intermediaries Regulation: for this reason, a conflict of interest may occur.