Adjustment of Securities linked to UniCredit SpA

The company UniCredit SpA has announced a rights issue whereby shareholders are entitled to purchase 13 new shares for every 5 shares held, at a subscription price of EUR 8.09 per new share. As a consequence, we have adjusted the securities linked to UniCredit SpA with effect from 06/02/2017 (effective date) according to the terms and conditions of the security.

Deatils with respect to the adjustments of a particular Security are accessible on the product detail site of the Security (please use the product search on the home site to access the product detail site) under the rider <Product history>.

Frankfurt am Main, 06.02.2017Vontobel Financial Products GmbH