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 30 December 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 16 January 2017 (the "Maturity Date").
ISINNGM SymbolUnderlying
DE000VS0B614BEAR NG1 X8 V8X Short Index linked to Natural Gas (Henry Hub) Future
DE000VS0HQM8BEAR WTI X12 V312X Short Index linked to WTI Light Sweet Crude Oil Future
DE000VS0HBP3BEAR WTI X10 V310X Short Index linked to WTI Light Sweet Crude Oil Future V2
DE000VS0B5Q6BEAR WTI X8 V8X Short Index linked to Light Sweet Crude Oil (WTI) Future
DE000VS0GQH0BEAR SDRL X3 V23X Short Index linked to Seadrill Ltd. V3
DE000VS0EZR5BEAR SX5E X15 V15X Short Index linked to EURO STOXX 50® Index V3
DE000VS0GQD9BEAR OLJY X10 V410X Short Index linked to Brent Crude Oil Future V2
DE000VS0HBM0BEAR OLJY X12 V312X Short Index linked to Brent Crude Oil Future
DE000VS0GQU3BEAR WTI X12 V212X Short Index linked to WTI Light Sweet Crude Oil Future
DE000VS0HCG0BEAR SDRL X5 V35X Short Index linked to Seadrill Ltd. V3
Frankfurt am Main, 14.12.2016Vontobel Financial Products GmbH