in connection with the Base Prospectus dated 8 June 2020
(as supplemented from time to time)
of
BINCKBANK N.V.
(a public limited liability company incorporated in the Netherlands
with its statutory seat in Amsterdam, the Netherlands)
for the issue of up to
3,000,000
Turbo's XL Long
Security Code: BCK103802228
linked to Apple Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802110
linked to Microsoft Corporation
3,000,000
Turbo's XL Long
Security Code: BCK103802106
linked to 3M Company
3,000,000
Turbo's XL Long
Security Code: BCK103802226
linked to Exxon Mobil
Corporation
3,000,000
Turbo's XL Long
Security Code: BCK103802108
linked to Merck & Co., Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802114
linked to NEWMONT CORP
3,000,000
Turbo's XL Long
Security Code: BCK103802222
linked to Walmart Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802224
linked to Walmart Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802134
linked to NVIDIA Corporation
3,000,000
Turbo's XL Long
Security Code: BCK103802132
linked to Nike, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802124
linked to Nike, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802128
linked to Nike, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802126
linked to Nike, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802130
linked to Nike, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802144
linked to The Procter & Gamble
Company
3,000,000
Turbo's XL Long
Security Code: BCK103802098
linked to McDonald's
Corporation
3,000,000
Turbo's XL Long
Security Code: BCK103802096
linked to McDonald's
Corporation
3,000,000
Turbo's XL Long
Security Code: BCK103802100
linked to McDonald's
Corporation
3,000,000
Turbo's XL Long
Security Code: BCK103802180
linked to Starbucks Corporation
3,000,000
Turbo's XL Long
Security Code: BCK103802182
linked to Starbucks Corporation
Incorporated
3,000,000
Turbo's XL Long
Security Code: BCK103802092
linked to MasterCard
Incorporated
3,000,000
Turbo's XL Long
Security Code: BCK103802094
linked to MasterCard
Incorporated
3,000,000
Turbo's XL Long
Security Code: BCK103802112
linked to Micron Technology, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802220
linked to Wells Fargo & Company
3,000,000
Turbo's XL Long
Security Code: BCK103802218
linked to Wells Fargo & Company
3,000,000
Turbo's XL Long
Security Code: BCK103802116
linked to Netflix, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802104
linked to Medtronic plc
3,000,000
Turbo's XL Long
Security Code: BCK103802102
linked to Medtronic plc
3,000,000
Turbo's XL Long
Security Code: BCK103802196
linked to Tesla Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802200
linked to Tesla Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802202
linked to Tesla Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802198
linked to Tesla Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802204
linked to TWITTER INC.
3,000,000
Turbo's XL Long
Security Code: BCK103802206
linked to TWITTER INC.
3,000,000
Turbo's XL Long
Security Code: BCK103802208
linked to TWITTER INC.
3,000,000
Turbo's XL Long
Security Code: BCK103802192
linked to SPLUNK INC
3,000,000
Turbo's XL Long
Security Code: BCK103802194
linked to SPLUNK INC
3,000,000
Turbo's XL Long
Security Code: BCK103802152
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802154
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802156
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802158
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802160
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802162
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802164
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802166
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802168
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802170
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802172
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802174
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802176
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802178
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802150
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802146
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802148
linked to PayPal Holdings, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802186
linked to Shopify Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802188
linked to Shopify Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802190
linked to Shopify Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802140
linked to NXP Semiconductors
N.V.
3,000,000
Turbo's XL Long
Security Code: BCK103802210
linked to Uber Technologies, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802212
linked to Uber Technologies, Inc.
3,000,000
Turbo's XL Long
Security Code: BCK103802120
linked to NIO Inc. - ADR
3,000,000
Turbo's XL Long
Security Code: BCK103802118
linked to NIO Inc. - ADR
3,000,000
Turbo's XL Long
Security Code: BCK103802122
linked to NIO Inc. - ADR
3,000,000
Turbo's XL Long
Security Code: BCK103802142
linked to Pfizer Inc.
These final terms (the "
Final Terms") have been prepared for the purpose of Article 8(4) the Regulation (EU)
2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published
when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive
2003/71/EC (the "
Prospectus Regulation") and provide additional information to the base prospectus dated
8 June 2020, as supplemented from time to time (the "
Base Prospectus", together with the Final Terms, the
"Prospectus"). Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the
"
Conditions") set forth in the Base Prospectus.
These Final Terms must be read in conjunction with the Base Prospectus and its supplement(s). Full
information on the Issuer and the offer of the Securities is only available on the basis of the combination
of these Final Terms and the Base Prospectus, as supplemented from time to time. However, a summary of
the individual issue of the Securities is annexed to these Final Terms. The Base Prospectus, any supplement to the
Base Prospectus and these Final Terms are available for viewing on the website of the Issuer at turbos.binck.com.
Copies may be obtained during normal business hours at the registered offices of the Issuer.
TABLE OF CONTENTS
Page
OVERVIEW ON THE SECURITY STRUCTURE...5
PART A - PRODUCT TERMS ... 6
Product Terms Part 1: Key Terms and Definitions of the Securities...7
Product Terms Part 2: Special Conditions of the Securities... 16
PART B - OFFERING AND SALE...20
I. Offering for Sale and Issue Price...20
II. Subscription, Purchase and Delivery of the Securities... 20
PART C - OTHER INFORMATION... 21
I. Intentionally left blank ...21
II. Intentionally left blank ... 21
III. Listing and Trading...21
IV. Intentionally left blank ... 21
V. Rating... 21
VI. Intentionally left blank... 21
VII. Intentionally left blank ...21
VIII. Intentionally left blank ... 21
PART D - Intentionally left blank ... 22
OVERVIEW ON THE SECURITY STRUCTURE
Turbo's XL Long:
Turbo's XL Long allow investors to participate disproportionately (with leverage) in the positive development of
the Underlying.
Conversely, investors in Turbo's XL Long also participate disproportionately (with leverage) in the negative
development of the Underlying. Investors bear the risk of the Turbo's XL Long expiring worthless
if the price of
the Underlying does at any time following the Start of the public offer of the Securities reach or fall short of
the Current Knock Out Barrier, so-called Knock Out Event, all as specified in the Product Terms. In this case,
the Option Right lapses and each Turbo XL Long expires immediately
worthless.
