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 July 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 12 August 2016 (the "Maturity Date").
ISINNGM SymbolUnderlying
DE000VS0DCP0BULL SDRL X5 V25X Long Index linked to Seadrill Ltd.
DE000VS0B5P8BULL WTI X8 V8X Long Index linked to WTI Light Sweet Crude Oil Future
DE000VS0B5S2BEAR WTI X10 V10X Short Index linked to WTI Light Sweet Crude Oil Future
DE000VS0DB72BULL WTI X10 V410X Long Index linked to WTI Light Sweet Crude Oil Future
DE000VS0DB80BULL WTI X10 V510X Long Index linked to WTI Light Sweet Crude Oil Future
DE000VS0CYZ5BULL OLJY X8 V28X Long Index linked to Brent Crude Oil Future
DE000VS0DB98BULL OLJY X10 V410X Long Index linked to Brent Crude Oil Future
DE000VS0E2Z1BEAR OLJY X8 V8X Short Index linked to Brent Crude Oil Future
DE000VS0EEU4BEAR OLJY X10 V210X Short Index linked to Brent Crude Oil Future
DE000VS0GSU9BEAR OLJY X12 V212X Short Index linked to Brent Crude Oil Future
DE000VS0CYR2BULL DAX X15 V315X Long Index linked to DAX®
DE000VS0E3G9BULL HOPE X10 V10X Long Index linked to Silver (Troy Ounce)
DE000VS0E3H7BEAR HOPE X10 V10X Short Index linked to Silver (Troy Ounce)
Frankfurt am Main, 14.07.2016Vontobel Financial Products GmbH