Bull and Bear Certificate

    S&P 500® Index

    5x Short
    Symbol BEAR SPX X5 VON4ISIN DE000VQ86TH1
    Updated Today, 11:55:00+0.18 SEK (+0.30%)
    Market open (7:00-19:00)


    Bid volume 71,500


    Ask volume 71,500

    Spread0.04 SEK / 0.06%

    S&P 500® Index: 4,002.93 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
    • Ratio10
    • ListingNordic MTF