Bull and Bear Certificate

    S&P 500® Index

    18x Short
    Symbol BEAR SPX X18 VNT26ISIN DE000VV5W9R0
    Updated Today, 12:40:00-0.13 DKK (-16.86%)
    Market open (7:00-19:00)


    Bid volume 1,449,900


    Ask volume 1,449,900

    Spread0.002 DKK / 0.332%

    S&P 500® Index: 3,915.23 USD|Last Update:

    Product overview

    Leverage index
    Reference Instrument

    Life cycle

    Initial fixingFirst exchange trade dateOpen end

    Product information

    Key Information Document
    Final Terms
    Base Prospectus

    About this product

    Factor certificates offer a simple and efficient way to profit from stable price trends, be they rising or falling. They do so by leveraging the daily price performance of a so-called reference instrument, for example a share or an index. This allows investors to participate disproportionately in the performance of this reference instrument. The factor – i. e. the leverage – remains constant, and so the investment is equivalent to reinvestment on a daily basis.

    Learn more about Bull and Bear Certificates

    Additional Information

    • EUSIPA categorisationConstant Leverage Certificate
    • GuarantorVontobel Holding AG, Zurich
    • IssuerVontobel Financial Products GmbH, Frankfurt am Main
    • Redemption / deliveryCash
    • Ratio0.1453
    • ListingNordic MTF