Upon exercise of the Turbo's XL Long by either the Securityholder or the Issuer (and unless a
Knock Out Event has
occurred), Securityholders receive on the Redemption Date a Redemption Amount in the Redemption Currency
equal to the difference amount by which the Settlement Price of the Underlying, as specified in the Product Terms
of the Turbo's XL Long, exceeds the Current Strike, multiplied by the Multiplier, as specified in the Product Terms.
The Calculation Agent shall regularly adjust the Current Knock Out Barrier and the Current Strike to cover the
financing and other costs of the Issuer. These daily adjustments will reduce, if all other factors determining the
market price of the Turbo's XL Long remain unchanged, the value of the Turbo's XL Long.
PART A - PRODUCT TERMS
The following “
Product Terms” of the Securities shall, for the relevant Securities, amend and put in concrete
terms the General Conditions for the purposes of such Securities. A version of these Product Terms as amended
and completed for the specific issue will be contained in the applicable Final Terms and must be read in conjunction
with the General Conditions.
The Product Terms are composed of:
Part 1: Key Terms and Definitions of the Securities; and
Part 2: Special Conditions of the Securities (for the individual types of Securities).
Product Terms and General Conditions together constitute the “
Conditions” of the relevant Securities.
In the event of any inconsistency between these Product Terms and the General Conditions, these Product Terms
shall prevail for the purposes of the Securities.
Product Terms Part 1: Key Terms and Definitions of the Securities
The Securities use the following definitions and have, subject to an adjustment after the Issue Date according
to the Conditions of the Securities, the following key terms, both as described below in alphabetical order. The
following does not represent a comprehensive description of the Securities, and is subject to and should be read
in conjunction with the Conditions of the Securities. The use of the symbol “*” in the Key Terms and Definitions
of the Securities indicates that the relevant determination will be made by the Calculation Agent or the Issuer, as
the case may be, and will be published without undue delay thereafter in accordance with the applicable legal
requirements.
Additional Termination Event:
Additional Termination Event, in relation to a share used as the Underlying
means any of the following events:
(i) The Issuer obtains knowledge about the intention to discontinue
permanently the quotation of the shares of the stock corporation, the
share(s) of which is/are used as the Underlying or, if in the applicable
Product Terms in the definition of "Underlying" a "Basket" is specified
to be applicable, as the Basket Component, (the "
Company") in the
Relevant Trading System or on the Relevant Exchange, as the case may be,
due to a merger or a new company formation, due to a transformation
of the Company into a legal form without shares, or due to any other
comparable reason, in particular as a result of a delisting of the Company.
(ii) An insolvency proceeding or any other similar proceeding under the
jurisdiction applicable to and governing the Company is initiated with
respect to the assets of the Company.
(iii) Take-over of the shares of the Company, which in the Issuer's opinion,
results in a significant impact on the liquidity of such shares in the market.
(iv) Offer to the shareholders of the Company pursuant to the law of the
jurisdiction applicable to and governing the Company to convert existing
shares of the Company to cash settlement, to Securities other than shares
or rights, which are not quoted on a stock exchange and/or in a trading
system.
and, in relation to a certificate representing shares used as the Underlying,
means any of the following events:
(i) The Issuer obtains knowledge about the intention to discontinue
permanently the quotation of the certificate representing shares on the
Relevant Exchange.
(ii) An insolvency proceeding or any other similar proceeding under the
jurisdiction applicable to and governing the company, which has issued the
Underlying Shares is initiated with respect to the assets of such company.
Adjustment Date:
The Adjustment Date means each Exchange Business Day commencing on 27
November 2020.
Adjustment Time:
The Adjustment Time equals 22:30 hrs local time Amsterdam, the Netherlands.
American Depositary Receipts: American Depositary Receipt means a negotiable instrument issued by a
United States commercial bank acting as a depositary pursuant to a Depositary
Agreement unless such Depositary Agreement has not been entered into,
that represents a specified number of Underlying Shares issued by an entity
organised outside the United States held in a safekeeping account with the
depositary’s custodian.
Banking Day:
The Banking Day means each day on which the Trans-European Automated
Calculation Agent:
The Calculation Agent means UBS AG, Bahnhofstrasse 45, 8001 Zurich,
Switzerland, acting through its London Branch, 1 Finsbury Avenue, London,
EC2M 2PP, United Kingdom.
Currency of the Knock Out
Barrier:
The Currency of the Knock Out Barrier means: see table below.
Depositary Agreement:
Depositary Agreement means the agreement(s) or other instrument(s)
constituting the American Depositary Receipts or, as the case may be, the
Global Depositary Receipts as from time to time amended in accordance with
its/their terms.
DivFactor:
DivFactor (if applicable) means a dividend factor, which reflects any taxation
applied on dividends. On any Adjustment Date, the DivFactor is determined
at the Calculation Agent’s reasonable discretion to be a value between 0 %
(including) and 100% (including).
Dividend:
Dividend (if applicable) means dividend or similar payments, as determined by
the Calculation Agent at its reasonable discretion, distributed to hypothetical
holders of the Underlying, whereby the
ex-dividend day of such payment on
the Relevant Exchange is between the current and the immediately succeeding
Exchange Business Day.
Exchange Business Day:
The Exchange Business Day means each day, on which the Relevant Exchange
is open for trading and the Price of the Underlying is determined in accordance
with the relevant rules.
Exercise Time:
The Exercise Time equals 10:00 hrs local time Amsterdam, the Netherlands.
Expiration Date:
Open End.
Fixing Date:
The Fixing Date means 26 November 2020.
Global Depositary Receipt:
Global Depositary Receipt means a negotiable instrument issued by a
commercial bank acting as a depositary pursuant to a Depositary Agreement
unless such Depositary Agreement has not been entered into, that represents
a specified number of Underlying Shares issued by an entity and held in a
safekeeping account with the depositary’s custodian.
