Subscriptions – The payment model of the future?


Vontobel investment idea

We are pleased to present our investment idea to you.

Subscriptions – The payment model of the future?

As early as the beginning of the 17th century, there were the first printed matter that reached their readers by subscription. Today, the world is bigger, and the idea of ​​buying services in several small payments has triumphed in many areas. Be it subscriptions to audiobooks, music or the classic contract in the gym. The selection of offers is huge. Many companies whose business model is largely based on subscriptions as a strategy are also listed. About Hello Fresh with cooking boxes or Amazon with the Prime model – many would like to use the so-called subscription model. But what are the benefits of such a business model?

See blog article now!

Bank Vontobel Europe AG
digital investment

Bockenheimer Landstrasse 24
DE-60323 Frankfurt am Main

TEL: 00 800 93 00 93 00
INT: +49 69 695 996 3205


Important risks:

Market risk / price change risk: The value of the certificate may also fall significantly below the purchase price during the term due to the factors that determine the market price if the value of the underlying falls.

correlation risk: Multi-inverted convertibles with barrier (worst of): This type of inverted convertibles relates to several underlying assets. The extent to which the performance of the Underlying is interdependent (so-called correlation) is therefore crucial in assessing the risk of at least one Underlying reaching its barrier. Investors should be aware that if there are several Underlying, the Underlying that has performed the worst during the term of the securities is decisive in determining the Payout Amount (the so-called worst structure). The risk of losing the invested capital is therefore significantly higher with the worst structures than with securities with only one underlying.

Issuer / credit risk: Investors are exposed to the risk that the issuer and guarantor will not be able to meet their obligations from the product and the guarantee – eg in the event of insolvency (insolvency / excessive indebtedness) or an official order for liquidation measures. Such an injunction from a settlement authority can also be issued prior to the insolvency proceedings if the guarantor is in crisis. A total loss of invested capital is possible. As a bond, the product is not covered by any deposit insurance.

Important instructions:
This information is not investment advice or investment strategy or investment recommendation, but advertising. The complete information about the securities, in particular about the structure and the risks associated with an investment, is described in the base prospectus together with any supplements and the respective Final Terms. The base prospectus and the final terms constitute the only binding sales document for the Securities. It is recommended that potential investors read these documents before making any investment decision, in order to fully understand the potential risks and benefits of deciding to invest in the Securities. The documents and the basic information sheet are published on the issuer’s website, Vontobel Financial Products GmbH, Bockenheimer Landstrasse 24, 60323 Frankfurt, Germany, at and are available from the issuer for free issuance. The approval of the prospectus does not constitute an approval of the securities offered or admitted to trading on a regulated market. Securities are products that are not simple and can be difficult to understand. This information contains information about the past. Past performance is not a reliable indicator of future performance.

This information contains information about the past. Past performance is not a reliable indicator of future performance.

This information contains information regarding simulated past performance. Past performance is not a reliable indicator of future performance.

This information contains information about future results. Such forecasts are not a reliable indicator of future results.

This information contains information regarding the tax treatment of securities. This depends on the personal circumstances of the respective customer and may change in the future.

Bank Vontobel Europe AG
DE-Bockenheimer Landstrasse 24
60323 Frankfurt am Main
Phone: 00 800 93 00 93 00
Fax: +49 (0) 69 69 59 96-3202
Email: [email protected]

Approved office:
Bank Vontobel Europe AG
Old courtyard 5
DE-80331 Munich

The board: Dr. Thomas Heinzl (Chairman)
Board of Directors: Thomas Fischer, Andreas Heinrichs, Anton Hötzl
Registered in the Commercial Register of the Munich City Court under HRB 133419
VAT number. DE 264 319 108

Supervisory authority:
Federal Financial Supervisory Authority (BaFin)
the banking supervision sector
Graurheindorfer Strasse 108
DE-53117 Bonn
Securities Supervision / Asset Management Sector
Marie-Curie-Str. 24 – 28
DE-60439 Frankfurt am Main

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