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
ISIN: CH0586722750
3,000,000
Turbo's XL Long
linked to eBay Inc.
ISIN: CH0586722883
3,000,000
Turbo's XL Long
linked to Exxon Mobil
Corporation
ISIN: CH0586723055
3,000,000
Turbo's XL Long
linked to Goldman Sachs
Group, Inc.
ISIN: CH0586723097
3,000,000
Turbo's XL Long
linked to Goldman Sachs
Group, Inc.
ISIN: CH0586723089
3,000,000
Turbo's XL Long
linked to Goldman Sachs
Group, Inc.
ISIN: CH0586723071
3,000,000
Turbo's XL Long
linked to Goldman Sachs
Group, Inc.
ISIN: CH0586723063
3,000,000
Turbo's XL Long
linked to Goldman Sachs
Group, Inc.
ISIN: CH0586723048
3,000,000
Turbo's XL Long
linked to Goldman Sachs
Group, Inc.
ISIN: CH0586722966
3,000,000
Turbo's XL Long
linked to NEWMONT CORP
ISIN: CH0586722958
3,000,000
Turbo's XL Long
linked to NEWMONT CORP
ISIN: CH0586722990
3,000,000
Turbo's XL Long
linked to Citigroup Inc.
ISIN: CH0586722974
3,000,000
Turbo's XL Long
linked to Citigroup Inc.
ISIN: CH0586722982
3,000,000
Turbo's XL Long
linked to Citigroup Inc.
ISIN: CH0586723014
3,000,000
Turbo's XL Long
linked to JPMorgan Chase
& Co.
ISIN: CH0586723006
3,000,000
Turbo's XL Long
linked to JPMorgan Chase
& Co.
ISIN: CH0586722818
3,000,000
Turbo's XL Long
linked to Bank of America
ISIN: CH0586722859
3,000,000
Turbo's XL Long
linked to International
Business Machines
Corporation
ISIN: CH0586722925
3,000,000
Turbo's XL Long
linked to Caterpillar Inc.
ISIN: CH0586722933
3,000,000
Turbo's XL Long
linked to Caterpillar Inc.
ISIN: CH0586722941
3,000,000
Turbo's XL Long
linked to Caterpillar Inc.
ISIN: CH0586722917
3,000,000
Turbo's XL Long
linked to Caterpillar Inc.
ISIN: CH0586723139
3,000,000
Turbo's XL Long
linked to Applied Materials
Inc.
ISIN: CH0586723147
3,000,000
Turbo's XL Long
linked to Applied Materials
Inc.
ISIN: CH0586723394
3,000,000
Turbo's XL Long
linked to Danaher Corp
ISIN: CH0586723386
3,000,000
Turbo's XL Long
linked to Danaher Corp
ISIN: CH0586722842
3,000,000
Turbo's XL Long
linked to GILEAD SCIENCES,
INC.
ISIN: CH0586723212
3,000,000
Turbo's XL Long
linked to Salesforce.com,
Inc.
ISIN: CH0586723154
3,000,000
Turbo's XL Long
linked to Wells Fargo &
Company
ISIN: CH0586723162
3,000,000
Turbo's XL Long
linked to Wells Fargo &
Company
ISIN: CH0586723170
3,000,000
Turbo's XL Long
linked to Wells Fargo &
Company
ISIN: CH0586723188
3,000,000
Turbo's XL Long
linked to Teva
Pharmaceutical Industries
Limited (ADR)
ISIN: CH0586723196
3,000,000
Turbo's XL Long
linked to Teva
Pharmaceutical Industries
Limited (ADR)
ISIN: CH0586723303
3,000,000
Turbo's XL Long
linked to Medtronic plc
ISIN: CH0586723626
3,000,000
Turbo's XL Long
linked to Tesla Inc.
ISIN: CH0586723618
3,000,000
Turbo's XL Long
linked to Tesla Inc.
ISIN: CH0586723600
3,000,000
Turbo's XL Long
linked to Tesla Inc.
ISIN: CH0586723592
3,000,000
Turbo's XL Long
linked to Tesla Inc.
ISIN: CH0586723584
3,000,000
Turbo's XL Long
linked to Tesla Inc.
ISIN: CH0586723576
3,000,000
Turbo's XL Long
linked to Tesla Inc.
ISIN: CH0586723568
3,000,000
Turbo's XL Long
linked to Tesla Inc.
ISIN: CH0586723550
3,000,000
Turbo's XL Long
linked to Tesla Inc.
ISIN: CH0586723543
3,000,000
Turbo's XL Long
linked to Tesla Inc.