Governing Law:
Dutch law governed Securities.
Initial Financing Spread:
The Initial Financing Spread equals: see table below.
Initial Knock Out Barrier:
The Initial Knock Out Barrier equals: see table below.
Initial Payment Date:
The Initial Payment Date means 1 December 2020.
Initial Strike:
The Initial Strike equals: see table below.
Issue Date:
The Issue Date means 1 December 2020.
Issuer:
The Issuer means BinckBank N.V., Barbara Strozzilaan 310, 1083 HN
Amsterdam, the Netherlands
Minimum Trading Size:
The Minimum Trading Size equals 1 Security.
Multiplier:
The Multiplier means: see table below.
Paying Agent:
The Paying Agent means UBS Switzerland AG, Bahnhofstrasse 45, 8001 Zurich,
Switzerland.
The Paying Agent is the party arranging for the relevant payments at issuance
and redemption of the Securities.
Price of the Underlying:
The Price of the Underlying means the price of the Underlying as continuously
determined on the Relevant Exchange.
Principal Paying Agent:
The Principal Paying Agent means UBS Switzerland AG, Bahnhofstrasse 45,
8001 Zurich, Switzerland.
Rate:
The Rate means the USD-LIBOR-Overnight-Rate as determined by the
Calculation Agent at its reasonable discretion on the relevant Adjustment Date.
If (i) the Rate is no longer displayed or is discontinued permanently without an
official legal successor rate or (ii) the administrator of the relevant rate fails to
obtain or maintain any necessary approvals or registrations, the Issuer is entitled
to replace the Rate by another interest rate, representing, at the reasonable
discretion of the Calculation Agent, an economically comparable concept, (the
“
Successor Rate”). The Successor Rate and the date it is applied for the first
time shall be published without undue delay by way of publication pursuant
to § 14 of these Conditions.
Redemption Currency:
The Redemption Currency means EUR. The product feature "
Currency
Conversion" applies.
Redemption Date:
The Redemption Date means the third Banking Day after
(i) in case of an exercise by the Securityholder in accordance with §3(1) of the
Special Conditions of the Securities, the relevant Valuation Date in relation
to the Exercise Date,
(ii) in case of a redemption of the Securities by the Issuer in accordance with
§3(5) of the Special Conditions of the Securities, the relevant Valuation
Date in relation to the Issuer Exercise Date,
(iii) in case of a termination by the Issuer in accordance with §8 of the General
Conditions of the Securities, the Termination Date.
Relevant Conversion Rate:
The Relevant Conversion Rate means the relevant rate, as determined by the
Calculation Agent at its reasonable discretion.
Relevant Exchange:
The Relevant Exchange means: see table below.
Relevant Futures and Options
Exchange:
The Relevant Futures and Options Exchange means the futures and options
exchange(s), on which futures and option contracts on the Underlying are
primarily traded, as determined by the Calculation Agent.
Securities:
Securities means the Turbo's XL Long issued by the Issuer in the Issue Size with
the following product feature:
Minimum Exercise Size:
Applicable
Securityholder’s Extraordinary
Termination Right:
Not Applicable
Quanto:
Not Applicable
Consideration of Components:
Not Applicable
Individual Determination:
Applicable
Collective Determination:
Not Applicable
Benchmark Adjustment:
Not Applicable
Settlement Cycle:
The Settlement Cycle means the number of business days following a trade in
the Underlying on the Relevant Exchange in which settlement will customarily
occur according to the rules of the Relevant Exchange.
Settlement Price:
The Settlement Price of the Underlying equals the Price of the Underlying on
the Valuation Date at the Valuation Time.
Start of the public offer of the
Securities:
27 November 2020: The Netherlands and Belgium.
Strike Currency:
The Strike Currency means: see table below.
Termination Amount:
The Termination Amount equals an amount in the Redemption Currency,
which is determined by the Calculation Agent at its reasonable discretion and
considering the then prevailing Price of the Underlying, as the fair market price
of a Security at the occurrence of the termination of the Securities.
Underlying Calculation Date:
The Underlying Calculation Date means each day, on which the Relevant
Exchange is open for trading and the Price of the Underlying is determined in
accordance with the relevant rules.
Underlying Currency:
The Underlying Currency means: see table below.
Underlying:
The Underlying means the share or the American Depositary Receipt (also
“
ADR”) or the Global Depositary Receipt (also “GDR”) or other depositary
receipt on the share: see table below
In such context, the share underlying the ADR or the GRD, as the case may be,
is also referred to as the “
Underlying Share”.
The Underlying is expressed in the Underlying Currency.
Valuation Date:
The Valuation Date means
(i) in case of an exercise by the Securityholder in accordance with §3(1) of
the Special Conditions of the Securities, subject to an effective exercise
procedure, the relevant Exercise Date or, as the case may be,
(ii) in case of a redemption of the Securities by the Issuer in accordance with
§3(5) of the Special Conditions of the Securities, the relevant Issuer Exercise
Date.
If one of these days is not an Exchange Business Day in relation to the
Underlying, the immediately succeeding Exchange Business Day is deemed to
be the relevant Valuation Date in relation to the Underlying.
Valuation Time:
The Valuation Time means the time of the official determination of the closing
price of the Underlying.
