Ordinary Termination of Constant Leverage Certificates

Vontobel Financial Products GmbH hereby gives notice to the Security Holders of the Securities designated below that it will terminate the Securities in accordance with Section 5 of the Terms and Conditions with effect as of 29 April 2016 (the "Ordinary Termination Date").
The Ordinary Termination Amount payable will be determined on the Ordinary Termination Date and paid to the Security Holders by 13 May 2016 (the "Maturity Date").
ISINNGM SymbolUnderlying
DE000VS0B5R4BULL WTI X10 V10X Long Index linked to WTI Light Sweet Crude Oil Future
DE000VS0B3K4BULL OLJY X10 V210X Long Index linked to Brent Crude Oil Future
DE000VS0B3N8BEAR SDRL X5 V5X Short Index linked to Seadrill Ltd.
DE000VS0E2Y4BULL OLJY X8 V8X Long Index linked to Brent Crude Oil Future
DE000VS30BG5BEAR OUT X5 V5X Short Index linked to Outokumpu OYJ
DE000VS0CYX0BULL WTI X10 V310X Long Index linked to WTI Light Sweet Crude Oil Future
DE000VS0CYY8BULL OLJY X10 V310X Long Index linked to Brent Crude Oil Future
Frankfurt am Main, 12.04.2016Vontobel Financial Products GmbH