derinet® Switzerland
Product names from:

Unit on S+P 500® Index with reference bond Petrobras

  • Valor 24173035
  • ISIN CH0241730354
  • Symbol VURSP
Product expired on 14/11/2019
  • Collateralized Secured Instrument
  • Reference Entities

Structured Products linked to the credit of Reference Entities are complex financial products. In addition to conventional risks such as market, currency and issuer risk (the latter being reduced due to COSI collateralization), investors bear the specific risks associated with and resulting from the respective Reference Entity. Investors are advised to ensure that they fully understand and approve of the risks associated with Structured Products with Reference Entities before purchasing such products.

S&P 500® Index USD 
Please note that this is an indication.


Official Notice

Issuer: Vontobel Financial Products Ltd., DIFC Dubai
Product: Unit on S+P 500® Index with reference bond Petrobras
CH-Sec.No: 24173035
ISIN: CH0241730354

SUBJECT: Replacement of Reference Bond

The Reference bond has, in the course of a make-whole" process been called by the Reference Bond Issuer. As a consequence, we adjust the security with effect from 03 May 2018 as described below according to the terms and conditions of the security. This handling is replicating the approach ISDA has taken with regard to the respective CDS-contracts and therefore is in accordance with standard market practice.

Reference Bond old: 5.75% Petrobras Global Finance 11.04.2019 CHF (ISIN US71645WAP68)
Reference Bond new: 6.25% Petrobras Global Finance 17.03.2024 USD (ISIN US71647NAM11)

Date: 24 April 2018
Bank: Bank Vontobel AG
Person: Issuance CH-APAC
Phone: +41 58 283 78 75
Corporate action24/04/2018Replacement of Reference Bond