Security Code Underlying Under-lying Currency
Strike Currency / Currency of the Knock Out Barrier
Initial Strike Initial Knock Out
Barrier Issue Price (in the Redemp-tion Currency) // [Entry Cost] Initial Financing Spread (in %)
Multi-plier MinimumExercise Size Issue Size(up to) Relevant Exchange
BCK103802228 Apple USD USD 50.0 50.0 5.66 [0.12] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802110 Microsoft USD USD 90.0 90.0 10.57 [0.17] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802106 3M USD USD 170.0 170.0 0.81 [0.21] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802226 Exxon Mobil USD USD 40.0 40.0 0.16 [0.09] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802108 Merck USD USD 58.0 58.0 1.93 [0.07] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802114 NEWMONT CORP USD USD 25.0 25.0 27.86 [0.32] 3.0 1:1 1 3,000,000 New York Stock
Exchange
BCK103802222 WALMART USD USD 146.0 146.0 0.58 [0.09] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802224 WALMART USD USD 148.0 148.0 0.42 [0.10] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802134 NVIDIA USD USD 510.0 510.0 1.9 [0.27] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802132 Nike USD USD 132.0 132.0 0.4 [0.11] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802124 Nike USD USD 128.0 128.0 0.74 [0.11] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802128 Nike USD USD 130.0 130.0 0.57 [0.11] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802126 Nike USD USD 129.0 129.0 0.65 [0.10] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802130 Nike USD USD 131.0 131.0 0.48 [0.10] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802144 Procter & Gamble USD USD 60.0 60.0 6.7 [0.09] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802098 McDonald's USD USD 210.0 210.0 0.95 [0.17] 3.0 10:1 1 3,000,000 New York Stock
Security Code Underlying Under-lying Currency
Strike Currency / Currency of the Knock Out Barrier
Initial Strike Initial Knock Out
Barrier Issue Price (in the Redemp-tion Currency) // [Entry Cost] Initial Financing Spread (in %)
Multi-plier MinimumExercise Size Issue Size(up to) Relevant Exchange
BCK103802096 McDonald's USD USD 100.0 100.0 10.18 [0.16] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802100 McDonald's USD USD 212.0 212.0 0.78 [0.17] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802180 Starbucks USD USD 94.0 94.0 0.43 [0.08] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802182 Starbucks USD USD 96.0 96.0 0.26 [0.08] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802214 Visa USD USD 100.0 100.0 9.41 [0.10] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802216 Visa USD USD 204.0 204.0 0.68 [0.10] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802088 MasterCard USD USD 324.0 324.0 1.62 [0.17] 3.0 10:1 1 3,000,000 NEW YORK STOCK
EXCHANGE, INC.
BCK103802090 MasterCard USD USD 326.0 326.0 1.45 [0.17] 3.0 10:1 1 3,000,000 NEW YORK STOCK
EXCHANGE, INC.
BCK103802092 MasterCard USD USD 328.0 328.0 1.28 [0.16] 3.0 10:1 1 3,000,000 NEW YORK STOCK
EXCHANGE, INC.
BCK103802094 MasterCard USD USD 330.0 330.0 1.12 [0.17] 3.0 10:1 1 3,000,000 NEW YORK STOCK
EXCHANGE, INC.
BCK103802112 Micron USD USD 61.0 61.0 0.27 [0.07] 3.0 10:1 1 3,000,000 NASDAQ
BCK103802220 Wells Fargo & Co. USD USD 28.0 28.0 0.92 [0.42] 3.0 1:1 1 3,000,000 New York Stock
Exchange
BCK103802218 Wells Fargo & Co. USD USD 27.0 27.0 1.76 [0.42] 3.0 1:1 1 3,000,000 New York Stock
Exchange
BCK103802116 Netflix USD USD 472.0 472.0 1.46 [0.37] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets
BCK103802104 Medtronic USD USD 112.0 112.0 0.21 [0.10] 3.0 10:1 1 3,000,000 NEW YORK STOCK
EXCHANGE, INC.
BCK103802102 Medtronic USD USD 110.0 110.0 0.37 [0.09] 3.0 10:1 1 3,000,000 NEW YORK STOCK
EXCHANGE, INC.
BCK103802196 Tesla Inc USD USD 484.0 484.0 0.89 [0.13] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Security Code Underlying Under-lying Currency
Strike Currency / Currency of the Knock Out Barrier
Initial Strike Initial Knock Out
Barrier Issue Price (in the Redemp-tion Currency) // [Entry Cost] Initial Financing Spread (in %)
Multi-plier MinimumExercise Size Issue Size(up to) Relevant Exchange
BCK103802200 Tesla Inc USD USD 508.0 508.0 0.69 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802202 Tesla Inc USD USD 516.0 516.0 0.62 [0.13] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802198 Tesla Inc USD USD 496.0 496.0 0.79 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802204 Twitter USD USD 43.5 43.5 2.95 [0.52] 3.0 1:1 1 3,000,000 New York Stock
Exchange
BCK103802206 Twitter USD USD 44.0 44.0 2.53 [0.51] 3.0 1:1 1 3,000,000 New York Stock
Exchange
BCK103802208 Twitter USD USD 44.5 44.5 2.11 [0.51] 3.0 1:1 1 3,000,000 New York Stock
Exchange
BCK103802192 SPLUNK INC USD USD 195.0 195.0 0.84 [0.51] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802194 SPLUNK INC USD USD 200.0 200.0 0.55 [0.46] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802152 PayPal USD USD 195.0 195.0 1.73 [0.09] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802154 PayPal USD USD 196.0 196.0 1.65 [0.10] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802156 PayPal USD USD 197.0 197.0 1.57 [0.10] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802158 PayPal USD USD 198.0 198.0 1.48 [0.09] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802160 PayPal USD USD 199.0 199.0 1.4 [0.10] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802162 PayPal USD USD 200.0 200.0 1.31 [0.09] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802164 PayPal USD USD 201.0 201.0 1.23 [0.10] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802166 PayPal USD USD 202.0 202.0 1.15 [0.10] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Security Code Underlying Under-lying Currency
Strike Currency / Currency of the Knock Out Barrier
Initial Strike Initial Knock Out
Barrier Issue Price (in the Redemp-tion Currency) // [Entry Cost] Initial Financing Spread (in %)
Multi-plier MinimumExercise Size Issue Size(up to) Relevant Exchange
BCK103802168 PayPal USD USD 203.0 203.0 1.06 [0.09] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802170 PayPal USD USD 204.0 204.0 0.98 [0.10] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802172 PayPal USD USD 205.0 205.0 0.89 [0.09] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802174 PayPal USD USD 206.0 206.0 0.81 [0.10] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802176 PayPal USD USD 207.0 207.0 0.73 [0.10] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802178 PayPal USD USD 208.0 208.0 0.64 [0.09] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802150 PayPal USD USD 194.0 194.0 1.82 [0.10] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802146 PayPal USD USD 192.0 192.0 1.99 [0.10] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802148 PayPal USD USD 193.0 193.0 1.9 [0.09] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
BCK103802186 Shopify USD USD 950.0 950.0 0.67 [0.09] 3.0 100:1 1 3,000,000 New York Stock
Exchange
BCK103802188 Shopify USD USD 960.0 960.0 0.59 [0.09] 3.0 100:1 1 3,000,000 New York Stock
Exchange
BCK103802190 Shopify USD USD 970.0 970.0 0.51 [0.09] 3.0 100:1 1 3,000,000 New York Stock
Exchange
BCK103802184 Shopify USD USD 940.0 940.0 0.76 [0.09] 3.0 100:1 1 3,000,000 New York Stock
Exchange BCK103802138 NXPI
Semiconductors USD USD 152.0 152.0 0.75 [0.27] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,Inc.
