PRESS RELEASE | FITCH AFFIRMS LEONTEQ’S “BBB” RATING WITH STABLE OUTLOOK

Zurich, 14 October 2024

Leonteq AG (SIX: LEON) announced today that Fitch affirmed Leonteq’s investment grade rating at “BBB” with a stable outlook.

The rating agency Fitch Ratings Ltd. has affirmed the long-term issuer default ratings (IDRs) of “BBB” for Leonteq AG, Leonteq Securities AG and Leonteq Securities AG (Guernsey Branch) with a stable outlook.

According to Fitch, the affirmation of the long-term IDR assigned to Leonteq reflects its good franchise in its core Swiss home market with significant capitalisation and sound liquidity management.

Fitch highlights Leonteq’s well-established and scalable platform and structured product capabilities, as well as a number of recent initiatives that are aimed at growing and diversifying the current franchise. Further, Fitch comments that Leonteq’s market risk management is sophisticated and significant liquidity buffers are maintained.

Leonteq’s IDR also reflects the inherent exposure of the business model to market uncertainty and volatility both in terms of direct market risk as well as overall appetite for structured products, which can result in significant fluctuations to operating revenues and profitability. Fitch views Leonteq’s capitalisation as adequate.

This press release provides excerpts from the published Fitch rating action commentary. The full commentary can be accessed here: www.fitchratings.com

CONTACT
Media Relations 
+41 58 800 1844
media@leonteq.com

Investor Relations 
+41 58 800 1855
investorrelations@leonteq.com

LEONTEQ
Leonteq is a Swiss fintech company with a leading marketplace for structured investment solutions. Based on proprietary modern technology, the company offers derivative investment products and services and predominantly covers the capital protection, yield enhancement and participation product classes. Leonteq acts as both a direct issuer of its own products and as a partner to other financial institutions. Leonteq further enables life insurance companies and banks to produce capital-efficient, unit-linked pension products with guarantees. The company has offices and subsidiaries in 13 countries across Europe, the Middle East and Asia. Leonteq Securities AG is the main operating subsidiary of Leonteq AG. The company is a securities firm regulated by the Swiss Financial Market Authority FINMA, has a BBB credit rating by Fitch Ratings and is a member of the Swiss Structured Product Association. Leonteq AG was assigned with an AA ESG rating by MSCI and is listed on the SIX Swiss Exchange (SIX: LEON). www.leonteq.com

Disclaimer
This press release issued by Leonteq AG (the “Company”) serves for information purposes only and does not constitute research. This press release and all materials, documents and information used therein or distributed in the context of this press release do not constitute or form part of and should not be construed as, an offer (public or private) to sell or a solicitation of offers (public or private) to purchase or subscribe for shares or other securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction, and may not be used for such purposes. Copies of this press release may not be made available (directly or indirectly) to any person in relation to whom the making available of the press release is restricted or prohibited by law or sent to countries, or distributed in or from countries, to, in or from which this is restricted or prohibited by law.

This press release may contain specific forward-looking statements, e.g. statements including terms like “believe“, “assume“, “expect“, "target" “forecast“, “project“, “may“, “could“, “might“, “will“ or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the Company or any of its affiliates or subsidiaries and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (1) general market, macroeconomic, governmental and regulatory trends, (2) movements in securities markets, exchange rates and interest rates and (3) other risks and uncertainties inherent in our business. Against the background of these uncertainties, you should not rely on forward-looking statements. Neither the Company nor any of its affiliates or subsidiaries or their respective bodies, executives, employees and advisers assume any responsibility to prepare or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this press release or to adapt them to any change in events, conditions or circumstances, except as required by applicable law or regulation.