derinet® Svizzera
Definizioni prodotto di:
VontobelSVSP
Indietro

1.25% p.a. Floored Floater onCHF 3M-LIBOR con paniere di obbligazioni di riferimento

  • N. di valore 24173337
  • ISIN CH0241733374
  • Simbolo VFBCA
Scadenza prodotto al 29/04/2020
  • Strumento con garanzia da pegno
  • Entità di Riferimento

I Prodotti Strutturati con obbligazioni di riferimento sono prodotti finanziari complessi. Oltre ai rischi convenzionali, quali i rischi di mercato, valuta e dell'emittente (quest’ultimo viene ridotto dalla garanzia da pegno COSI), gli investitori si accollano i rischi specifici legati alI prodotti strutturati legati al credito delle Entità di Riferimento sono prodotti finanziari complessi. Oltre ai tradizionali rischi quali quello di mercato, quello valutario e il rischio emittente (quest’ultimo ridotto per effetto della collateralizzazione COSI), gli investitori si assumono i rischi specifici associati e derivanti dalla rispettiva Entità di Riferimento. Si consiglia agli investitori di assicurarsi di comprendere e approvare pienamente i rischi associati ai Prodotti Strutturati con Entità di Riferimento prima di acquistare tali prodotti.

CHF 3M-LIBORCHF 
Si prega di notare che quanto sopra è una mera indicazione di prezzo.

Documentazione


Official Notice

Issuer: Vontobel Financial Products Ltd., DIFC Dubai
Product: 1.25% p.a. Floored Floater on CHF 3M-LIBOR with Reference Bond Basket
CH-Sec.No: 24173337
ISIN: CH0241733374

SUBJECT: Diamond Offshore Drilling Inc. Liquidation / Determination of Redemption Amount

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. The determined clearing amount will be 7.375% multiplied by the weighting of 20% times notional resulting in CHF 14.75.

Accordingly, the Calculation Agent has determined the Redemption Amount (clearing amount) for this product to CHF 705.25 per Note and will be paid at 9 June 2020.


Date: 25.05.2020
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: 1.25% p.a. Floored Floater on CHF 3M-LIBOR with Reference Bond Basket
CH-Sec.No: 24173337
ISIN: CH0241733374

SUBJECT: Postponement of Redemption Amount

According to the announcements published by the ISDA Credit Derivatives Determinations Committee, a Default Event has occurred with respect to the reference bond USD 5.70% Diamond Offshore Drilling. ISDA Credit Derivatives Determinations Committee will hold an auction to settle relevant deliverable obligations.

Accordingly, the Calculation Agent will postpone the Redemption Amount due under this Structured Product until the auction result. The settlement amount (clearing amount) will be published by Bank Vontobel AG, Zurich as soon as possible. No accrued and no future coupon payments will be made on the concerned reference bonds.

Date: 29 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: 1.25% p.a. Floored Floater on CHF 3M-LIBOR with Reference Bond Basket
CH-Sec.No: 24173337
ISIN: CH0241733374

Default Event Notice 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).

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, we postpone the payment of any amount (including coupon payment) with the effect from 28 April 2020 until further notice.

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: 1.25% p.a. Floored Floater on CHF 3M-LIBOR with Reference Bond Basket
CH-Sec.No: 24173337
ISIN: CH0241733374

SUBJECT: Notice about occurrence of potential event of default

Diamond Offshore Drilling, Inc. (the Reference Bond Issuer”) reported in its SEC filing 8-K dated 15 April 2020 that it elected not to make the semiannual interest payment due in respect of its 5.70% Senior Notes due 2039 (the “Reference Bond”). Under the terms of the indenture governing the Notes, the interest payment was due on April 15, 2020, and the Company has a 30-day grace period to make the payment. Non-payment of the interest on the due date is not an event of default under the indenture governing the Notes but would become an event of default if the payment is not made within the 30-day grace period.


As a consequence, we postpone in accordance with the terms and conditions the payment of any amount (including coupon payment) related to the Reference Bond with the effect 15 April 2020 until further notice.

Date: 27 April 2020
Bank: Bank Vontobel AG
Person: Issuance CH-APAC
Phone: +41 58 283 78 75
E-Mail: IssuanceCH-APAC@vontobel.com
Issuer: Vontobel Financial Products Ltd., DIFC Dubai
Product: 1.25% p.a. Floored Floater on CHF 3M-LIBOR with Reference Bond Basket
CH-Sec.No: 24173337
ISIN: CH0241733374

SUBJECT: Adjustment of ISIN CH0241733374

With regard to the Product mentioned above, the following adjustments were made in accordance with the terms and conditions.

Inclusion of a provision to postpone or suspend Payments in case a Credit Event or a potential Credit Event (such as, but not limited to, a Potential Failure to Pay) has occurred.

Postponement/ Suspension of Payments
The Calculation Agent may postpone or suspend the payment of any amount (Coupons and Redemption Amount) due under this Structured Product if the Calculation Agent has determined - in its sole and absolute discretion - that a Credit Event or a potential Credit Event (such as, but not limited to, a Potential Failure to Pay) has occurred, may have occurred, or might shortly occur, or if there is a pending request with the relevant Credit Derivatives Determinations Committee of ISDA regarding the occurrence of a Credit Event.

Date: 24 April 2020
Bank: Bank Vontobel AG
Person: Issuance CH-APAC
Phone: +41 58 283 78 75
E-Mail: IssuanceCH-APAC@vontobel.com
Official Notice

###Correction of Coupon Fixing###

Issuer: Vontobel Financial Products Ltd., DIFC Dubai
Product: 1.25% p.a. Floored Floater auf CHF 3M-LIBOR mit Referenzanleihenbasket
CH-Sec.No: 24173337
ISIN: CH0241733374

COUPON FIXING

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

Reference: CHF 3M-LIBOR
Reference interest rate: -0.691800%
Effective date 03.02.2020

Next coupon period: 05.02.2020-05.05.2020
Next coupon rate: 1.0000% p.a.

Date: 04.02.2020
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: 1.25% p.a. Floored Floater auf CHF 3M-LIBOR mit Referenzanleihenbasket
CH-Sec.No: 24173337
ISIN: CH0241733374

COUPON FIXING

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

Reference: CHF 3M-LIBOR
Reference interest rate: -0.691800%
Effective date 03.02.2020

Next coupon period: 05.02.2020-05.05.2020
Next coupon rate: 1.2500% p.a.

Date: 03.02.2020
Bank: Bank Vontobel AG
Person: Issuance CH-APAC
Phone: +41 58 283 78 75
E-Mail: IssuanceCH-APAC@vontobel.ch
TypeDateTitel
Corporate action25/05/2020Liquidation Diamond Offshore Drilling Inc.
Corporate action29/04/2020Postponement of Redemption Amount
Corporate action28/04/2020Default Event Notice Diamond Offshore Drilling
Corporate action27/04/2020Diamond Offshore Drilling Inc.: Occurence of potential event of default
Corporate action24/04/2020Adjustment
Fixing04/02/2020Correction of Coupon Fixing
Fixing03/02/2020Coupon Fixing

Documentazione