BCK103802136 NXPI Semiconductors
USD USD 150.0 150.0 0.91 [0.26] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc. BCK103802140 NXPI
Semiconductors
USD USD 154.0 154.0 0.58 [0.27] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Security Code Underlying Under-lying Currency
Strike Currency / Currency of the Knock Out Barrier
Initial Strike Initial Knock Out
Barrier Issue Price (in the Redemp-tion Currency) // [Entry Cost] Initial Financing Spread (in %)
Multi-plier MinimumExercise Size Issue Size(up to) Relevant Exchange
BCK103802210 Uber Technologies USD USD 49.0 49.0 0.25 [0.10] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802212 Uber Technologies USD USD 50.0 50.0 0.16 [0.09] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802120 NIO Inc. USD USD 50.0 50.0 0.331 [0.021] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802118 NIO Inc. USD USD 22.0 22.0 2.681 [0.021] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802122 NIO Inc. USD USD 51.0 51.0 0.241 [0.011] 3.0 10:1 1 3,000,000 New York Stock
Exchange
BCK103802142 Pfizer USD USD 20.0 20.0 14.12 [0.27] 3.0 1:1 1 3,000,000 New York Stock
Product Terms Part 2: Special Conditions of the Securities
§1
Option Right
(1)
Option Right of the Securityholders
The Issuer hereby warrants to the Securityholder (§4(2) of these Conditions) of each (1) Security relating
to the Price of the Underlying
in accordance with these Conditions that such Securityholder shall have the
right
(the “Option Right”) to receive, subject to the occurrence of a Knock Out Event in accordance with
§2 of these Conditions, the Settlement Amount (§1(2) of these Conditions), converted into the Redemption
Currency, multiplied by the Multiplier, expressed as a decimal number, and commercially rounded to two
decimal places (the “
Redemption Amount”).
(2)
Settlement Amount
The “
Settlement Amount” is calculated in accordance with the following formula:
Max[0; (Settlement Price - Current Strike)]
(3)
Adjustment of the Strike
On each Adjustment Date and coming into effect at the Adjustment Time, the Initial Strike and, thereafter,
any then current strike (each the “
Strike”) is adjusted by the Calculation Agent in accordance with the
following formula, whereby the so adjusted new Strike (being current on such Adjustment Date) is referred
to as “
Current Strike":
(The result commercially rounded to four decimal places)
For the avoidance of doubt: For the calculation of the respective subsequent Current Strike, Strike(Old)
not rounded will be used.
The Current Strike will be published on the Exchange Business Day immediately succeeding the Adjustment
Date before the start of trading on the website of the Issuer at turbos.binck.com.
Whereby:
“
Adjustment Date” means each Exchange Business Day commencing on 27 November 2020.
“
Adjustment Time” means 22:30 hrs local time Amsterdam, the Netherlands.
“
Initial Strike” equals: see preceeding table.
“
Strike(Old)” means the Strike on any Adjustment Date prior to the adjustment.
Following the Initial Financing Spread, “
FSpread” means the financing spread, which is set on any
Adjustment Date to be a value between 1% (including) and 25% (including), as determined at the
Calculation Agent’s reasonable discretion. The “
Initial Financing Spread” equals: see preceeding table.
“
Rate” means the USD-LIBOR-Overnight-Rate as determined by the Calculation Agent at its reasonable
discretion on the relevant Adjustment Date.
If (i) the Rate is no longer displayed or is discontinued permanently without an official legal successor rate or
(ii) the administrator of the relevant rate fails to obtain or maintain any necessary approvals or registrations,
the Issuer is entitled to replace the Rate by another interest rate, representing, at the reasonable discretion
of the Calculation Agent, an economically comparable concept, (the “
Successor Rate”). The Successor
Rate and the date it is applied for the first time shall be published without undue delay by way of publication
pursuant to § 14 of these Conditions.
“
Dividend” (if applicable) means dividend or similar payments, as determined by the Calculation Agent
at its reasonable discretion, distributed to hypothetical holders of the Underlying, whereby the
ex-dividend
day of such payment on the Relevant Exchange is between the current and the immediately succeeding
Exchange Business Day.
“
DivFactor” (if applicable) means a dividend factor, which reflects any taxation applied on dividends. On
any Adjustment Date, the DivFactor is determined at the Calculation Agent’s reasonable discretion to be
a value between 0% (including) and 100% (including).
“
n” means the number of calendar days from the current Adjustment Date (excluding) to the immediately
succeeding Adjustment Date (including).
“
Strike Currency” means: see preceeding table.
(4)
Determinations and calculations in connection with the Option Right
Any determinations and calculations in connection with the Option Right, in particular the calculation of
the Redemption Amount, will be made by the Calculation Agent. Determinations and calculations made
in this respect by the Calculation Agent shall (save in the case of manifest error) be final, conclusive and
binding on the Issuer and the Securityholders.
§2
Knock Out Event
(1)
Consequences of the occurrence of a Knock Out Event
If a
Knock Out Event (§2(2) of these Conditions) occurs, the Option Right expires worthless on such day
(the “
Knock Out Expiration Date”) and the Securities become invalid.
