PRESS RELEASE | FITCH UPGRADES LEONTEQ TO “BBB”

Zurich, 24 October 2023 | Ad hoc announcement pursuant to Art. 53 LR

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

The rating agency Fitch Ratings Ltd. has upgraded the long-term issuer default rating (IDR) to “BBB” from “BBB-” for Leonteq AG, Leonteq Securities AG and Leonteq Securities AG (Guernsey Branch) with a stable outlook.

According to Fitch, the upgrade of the long-term IDRs assigned to Leonteq reflects the material progress made to grow the franchise and diversify the business by increasing the number of issuance partners as well as increasing Leonteq’s own issuances. It also reflects progress made on new business initiatives which include plans to reduce the level of market risk adopted by Leonteq through its balance sheet-light business activities.

Leonteq’s IDR further reflects its increasingly diversified franchise which includes a well-established and scalable structured-product issuance platform. This is weighed against inherent market risk, both direct and indirect, as lower appetite for structured products in unfavourable market conditions can give rise to earnings volatility. Fitch views risk management, capitalization, and liquidity 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, Middle East and Asia. Leonteq AG 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.