Capital-protected
participation
A contractual maturity floor plus participation in gains, sometimes capped. Paying above the floor can still mean a loss; early sale has no protected price.
SMI example →LEARN
A contractual maturity floor plus participation in gains, sometimes capped. Paying above the floor can still mean a loss; early sale has no protected price.
SMI example →Repayment follows the linked asset’s contractual formula. A cap limits gains. Without a floor, repayment can fall to zero; dividends are included only if the terms say so.
A conditional bonus repayment if the barrier holds. If it fails, repayment can follow the asset down to zero. Observation dates and any cap determine the outcome.
Coupons plus exposure to a capital loss or share delivery after a barrier event. In a worst-of basket, the weakest asset can determine repayment; coupons may not cover the loss.
Early repayment when a market trigger is met on an observation date; future coupons then stop. Otherwise, maturity-loss rules apply. An issuer call is discretionary and follows separate terms.
Reverse convertibles can lose principal below the strike without a barrier. Discount certificates cap upside. Credit-linked repayment depends on defined credit events; lock-in protection depends on its trigger.
Loading example terms…
Illustrative single-stock barrier note with no early call. Scenarios are not forecasts.
Total return includes coupons, capital value and what you paid, less costs and taxes. A coupon rate alone is not an investment return.
Continuous monitoring can count an earlier touch even after a recovery. Final-date monitoring tests the level only on that date. Distance to the barrier is not loss protection.
Issuer failure can lose the entire investment. Currency movements and an early-sale price can change your result independently of the linked assets.
Swiss Shelf
Dated prices. Annual coupon is not total return.
Selected products from Vontobel and Julius Baer. Prices and availability are dated observations.
Annual coupon: contractual rate on nominal. Barrier position: move from the captured asset price to its barrier, not a loss estimate.
Valhalla market risk: supported ordinary-maturity market component only; issuer failure and early exit are excluded. Issuer document indicators retain their original scale.