(2)
Occurrence of a Knock Out Event
A “
Knock Out Event” shall occur, if at any time following the Start of the public offer of the Securities
the Price of the Underlying
is equal to or below the Current Knock Out Barrier.
(3)
Adjustment of the Knock Out BarrierOn each Adjustment Date and coming into effect at the Adjustment Time, the Initial Knock Out Barrier and,
thereafter, any then current Knock Out Barrier (each a “
Knock Out Barrier”) is adjusted by the Calculation
Agent in accordance with the following formula, whereby the so adjusted new Knock Out Barrier (being
current on such Adjustment Date) is referred to as the “
Current Knock Out Barrier"):
(The result commercially rounded to four decimal places)
For the avoidance of doubt: For the calculation of the respective subsequent Current Knock Out Barrier,
KOB(Old) not rounded will be used.
The Current Knock Out Barrier will be published on the Exchange Business Day immediately succeeding
the Adjustment Date before the start of trading on the website of the Issuer at turbos.binck.com.
Whereby:
“
Adjustment Time” has the meaning as given to it in §1(3) of these Conditions.
“
Initial Knock Out Barrier” equals: see preceeding table.
“
KOB(Old)” means the Knock Out Barrier on any Adjustment Date prior to the adjustment.
“
FSpread” has the meaning as given to it in § 1 (3) of these Conditions.
“
Rate” has the meaning as given to it in § 1 (3) of these Conditions.
“
Dividend” (if applicable) has the meaning as given to it in § 1 (3) of these Conditions.
“
DivFactor” (if applicable) has the meaning as given to it in § 1 (3) of these Conditions.
“
n” has the meaning as given to it in § 1 (3) of these Conditions.
“
Currency of the Knock Out Barrier” means: see preceding table.
§3
Exercise Procedure; Exercise Notice; Exercise Date
(1)
Exercise Procedure
The Option Right may in each case only be exercised by the Securityholder every 3 months, for the first
time on 1 March 2021 (the “
Exercise Date”) (If one of these days is not an Exchange Business Day,
the immediately succeeding Exchange Business Day is deemed to be the relevant Exercise Date) until the
Exercise Time (with effect as of such Exercise Date) and in accordance with the exercise procedure described
below.
(2)
Minimum Exercise Size
Except when Automatic Exercise applies, the Option Rights may, subject to §2(3) of these Conditions, only
be exercised in a number equal to the Minimum Exercise Size. An exercise of more than the Minimum
Exercise Size of the Securities that is not an integral multiple thereof will be deemed to be an exercise of
a number of Securities that is equal to the Minimum Exercise Size or the next lowest integral multiple of
the Minimum Exercise Size.
(3)
Exercise of the Options Rights
For a valid exercise of the Option Rights the following conditions have to be met on the relevant Exercise
Date until the Exercise Time:
(i)
The Issuer must receive written and legally signed notice by the Securityholder stating his intention
to exercise the Option Right securitised in the Security (the “
Exercise Notice”). The Exercise
Notice is irrevocable and binding and shall contain among other things (a) the name of the
Securityholder, (b) an indication of the number of Securities to be exercised and (c) the account
of the Securityholder with BinckBank, to which the transfer of the Redemption Amount, if any,
shall be effected.
(ii)
the effected transfer of the respective Securities to BinckBank by crediting the Securities to the
client securities account maintained by BinckBank with the Settlement Bank.
If these conditions are met after lapse of the Exercise Time on the Exercise Date, the Option Right shall be
deemed to be exercised on the immediately succeeding Exercise Date.
(4)
Calculations
Upon exercise of the Option Rights as well as determination of the Settlement Price of the Underlying the
Calculation Agent (§ 12 of these Conditions) shall calculate the Redemption Amount payable, if any, either
corresponding to the number of Securities actually delivered or to the number of Securities specified in
the Exercise Notice, whichever is lower. In case the number of Securities actually delivered is higher than
the number of Securities specified in the Exercise Notice, any remaining excess amount with respect to the
Securities delivered will be returned to the relevant Securityholder.
(5)
Exercise by the Issuer
The Issuer shall be entitled every 3 months, for the first time on 1 March 2021 (including), and subject
to a period of notice of 3 months, to terminate and redeem the Securities not yet exercised by way of
publication pursuant to §14 of these Conditions on any Exercise Date (such day is referred to as the “
Issuer
Exercise Date”), with effect as of such Issuer Exercise Date.
In the case of a redemption by the Issuer in accordance with the paragraph above, the Issuer shall pay to
each Securityholder an amount equal to the Settlement
Amount (§1(2) of these Conditions), converted into
the Redemption Currency, multiplied by the Multiplier, expressed as a decimal number, and commercially
rounded to two decimal places (also the “
Redemption Amount”).
PART B - OFFERING AND SALE
I. Offering for Sale and Issue Price
Offering for Sale and Issue
Price:
The Turbo's XL Long (the “
the Issuer in the Issue Size.
Securities”, and each a “Security”) are issued by
Issue Size:
The Issue Size means for each series: see preceding table.
Aggregate Amount of the
Issue:
For each series: Issue Price x Issue Size.
Issue Date:
The Issue Date means 1 December 2020.
Issue Price:
The Issue Price equals for each series: see preceding table.
The Issue Price includes product specific entry cost for each series: see preceding
table.
Estimated expenses charged
to the investor by the Issuer:
Not applicable; no expenses are charged to the investor by the Issuer.
II. Subscription, Purchase and Delivery of the Securities
Subscription, Purchase and
Delivery of the Securities:
The Securities may be purchased from the Issuer during normal banking hours.
The offer of the Securities is made on a continuous basis. There will be no
subscription period. The Issue Price per Security is payable on the Initial Payment
Date, or in case of Securities purchased on or after the Initial Payment Date,
on the second business day after the purchase date.
Only customers of BinckBank (i) who hold a brokerage account with BinckBank,
and (ii) who are residents of a Relevant Member State, can purchase the
Securities.
Upon receipt of the Issue Price per Security on the Initial Payment Date, or in
case of Securities purchased on or after the Initial Payment Date, on the second
business day after the purchase date, the appropriate number of Securities shall
be credited to the investor’s securities account with BinckBank by way of
book-entry in such securities account.
