Vontobel – first Swiss provider of a bitcoin certificate

Vontobel – first Swiss provider of a bitcoin certificate

01 July 2016Reading time: 1 minute

Vontobel today becomes the first Swiss issuer to offer a tracker certificate on bitcoins for subscription, giving investors in Switzerland a means of participating in their performance for the first time.

The VONCERT on Bitcoin in USD is a classic tracker certificate (SSPA: 1300) that offers investors a simple means of investing in bitcoin. With this investment certificate, investors in Switzerland will thus for the first time be able to participate in the development of the bitcoin price vs the USD, with virtually 100% participation both on the upside and the downside. Investors therefore do not need to hold bitcoins themselves to profit from possible gains in the bitcoin price.

The certificate has a two-year term, and an application has been submitted for admission to the SIX Swiss Exchange. This is subject to bitcoins being approved as an underlying. The first day of trading will be 15 July 2016, and the final fixing will be made on 16 July 2018. Between those dates, investors will be able to trade the VONCERT on the secondary market, i.e. buying or selling at the applicable bid/offer prices.

 

Adding diversification with bitcoin

As a ‘new asset class’, the VONCERT on Bitcoin could also be suitable as a means of adding diversification to traditional portfolios. In next week’s derinews blog, you will be able to read more on topics such as the historically low correlation of bitcoins as an underlying to other asset classes.

If you as an investor expect the bitcoin price to continue its positive trend over the coming two years, the VONCERT on Bitcoin could offer interesting investment opportunities for you. However, we would like to draw your attention to the Federal Council report on virtual currencies published on 25 June 2014: for bitcoin users (and thus indirectly for investors in the VONCERT on Bitcoin) there are higher risks of fraud and loss than those that must be considered in the case of a Bitcoin investment .

 

This week in derinews blog

What is behind bitcoins, and how do they behave in the context of a portfolio? This week’s derinews blog will cover Vontobel’s interesting thematic investment ‘Bitcoin’ in more detail – be sure to check it out!

 

Callable Multi Barrier Reverse Convertible

Securities
No.
 UnderlyingsCouponCoupon p.a.BarrierMaturityCur.Subscription
closure
  
119434622
  • Product with sustainability features
  • (Issuer) Callable
Nestlé
Novartis
Roche
8.00% 4.00% 50.00% 19/08/2024 CHF till 16:00
119434623
  • Product with sustainability features
  • (Issuer) Callable
Nestlé
Novartis
Roche
9.00% 6.00% 65.00% 19/02/2024 CHF till 16:00
119434617
  • Product with sustainability features
  • (Issuer) Callable
ABB
Novartis
Roche
Zurich Insurance
15.00% 7.50% 50.00% 19/08/2024 CHF still 2 days
119434611
  • Product with sustainability features
  • (Issuer) Callable
Adecco
Richemont
Swatch
18.00% 12.00% 55.00% 19/02/2024 CHF still 2 days
119434626
  • Product with sustainability features
  • (Issuer) Callable
Alcon
Galenica
Novartis
Roche
13.50% 9.00% 60.00% 19/02/2024 CHF still 2 days
119434647
  • Product with sustainability features
  • (Issuer) Callable
Bâloise
Swiss Life
Swiss Re
Zurich Insurance
14.00% 7.00% 50.00% 19/08/2024 CHF still 2 days
119434619
  • Quanto
  • (Issuer) Callable
Booking Holdings
Expedia Group
Norwegian Cruise Line
23.25% 23.25% 50.00% 21/08/2023 q CHF still 2 days
119434621
  • Product with sustainability features
  • (Issuer) Callable
Holcim
SGS
Sika
13.875% 9.25% 55.00% 19/02/2024 CHF still 2 days
119434614
  • Product with sustainability features
  • (Issuer) Callable
Logitech
Sonova
Swisscom
14.25% 9.50% 50.00% 19/02/2024 CHF still 2 days
119434620
  • Product with sustainability features
  • (Issuer) Callable
Partners Group Holding
Temenos
VAT
17.25% 11.50% 55.00% 19/02/2024 CHF still 2 days
119434612
  • Product with sustainability features
  • (Issuer) Callable
Swiss Life
Swiss Re
UBS Group
15.00% 10.00% 55.00% 19/02/2024 CHF still 2 days
119434615
  • Product with sustainability features
  • Quanto
  • (Issuer) Callable
Hermes
LVMH Moët Hennessy Louis Vuitton
Richemont
16.50% 11.00% 55.00% 19/02/2024 q EUR still 2 days
119434616
  • Product with sustainability features
  • (Issuer) Callable
Deutsche Börse
Deutsche Post
Deutsche Telekom
14.25% 9.50% 55.00% 19/02/2024 EUR still 2 days
120071373
  • (Issuer) Callable
Amazon.com
Apple
Netflix
Walt Disney
19.00% 19.00% 50.00% 21/08/2023 USD still 2 days
120071492
  • (Issuer) Callable
BioNTech
Moderna
24.50% 24.50% 50.00% 21/08/2023 USD still 2 days
120071372
  • (Issuer) Callable
Goldman Sachs
JPMorgan Chase
Morgan Stanley
17.25% 11.50% 55.00% 20/02/2024 USD still 2 days

 

17/08/2022 05:38:55

 

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