ISIN: CH0586723675
3,000,000
Turbo's XL Long
linked to Tesla Inc.
Technologies, Inc.
ISIN: CH0586723709
3,000,000
Turbo's XL Long
linked to NIO Inc. - ADR
ISIN: CH0586723691
3,000,000
Turbo's XL Long
linked to NIO Inc. - ADR
ISIN: CH0586723717
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723949
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723931
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723923
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723915
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723907
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723899
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723881
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723873
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723865
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723857
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723840
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723832
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723824
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723816
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723808
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723790
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723782
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723774
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723766
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723758
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723725
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723733
3,000,000
Turbo's XL Long
linked to Airbnb, Inc.
ISIN: CH0586723741
3,000,000
Turbo's XL Long
linked to Airbnb, 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
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.
PART A - PRODUCT TERMS ... 7
Product Terms Part 1: Key Terms and Definitions of the Securities...8
Product Terms Part 2: Special Conditions of the Securities... 18
PART B - OFFERING AND SALE...22
I. Offering for Sale and Issue Price...22
II. Subscription, Purchase and Delivery of the Securities... 22
PART C - OTHER INFORMATION... 23
I. Intentionally left blank ...23
II. Intentionally left blank ... 23
III. Listing and Trading...23
IV. Intentionally left blank ... 23
V. Rating... 23
VI. Intentionally left blank... 23
VII. Intentionally left blank ...23
VIII. Intentionally left blank ... 23
PART D - Intentionally left blank ... 24
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.
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 7
January 2021.
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
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 6 January 2021.
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 11 January 2021.
Initial Strike:
The Initial Strike equals: see table below.
Issue Date:
The Issue Date means 11 January 2021.
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:
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:
7 January 2021: 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.
ISIN Security Code Underlying Under-lying Currency Strike Currency / Currency of the Knock Out Barrier
Initial Strike Initial Knock Out
Barrier Issue Price (inthe Redemp-tion Currency) // [Entry Cost] Initial Financing Spread (in %)
Multi-plier MinimumExercise Size
Issue Size
(up to) Relevant Exchange
CH0586722750 BCK103830038 eBay USD USD 50.0 50.0 0.33 [0.07] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586722883 BCK103830052 Exxon Mobil USD USD 42.0 42.0 0.27 [0.10] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723055 BCK103830078 Goldman Sachs USD USD 264.0 264.0 1.58 [0.20] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723097 BCK103830086 Goldman Sachs USD USD 256.0 256.0 2.23 [0.20] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723089 BCK103830084 Goldman Sachs USD USD 258.0 258.0 2.06 [0.19] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723071 BCK103830082 Goldman Sachs USD USD 260.0 260.0 1.9 [0.19] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723063 BCK103830080 Goldman Sachs USD USD 262.0 262.0 1.74 [0.20] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723048 BCK103830076 Goldman Sachs USD USD 266.0 266.0 1.41 [0.19] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586722966 BCK103830064 NEWMONT CORP USD USD 60.0 60.0 4.05 [0.32] 3.0 1:1 1 3,000,000 New York Stock
Exchange
CH0586722958 BCK103830062 NEWMONT CORP USD USD 61.0 61.0 3.24 [0.32] 3.0 1:1 1 3,000,000 New York Stock
Exchange