Start of the public offer of the
Securities:
27 November 2020: The Netherlands and Belgium.
PART C - OTHER INFORMATION
I. Intentionally left blank
II. Intentionally left blank
III. Listing and Trading
Listing and Trading:
The Issuer does not intend to apply for admission of the Securities to trading
on a regulated market or other equivalent market.
The Securities will become tradable via the electronic trading systems
CATS-OS and/or CATS-LS (collectively "
CATS"), operated by Boerse Stuttgart cats
GmbH. CATS (or its successor in respect of CATS) is a bilateral trading system
and only facilitates bilateral transactions.
IV. Intentionally left blank
V. Rating
Rating:
The Securities have not been rated.
VI. Intentionally left blank
VII. Intentionally left blank
VIII. Intentionally left blank
PART E - INFORMATION ABOUT THE UNDERLYING
The following information about the Underlying comprises extracts or summaries of information publicly available.
The Issuer confirms that such information has been accurately reproduced. As far as the Issuer is aware and is able
to ascertain from information published by that third party, no facts have been omitted which would render the
reproduced information inaccurate or misleading.
Apple Inc. (ISIN US0378331005)
Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile
communication devices along with a variety of related software, services, peripherals, and networking solutions.
The company sells its products worldwide through its online stores, its retail stores, its direct sales force,
third-party wholesalers, and resellers.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.apple.com.
Microsoft Corporation (ISIN US5949181045)
Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The company offers
operating system software, server application software, business and consumer applications software, software
development tools, and Internet and intranet software. Microsoft Corporation also develops video game consoles
and digital music entertainment devices.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.microsoft.com.
3M Company (ISIN US88579Y1010)
3M Company conducts operations in electronics, telecommunications, industrial, consumer and office, health
care, safety, and other markets. The company's businesses share technologies, manufacturing operations, brands,
marketing channels, and other resources. 3M Company serves customers in countries located around the world.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.mmm.com.
Exxon Mobil Corporation (ISIN US30231G1022)
Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis. Its operations
include exploration and production of oil and gas, electric power generation, and coal and minerals operations.
Exxon Mobil Corporation also manufactures and markets fuels, lubricants, and chemicals.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.exxon.com.
Merck & Co., Inc. (ISIN US58933Y1055)
Merck & Co., Inc. is a global pharmaceutical company that discovers, develops, manufactures, and markets a broad
range of human and animal health products. Its products include a treatment for elevated cholesterol, a treatment
for male pattern hair loss, a preventive treatment for osteoporosis, a treatment for hypertension, and a treatment
for allergic rhinitis.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.merck.com.
NEWMONT CORP (ISIN US6516391066)
Newmont Mining Corporation acquires, explores, and develops mineral properties. The company produces gold
from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico.
Newmont Mining Corporation also mines and processes copper in Indonesia.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.newmont.com.
Walmart Inc. (ISIN US9311421039)
Walmart Inc. operates discount stores, supercenters, and neighbourhood markets. Its discount stores and
supercenters offer merchandise such as apparel, housewares, small appliances, electronics, and hardware. Walmart
markets offer a full-line supermarket and a limited assortment of general merchandise. The company operates
nationally and internationally.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.walmart.com.
NVIDIA Corporation (ISIN US67066G1040)
NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related
software. The company's products provide interactive 3D graphics to the mainstream personal computer market.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.nvidia.com.
Nike, Inc. (ISIN US6541061031)
Nike, Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men,
women, and children. The company sells its products worldwide to retail stores, through its own stores, subsidiaries,
and distributors.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.nike.com.
The Procter & Gamble Company (ISIN US7427181091)
The Procter & Gamble Company manufactures and markets consumer products in countries throughout the world.
The company provides products in the laundry and cleaning, paper, beauty care, food and beverage, and health
care segments. Its products are sold primarily through mass merchandisers, grocery stores, membership club stores,
drug stores, and neighborhood stores.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.pg.com.
McDonald's Corporation (ISIN US5801351017)
McDonald's Corporation franchises and operates fast-food restaurants in the global restaurant industry. The
company's restaurants serve a variety of value-priced menu products in countries around the world.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.mcdonalds.com.
Starbucks Corporation (ISIN US8552441094)
Starbucks Corporation retails, roasts, and provides its own brand of specialty coffee. The company operates retail
locations worldwide and sells whole bean coffees through its sales group, direct response business, supermarkets,
and on the World Wide Web. Starbucks Corporation also produces and sells bottled coffee drinks and a line of
ice creams.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.starbucks.com.
Visa Inc. (ISIN US92826C8394)
Visa Inc. operates a retail electronic payments network and manages globalfinancial services. The company also
offers global commerce through the transfer of value and information among financial institutions, merchants,
consumers, businesses and government entities.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.corporate.visa.com.
MasterCard Incorporated (ISIN US57636Q1040)
MasterCard Incorporated is a global payment solutions company that provides a variety of services in support of
the credit, debit and related payment programs of financial institutions. The company offers transaction processing
services for credit and debit cards, electronic cash, automated teller machines, and travellers checks.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.mastercard.com.
Micron Technology, Inc. (ISIN US5951121038)
Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips
(DRAMs), very fast static random access memory chips (SRAMs), Flash Memory, other semiconductor components,
and memory modules.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.micron.com.
Wells Fargo & Company (ISIN US9497461015)
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments,
mortgage, leasing, credit cards, and consumer finance. The company operates through physical stores, the internet
and other distribution channels across North America and elsewhere internationally.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.wellsfargo.com.
Netflix, Inc. (ISIN US64110L1061)
Netflix, Inc. is an Internet subscription service for watching TV shows and movies. Subscribers can instantly watch
unlimited TV shows and movies streamed over the Internet to their TVs, computers and mobile devices and in the
United States, subscribers can receive standard definition DVDs and Blue-ray Discs delivered to their homes.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.netflix.com.
