wikifolio certificates are exchange-traded financial products

wikifolio certificates are offered for trading on the Stuttgart Stock Exchange (EUWAX) and off-exchange via Lang & Schwarz. and the trader receive no money of investors.

What exactly is a wikifolio certificate?

Lang & Schwarz seeks a complete hedging of the positions of the wikifolio certificates

When investors purchase a wikifolio certificate, they buy a product of the Lang & Schwarz Aktiengesellschaft, which accepts a risk position through this sale. According to the requirements of its own Lang & Schwarz Aktiengesellschaft risk management, this risk position is to be hedged within the prescribed limitation. In general, the risk nevertheless remains that the Lang & Schwarz Aktiengesellschaft may not or not fully be able to meet its obligations for repayment. 

Losses cannot be excluded

Since a wikifolio is composed of notional securities and/or of notional cash assets, the entire investment in the corresponding wikifolio certificate could be lost, e.g., as a result of the issuer’s insolvency. We refer in this context to the prospectus law documents of the Lang & Schwarz Aktiengesellschaft (Final Terms, Base Prospectus including any supplements thereto, as well as the simplified prospectuses).

No additional funding obligation

Investments made as part of wikifolio certificates are not subject to additional funding obligations. The risk of loss is restricted to the capital invested into the wikifolio certificate as well as the corresponding fees for the acquisition of the certificate.