CH0586722990 BCK103830070 Citigroup USD USD 60.0 60.0 0.54 [0.12] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586722974 BCK103830066 Citigroup USD USD 62.0 62.0 0.38 [0.12] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586722982 BCK103830068 Citigroup USD USD 61.0 61.0 0.46 [0.12] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723014 BCK103830074 JPMorgan Chase USD USD 122.0 122.0 0.84 [0.13] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723006 BCK103830072 JPMorgan Chase USD USD 124.0 124.0 0.68 [0.14] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586722818 BCK103830042 Bank of America USD USD 30.0 30.0 2.1 [0.31] 3.0 1:1 1 3,000,000 New York Stock
CH0586722826 BCK103830044 General Electric USD USD 10.75 10.75 0.74 [0.21] 3.0 1:1 1 3,000,000 New York Stock Exchange
CH0586722834 BCK103830046 General Electric USD USD 10.5 10.5 0.95 [0.22] 3.0 1:1 1 3,000,000 New York Stock
Exchange
CH0586723238 BCK103830104 Johnson & Johnson USD USD 150.0 150.0 0.95 [0.16] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586722859 BCK103830050 IBM USD USD 122.0 122.0 0.74 [0.16] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586722925 BCK103830056 Caterpillar USD USD 180.0 180.0 1.18 [0.13] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586722933 BCK103830058 Caterpillar USD USD 178.0 178.0 1.35 [0.14] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586722941 BCK103830060 Caterpillar USD USD 176.0 176.0 1.51 [0.14] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586722917 BCK103830054 Caterpillar USD USD 182.0 182.0 1.02 [0.13] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723139 BCK103830088 Applied Materials USD USD 85.0 85.0 0.5 [0.09] 3.0 10:1 1 3,000,000 NASDAQ
CH0586723147 BCK103830090 Applied Materials USD USD 84.0 84.0 0.58 [0.08] 3.0 10:1 1 3,000,000 NASDAQ
CH0586723394 BCK103830116 Danaher USD USD 216.0 216.0 1.38 [0.27] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723386 BCK103830114 Danaher USD USD 218.0 218.0 1.22 [0.27] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586722842 BCK103830048 Gilead USD USD 58.0 58.0 0.38 [0.11] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723212 BCK103830102 Salesforce USD USD 194.0 194.0 2.03 [0.17] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723154 BCK103830092 Wells Fargo & Co. USD USD 31.0 31.0 1.63 [0.41] 3.0 1:1 1 3,000,000 New York Stock
Exchange
CH0586723162 BCK103830094 Wells Fargo & Co. USD USD 30.0 30.0 2.45 [0.42] 3.0 1:1 1 3,000,000 New York Stock
ISIN Security Code Underlying Under-lying Currency Strike Currency / Currency of the Knock Out Barrier
Initial Strike Initial Knock Out
Barrier Issue Price (inthe Redemp-tion Currency) // [Entry Cost] Initial Financing Spread (in %)
Multi-plier MinimumExercise Size
Issue Size
(up to) Relevant Exchange
CH0586723170 BCK103830096 Wells Fargo & Co. USD USD 29.0 29.0 3.26 [0.42] 3.0 1:1 1 3,000,000 New York Stock
Exchange CH0586723188 BCK103830098 Teva Pharmaceutical
(ADR)
USD USD 10.5 10.5 0.97 [0.32] 3.0 1:1 1 3,000,000 New York Stock
Exchange CH0586723196 BCK103830100 Teva Pharmaceutical
(ADR)
USD USD 10.0 10.0 1.37 [0.31] 3.0 1:1 1 3,000,000 New York Stock
Exchange
CH0586723303 BCK103830110 Medtronic USD USD 112.0 112.0 0.62 [0.09] 3.0 10:1 1 3,000,000 NEW YORK STOCK
EXCHANGE, INC.
CH0586723626 BCK103830134 Tesla Inc USD USD 666.0 666.0 0.88 [0.13] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723618 BCK103830132 Tesla Inc USD USD 668.0 668.0 0.87 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723600 BCK103830130 Tesla Inc USD USD 670.0 670.0 0.85 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723592 BCK103830128 Tesla Inc USD USD 672.0 672.0 0.83 [0.13] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723584 BCK103830126 Tesla Inc USD USD 674.0 674.0 0.82 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723576 BCK103830124 Tesla Inc USD USD 676.0 676.0 0.8 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723568 BCK103830122 Tesla Inc USD USD 678.0 678.0 0.79 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723550 BCK103830120 Tesla Inc USD USD 680.0 680.0 0.77 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723543 BCK103830118 Tesla Inc USD USD 682.0 682.0 0.75 [0.13] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723675 BCK103830144 Tesla Inc USD USD 656.0 656.0 0.96 [0.13] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723634 BCK103830136 Tesla Inc USD USD 664.0 664.0 0.9 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723667 BCK103830142 Tesla Inc USD USD 658.0 658.0 0.95 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
CH0586723659 BCK103830140 Tesla Inc USD USD 660.0 660.0 0.93 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets, Inc.
