Express Certificate Volkswagen Express The product related information contained herein is exclusively for information purposes only, intended for current investors or in case these products are displayed further to an individual search. The information does not constitute a recommendation or an offer to buy or an invitation to make a respective offer in relation to any of the products described herein.
Change+0.920 (+1.46%) Bid63.05% Ask64.55% Last updateFeb 23, 2024
18:59:59.266
UTC
Underlying price 123.84 Change underlying+0.98% Starting value200.95 Next Express valuation level200.95
Name
Volkswagen Express
ISIN / WKN
AT0000A2R903 / RC03RU
Underlying price
EUR 123.84 (+0.98%)
Feb 23, 2024 16:30:00.000
Starting value
EUR 200.95
Observation redemption level
on the final valuation date
Early redemption level
200.95 / 200.95 / 200.95 / 200.95 / 200.95
Early redemption price
113.00% / 126.00% / 139.00% / 152.00% / 165.00%
Denomination / nominal
EUR 1,000
About the term
Initial valuation date
Jun 08, 2021
Issue date
Jun 09, 2021
Valuation dates
Jun 07, 2022 / Jun 07, 2023 / Jun 06, 2024 / Jun 05, 2025 / Jun 05, 2026
Final valuation date
Jun 05, 2026
Maturity date
Jun 10, 2026
Product classification
Investment Product without Capital Protection
Security type (eusipa Nr.)
Express Certificate (1260)
Express Certificate Type
Express Certificate
Country / region of underlying
Germany
Suited market expectation
sideways, bullish
Spread homogenised
3.01
Spread in %
2.38%
Multiplier
-
Product currency
EUR
Underlying currency
EUR
Settlement method
Cash settlement / Physical delivery
Tax treatment
Capital Gains Tax / No EU Withholding Tax
Public offer in
Austria, Germany, Italy, Hungary, Poland, Czech Republic, Slovakia, Bulgaria, Croatia, Romania, Slovenia
Listing
Vienna, Stuttgart
Comments

The certificate Volkswagen Express offers an annual opportunity for early redemption, enabling investors to obtain a yield of 13% per year if the preference share of Volkswagen AG quotes at or above its starting value at one of the valuation dates. If the share quotes below the starting value, the term extends by another year - up to a maximum of five years. In the event of a barrier violation (60% of the starting value) at the final valuation date, the investor is entirely subject to market risk and physical delivery of Volkswagen AG preference shares is effected.