Express Certificate Volkswagen Express 3 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+1.410 (+1.37%) Bid- Ask- Last updateFeb 23, 2024
08:08:35.489
UTC
Underlying price 123.84 Change underlying+0.98% Starting value122.72 Next Express valuation level122.72
Name
Volkswagen Express 3
ISIN / WKN
AT0000A35AA1 / RC093T
Underlying price
EUR 123.84 (+0.98%)
Feb 23, 2024 16:30:00.000
Starting value
EUR 122.72
Observation redemption level
on the final valuation date
Early redemption level
122.72 / 110.45 / 98.18 / 85.90 / 73.63
Early redemption price
110.00% / 120.00% / 130.00% / 140.00% / 150.00%
Denomination / nominal
EUR 1,000
About the term
Initial valuation date
Jul 18, 2023
Issue date
Jul 19, 2023
Valuation dates
Jul 17, 2024 / Jul 17, 2025 / Jul 16, 2026 / Jul 15, 2027 / Jul 14, 2028
Final valuation date
Jul 14, 2028
Maturity date
Jul 19, 2028
Product classification
Investment Product without Capital Protection
Security type (eusipa Nr.)
Express Certificate (1260)
Express Certificate Type
New Level Express Certificate
Country / region of underlying
Germany
Suited market expectation
sideways, bullish
Spread homogenised
-
Spread in %
-
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

This certificate provides the opportunity for early redemption each year and enables investors to obtain a yield of 10% per year if the price of the Volkswagen share quotes on one of the annual valuation days at or above the annually declining termination level. In case the share price quotes below the respective termination level, the term will be extended by another year up to a maximum of 5 years. If the barrier is violated at the end of the term, the investor is entirely subject to market risk.