CH0586723642 BCK103830138 Tesla Inc USD USD 662.0 662.0 0.92 [0.14] 3.0 100:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586722768 BCK103830040 Twitter USD USD 47.5 47.5 5.06 [0.51] 3.0 1:1 1 3,000,000 New York Stock
Exchange
CH0586723279 BCK103830106 NXPI Semiconductors USD USD 160.0 160.0 0.96 [0.26] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723287 BCK103830108 NXPI Semiconductors USD USD 158.0 158.0 1.13 [0.27] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723311 BCK103830112 Uber Technologies USD USD 50.0 50.0 0.34 [0.10] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723709 BCK103830148 NIO Inc. USD USD 50.0 50.0 0.371 [0.011] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723691 BCK103830146 NIO Inc. USD USD 51.0 51.0 0.291 [0.011] 3.0 10:1 1 3,000,000 New York Stock
Exchange
CH0586723717 BCK103830150 Airbnb USD USD 137.0 137.0 0.731 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723949 BCK103830196 Airbnb USD USD 112.0 112.0 2.761 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723931 BCK103830194 Airbnb USD USD 114.0 114.0 2.601 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723923 BCK103830192 Airbnb USD USD 116.0 116.0 2.441 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723915 BCK103830190 Airbnb USD USD 117.0 117.0 2.351 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723907 BCK103830188 Airbnb USD USD 118.0 118.0 2.271 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723899 BCK103830186 Airbnb USD USD 119.0 119.0 2.191 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723881 BCK103830184 Airbnb USD USD 120.0 120.0 2.111 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
ISIN Security Code Underlying Under-lying Currency Strike Currency / Currency of the Knock Out Barrier
Initial Strike Initial Knock Out
Barrier Issue Price (inthe Redemp-tion Currency) // [Entry Cost] Initial Financing Spread (in %)
Multi-plier MinimumExercise Size
Issue Size
(up to) Relevant Exchange
CH0586723873 BCK103830182 Airbnb USD USD 121.0 121.0 2.031 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723865 BCK103830180 Airbnb USD USD 122.0 122.0 1.951 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723857 BCK103830178 Airbnb USD USD 123.0 123.0 1.871 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723840 BCK103830176 Airbnb USD USD 124.0 124.0 1.791 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723832 BCK103830174 Airbnb USD USD 125.0 125.0 1.711 [0.031] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723824 BCK103830172 Airbnb USD USD 126.0 126.0 1.621 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723816 BCK103830170 Airbnb USD USD 127.0 127.0 1.541 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723808 BCK103830168 Airbnb USD USD 128.0 128.0 1.461 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723790 BCK103830166 Airbnb USD USD 129.0 129.0 1.381 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723782 BCK103830164 Airbnb USD USD 130.0 130.0 1.301 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723774 BCK103830162 Airbnb USD USD 131.0 131.0 1.221 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723766 BCK103830160 Airbnb USD USD 132.0 132.0 1.141 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723758 BCK103830158 Airbnb USD USD 133.0 133.0 1.061 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723725 BCK103830152 Airbnb USD USD 136.0 136.0 0.811 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723733 BCK103830154 Airbnb USD USD 135.0 135.0 0.891 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
Inc.
CH0586723741 BCK103830156 Airbnb USD USD 134.0 134.0 0.971 [0.021] 3.0 10:1 1 3,000,000 Nasdaq Stock Markets,
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 7 January 2021.
“
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
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 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 11 January 2021.
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:
7 January 2021: The Netherlands and Belgium.
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
to ascertain from information published by that third party, no facts have been omitted which would render the
reproduced information inaccurate or misleading.
eBay Inc. (ISIN US2786421030)
eBay Inc. operates an online trading community. The service of the company is used by buyers and sellers for the
exchange of products and services such as coins, collectibles, computers, memorabilia, stamps and toys, as well as
concert and sporting tickets. eBay Inc. also offers, through a subsidiary, secure online payment services.
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.ebay.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.
Goldman Sachs Group, Inc. (ISIN US38141G1040)
The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm
specializing in investment banking, trading and principal investments, asset management and securities services.
The company provides services to corporations, financial institutions, governments, and high-net worth individuals.
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.goldmansachs.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.
Citigroup Inc. (ISIN US1729674242)
Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to
consumer and corporate customers around the world. The services of the company include investment banking,
retail brokerage, corporate banking, and cash management products and services.
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.citigroup.com.
JPMorgan Chase & Co. (ISIN US46625H1005)
JPMorgan Chase & Co. provides global financial services and retail banking. The company provides services such as
investment banking, treasury and securities services, asset management, private banking, card member services,
commercial banking, and home finance. JPMorgan Chase & Co. serves business enterprises, institutions, and
individuals.
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.jpmorgan.com.
Bank of America Corporation (ISIN US0605051046)
Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other
financial and risk-management products and services. The company has a mortgage lending subsidiary, and an
investment banking and securities brokerage subsidiary.
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.bankofamerica.com.
General Electric Company (ISIN US3696041033)
General Electric Company is a globally diversified technology and financial services company. The products and
services of the company include aircraft engines, power generation, water processing, and household appliances
to medical imaging, business and consumer financing and industrial products.
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.ge.com.
