Bull and Bear Certificate

    S&P 500® Index

    20x Short
    Symbol BEAR SPX X20 VNT23ISIN DE000VX87LU5
    Updated Today, 06:00:000.00 DKK (0.00%)
    Market closed


    Bid volume 3,000,000


    Ask volume --,---

    S&P 500® Index: 4,029.02 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
    • Ratio2.9421
    • ListingNordic MTF