On Holding AG Depositary Receipt (ONON03)

Overview

On Holding AG Depositary Receipt is a financial instrument traded on the Stock Exchange of Thailand, aimed at providing investors with an opportunity to invest in On Holding AG, a prominent Swiss-based company recognized for its expertise in sportswear and equipment, especially in the field of innovative running shoes and athletic apparel. By utilizing this depositary receipt, investors in Thailand can benefit from ownership in On Holding AG without the necessity of direct transactions on the New York Stock Exchange.

This depositary receipt is issued by Pi Securities Public Company Limited and caters to the local market by allowing investments in Thai Baht (THB). It simplifies access through smaller minimum investment quantities and offers liquidity akin to local shares. Each ONON03 unit represents a fractional interest in On Holding AG’s common stock at a fixed exchange ratio, broadening participation in international equities. The introduction of ONON03 contributes to market diversity, reflecting the growing trend of cross-border financial instruments that aim to expand investor choices within Thailand’s capital market, while also enabling access to globally recognized brands known for high performance in sports.

Products and Services

• Depositary Receipts:

  The ONON03 depositary receipt is a financial product designed to represent shares of On Holding AG. It allows Thai investors to purchase and trade ownership stakes in a leading global sportswear brand conveniently and cost-effectively.

• Investment Opportunities in Local Currency:

  By trading in Thai Baht (THB), the depositary receipt provides a practical investment avenue for Thai investors who wish to invest in international equities without encountering currency exchange issues.

• Access to International Equity Markets:

  The ONON03 offers Thai investors an easy way to gain exposure to the performance-driven footwear and athletic apparel market. This helps them to diversify their portfolios by including shares of a prominent global player in the sports industry.

• Liquidity Similar to Local Shares:

  The depositary receipt shares liquidity features with local stocks, ensuring that investors can buy and sell their holdings with ease, enhancing market activity and investor confidence.

• Fractional Ownership:

  Each ONON03 unit corresponds to a fractional interest in On Holding AG's common stock, enabling a lower threshold for investment. This encourages broader participation and attracts a wider range of investors.