Johnson & Johnson (ISIN US4781601046)
Johnson & Johnson manufactures health care products and provides related services for the consumer,
pharmaceutical, and medical devices and diagnostics markets. The company sells products such as skin and hair care
products, acetaminophen products, pharmaceuticals, diagnostic equipment, and surgical equipment 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.jnj.com.
International Business Machines Corporation (ISIN US4592001014)
International Business Machines Corporation (IBM) provides computer solutions through the use of advanced
information technology. Its solutions include technologies, systems, products, services, software, and financing.
IBM offers its products through its global sales and distribution organization, as well as through a variety of third
party distributors 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.ibm.com.
Caterpillar Inc. (ISIN US1491231015)
Caterpillar Inc. designs, manufactures, and markets construction, mining, agricultural, and forestry machinery. The
company also manufactures engines and other related parts for its equipment, and offers financing and insurance.
Caterpillar Inc. distributes its products through a worldwide organisation of dealers.
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.caterpillar.com.
Applied Materials Inc. (ISIN US0382221051)
Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment
and related spare parts for the worldwide semiconductor industry. The company's customers include semiconductor
wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules
and other electronic devices 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.appliedmaterials.com.
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.danaher.com.
GILEAD SCIENCES, INC. (ISIN US3755581036)
GILEAD SCIENCES, INC. is a research-based biopharmaceutical company that discovers, develops, and
commercializes therapeutics to advance the care of patients suffering from life-threatening diseases. The primary
areas of focus include HIV/AIDS, liver disease and serious cardiovascular and respiratory conditions.
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.gilead.com.
Salesforce.com, Inc. (ISIN US79466L3024)
Salesforce.com, Inc. provides software on demand. The company supplies a customer relationship management
service to businesses worldwide providing a technology platform for customers and developers to build and run
business applications. Clients use Salesforce.com, Inc. to manage their customer, sales and operational data.
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.salesforce.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.
Teva Pharmaceutical Industries Limited (ADR) (ISIN US8816242098)
Teva Pharmaceutical Industries Limited is a global pharmaceutical company. The company develops, manufactures,
and markets generic and branded human pharmaceuticals as well as active pharmaceutical ingredients.
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.tevapharm.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.
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.
Airbnb, Inc. (ISIN US0090661010)
Airbnb, Inc. operates an online marketplace for travel information and booking services. The company offers
lodging, home-stay, and tourism services via websites and mobile applications. Airbnb serves clients 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.airbnb.co.in.
(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.
BinckBank derived the following selected consolidated financial data from its annual report 2019 containing the audited consolidated financial statements for the financial year ended 31 December 2019 and the audited comparative figures for the financial year ended 31 December 2018.
BinckBank’s audited consolidated financial statements were prepared in accordance with International Financial Reporting Standards adopted by the European Union (IFRS) and comply with Title 9 of Book 2 Dutch Civil Code. The data is stated in Euro (EUR).
Emphasis of impact of the COVID-19 virus
The Corona virus also impacts BinckBank N.V. Management disclosed the current impact and her plans to deal with these circumstances on page 69 of the Annual Report 2019. Management also indicates that it is currently not possible for them to properly estimate the impact of the Corona virus on the financial performance and health of Binckbank N.V. The opinion of the independent auditor Deloitte is not modified in respect of this matter.
Income Statement X EUR 1,000
Audited, except where indicated FY 2019 FY 2018
Net interest income 28,045 32,070
Net fee and commission income 100,974 102,975
Other income 1,014 943
Result from financial instruments 9,335 7,013
Impairment of financial assets (57) (207)
Total income from operating activities 139,311 142,794
Employee expenses 58,605 48,905
Depreciation and amortisation 6,715 5,118
Other operating expenses 50,020 61,345
Total operating expenses 115,343 115,368
Result from operating activities 23,968 27,426
Tax (7,820) (400)
Share in profit / (loss) of associates and joint ventures - 8,436
Net result 16,148 35,462
Result attributable to non-controlling interests - 282
Net result attributable to shareholders BinckBank 16,148 35,180
Balance sheet & capital adequacy X EUR 1,000
Audited, except where indicated FY 2019 FY 2018
Total assets 5,068,282 4,071,117
Senior debt 0 0
Subordinated debt 0 0
Loans and receivables 1,313,929 1,409,649
Deposits from customers 4,435,793 3,562,200
Total Equity 419,532 403,384
Total available capital (Tier 1) ** 280,321 248,998
Capital ratio** 46.4% 31.8%
** based on Basel III
Cost/income ratio
Unaudited FY 2019 FY 2018
Cost/income ratio excluding IFRS amortisation 83% 81%
