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 11 August 2016 (the "Maturity Date").
ISINNGM SymbolUnderlying
DE000VS0DWQ6BEAR OLJA X10 VON210X Short Index linked to Brent Crude Oil Future
DE000VS0EXM1BEAR WTI X10 VON10X Short Index linked to Light Sweet Crude Oil (WTI) Future
DE000VS0CHB1BULL OLJA X10 VON210X Long Index linked to Brent Crude Oil Future
DE000VS0EYJ5BULL OLJA X8 V28X Long Index linked to Brent Crude Oil Future
DE000VS0AAL9BULL DAX X15 VON15X Long Index linked to DAX®
DE000VS0A0W6BULL OMX X12 VON312X Long Index linked to OMX Stockholm 30 Index
DE000VS0AAY2BULL OMX X15 VON15X Long Index linked to OMX Stockholm 30 Index
DE000VS0AAZ9BEAR OMX X15 VON15X Short Index linked to OMX Stockholm 30 Index
DE000VS0ACU6BULL SILVER X10 VON10X Long Index linked to Silver (Troy Ounce)
Frankfurt am Main, 14.07.2016Vontobel Financial Products GmbH