derinet® Switzerland
Product names from:
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1.20% p.a. Floored Floater on CHF 3M-LIBOR with Reference Bond Basket

  • Valor 24173528
  • ISIN CH0241735288
  • Symbol VFBCC
Product expired on 05/06/2020
  • 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.

CHF 3M-LIBORCHF 
Please note that this is an indication.

Documents

Official Notice

Issuer: Vontobel Financial Products Ltd., DIFC Dubai
Product: 1.20% p.a. Floored Floater auf CHF 3M-LIBOR mit Referenzanleihenbasket
CH-Sec.No: 24173528
ISIN: CH0241735288

Liquidation Diamond Offshore Drilling Inc.

According to the announcements published by the ISDA Credit Derivatives Determinations Committee, a Default Event (default of payment) has occurred with respect to the reference bond 5.7% Diamond Offshore Drilling Inc .(ISIN US25271CAL63).

Based on the Final Results of the CDS Auction with respect to the Diamond Offshore Drilling Inc. announced on 22 May 2020, the determined percentage redemption factor is 7.375%.
The cumulative weighting of the product will be reduced taken into account the percentage redemption factor with respect to the defaulted reference bond. No further interest payments will be made in relation to the defaulted reference bond. The determined clearing amount will be 7.375% multiplied by the weighting of 33.333% times notional resulting in CHF 24.58 and will be paid at maturity.

Date: 25.05.2020
Bank: Bank Vontobel AG
Person: Issuance CH-APAC
Phone: +41 58 283 78 75
E-Mail: IssuanceCH-APAC@vontobel.ch

Official Notice

Issuer: Vontobel Financial Products Ltd., DIFC Dubai
Product: 1.20% p.a. Floored Floater on CHF 3M-LIBOR with Reference Bond Basket
CH-Sec.No: 24173528
ISIN: CH0241735288

Default Event Notice Diamond Offshore Drilling Inc.

According to the announcements published by the ISDA Credit Derivatives Determinations Committee on 27 April 2020, a Default Event (default of payment) has occurred with respect to the reference bond 5.7% Diamond Offshore Drilling Inc (ISIN US25271CAL63).

ISDA Credit Derivatives Determinations Committee will hold an auction to settle relevant deliverable obligations, the result of which we will take into account for the purpose of our determinations. The percentage Redemption Factor will be published by Bank Vontobel AG, Zurich as soon as possible.

As a consequence, no accrued and no future coupon payments will be made on the concerned reference bonds.

Date: 28 April 2020
Bank: Bank Vontobel AG
Person: Issuance CH-APAC
Phone: +41 58 283 78 75
E-Mail: IssuanceCH-APAC@vontobel.com
Official Notice

Issuer: Vontobel Financial Products Ltd., DIFC Dubai
Product: 1.20% p.a. Floored Floater auf CHF 3M-LIBOR mit Referenzanleihenbasket
CH-Sec.No: 24173528
ISIN: CH0241735288

COUPON FIXING

The coupon for the next coupon period has been fixed as follows:

Reference: CHF 3M-LIBOR
Reference interest rate: -0.586800%
Effective date 21.04.2020

Next coupon period: 23.04.2020-23.07.2020
Next coupon rate: 1.200% p.a.

Date: 21.04.2020
Bank: Bank Vontobel AG
Person: Issuance CH-APAC
Phone: +41 58 283 78 75
E-Mail: IssuanceCH-APAC@vontobel.ch
Official Notice

Issuer: Vontobel Financial Products Ltd., DIFC Dubai
Product: 1.20% p.a. Floored Floater auf CHF 3M-LIBOR mit Referenzanleihenbasket
CH-Sec.No: 24173528
ISIN: CH0241735288

COUPON FIXING

The coupon for the next coupon period has been fixed as follows:

Reference: CHF 3M-LIBOR
Reference interest rate: -0.677400%
Effective date 21.01.2020

Next coupon period: 23.01.2020-23.04.2020
Next coupon rate: 1.200% p.a.

Date: 21.01.2020
Bank: Bank Vontobel AG
Person: Issuance CH-APAC
Phone: +41 58 283 78 75
E-Mail: IssuanceCH-APAC@vontobel.ch
TypeDateTitle
Corporate action25/05/2020Liquidation Diamond Offshore Drilling Inc.
Corporate action28/04/2020Default Event Notice Diamond Offshore Drilling Inc.
Fixing21/04/2020Coupon Fixing
Fixing21/01/2020Coupon Fixing

Documents