Medtronic plc (ISIN IE00BTN1Y115)
Medtronic plc develops therapeutic and diagnostic medical products. The principal products of the company
include those for bradycardia pacing, tachyarrhythmia management, atrial fibrillation management, heart failure
management, heart valve replacement, malignant and non-malignant pain, and movement disorders. The products
are sold worldwide.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.medtronic.com.
Tesla Inc. (ISIN US88160R1014)
Tesla Inc. designs, manufactures, and sells high-performance electric vehicles and electric vehicle powertrain
components. The company owns its sales and service network and sells electric powertrain components to other
automobile manufacturers.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.teslamotors.com.
TWITTER INC. (ISIN US90184L1026)
TWITTER INC. provides real-time short messaging and multimedia messaging services that work over multiple
networks and devices. The company offers users the ability to write short text messages and to follow the activity
of other users.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.twitter.com.
SPLUNK INC (ISIN US8486371045)
Splunk Inc. develops web based application software. The company provides software that collects and analyzes
machine data generated by websites, applications, servers, networks, and mobile devices. Splunk serves customers
worldwide.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.splunk.com.
PayPal Holdings, Inc. (ISIN US70450Y1038)
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments
on behalf of consumers and merchants. The company offers online payment solutions and serves customers
worldwide.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.paypal.com.
Shopify Inc. (ISIN CA82509L1076)
Shopify Inc. provides a cloud-based commerce platform. The company offers a platform for merchants to create
an omni-channel experience that helps showcase the merchant's brand.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.shopify.com.
NXP Semiconductors N.V. (ISIN NL0009538784)
NXP Semiconductors N.V. operates as a global semiconductor company. The company designs semiconductors
and software for mobile communications, consumer electronics, security applications, in-car entertainment, and
networking. NXP Semiconductors N.V. offers its products to the automotive, identification, wireless infrastructure,
lighting, mobile, and computing applications.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.nxp.com.
Uber Technologies, Inc. (ISIN US90353T1007)
Uber Technologies, Inc. provides ride hailing services. The company develops application for road transportation,
navigation, ride sharing, and payment processing solutions. Uber Technologies, Inc. serves customers worldwide.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.uber.com.
NIO Inc. - ADR (ISIN US62914V1061)
NIO Inc. designs, manufactures and sells smart and connected electric vehicles. It manufactures autonomous driving
electric vehicles integrated with next generation technologies and artificial intelligence.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.nio.com.
Pfizer Inc. (ISIN US7170811035)
Pfizer Inc. is a research-based, global pharmaceutical company that discovers, develops, manufactures, and markets
medicines for humans and animals. The products of the company include prescription pharmaceuticals,
non-prescription self-medications, and animal health products such as anti-infective medicines and vaccines.
Further information as well as information about the past and further performance and the volatility of the
Underlying
can be obtained from the internet page www.pfizer.com.
Section A – Introduction and warnings Warnings
(a) The Summary should be read as an introduction to the Prospectus.
(b) Any decision to invest in the Securities should be based on a consideration of the Prospectus as whole by the investor. (c) The Securities are not capital protected and there is no minimum redemption amount. Accordingly, the investor
could lose all or part of the invested capital.
(d) Where a claim relating to the information contained in the Prospectus is brought before a court, the plaintiff investor might, under national law, have to bear the costs of translating the Prospectus before the legal proceedings are initiated. (e) Civil liability attaches only to those persons who have tabled the Summary, including any translation thereof, but only where the Summary is misleading, inaccurate or inconsistent, when read together with the other parts of the Prospectus, or where it does not provide, when read together with the other parts of the Prospectus, key information in order to aid investors when considering whether to invest in the Securities.
(f) You are about to purchase a product that is not simple and may be difficult to understand.
Introductory Information Name and ISIN of the Securities:
Turbo's XL Long (the "Securities") with ISIN (In respect of each Series: see table below) Identity and contact details of the Issuer:
BinckBank N.V., Barbara Strozzilaan 310, 1083 HN Amsterdam, the Netherlands, telephone +31(0)20-5220330, LEI 7245006VSPI8FWN4DW03.
Identity and contact details of the offeror:
BinckBank N.V., Barbara Strozzilaan 310, 1083 HN Amsterdam, the Netherlands, telephone +31(0)20-5220330, LEI 7245006VSPI8FWN4DW03.
Competent authority that approved the Prospectus:
The Dutch Authority for the Financial Markets (“AFM”), P.O. box 11723, 1001 GS, Amsterdam, The Netherlands, telephone
+31(0)20-797 2000.
Date of approval of the Prospectus:
8 June 2020
Section B – Key Information on the Issuer Who is the Issuer of the Securities?
Domicile and legal form of the Issuer
BinckBank is a public limited liability company (naamloze vennootschap) incorporated under Dutch law by a notarial deed
dated 23 February 1981 and operates under Dutch law. BinckBank has its statutory seat in Amsterdam, the Netherlands. Binckbank's Legal Entity Identifier (LEI) code is 7245006VSPI8FWN4DW03.
Principal activities of the Issuer
BinckBank N.V. (BinckBank) is an online bank for investors and savers. Binckbank's services are deployed from our head office in the Netherlands and our local branches in Belgium, France, and Italy, and representation in Spain. BinckBank offers services in investment, asset management and savings, and targets its services to retail customers, businesses/legal entities, and independent asset managers. An important feature of BinckBank’s online services is a stable platform that gives users access to important financial markets, professional trading facilities, and analysis tools.
BinckBank offers its customers a stable platform giving them access to all important financial markets in the world. This includes order execution at competitive rates, combined with facilities such as excellent customer service, a professional investment website with streaming quotes, news, depth of order book, research and tools for technical and other analysis.
Major shareholders of the Issuer
Saxo Bank A/S owns directly 100% of the outstanding shares of Binckbank.
Identity of the key managing directors of the Issuer
The managing directors of the issuer are: Vincent Germyns and Liesbeth Sinke.
Identity of the statutory auditors of the Issuer
The statutory auditors of the issuer are Deloitte Accountants B.V., Gustav Mahlerlaan 2970, 1081 LA Amstrdam.
