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ZKB Callable Barrier Reverse Convertible on worst of
VAT Group AG/Tecan Group AG/Stadler Rail AG/The Swatch Group AG

ISIN: CH1402506831 Security: 140250683 Symbol: Z0ALAZ Life cycle
Secondary market

Bid Price 88.89%

Ask Price 89.79%

Currency CHF

Exchange SIX Structured Products

Volume 150'000.00

Volume 150'000.00

Date/time (delayed) 12.05.2025 05:15:01

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
VAT Group N321.2325.60CHF325.60
(100.00%)
-1.94%179.080
(55.00%)
43.93%3.0713
TECAN GROUP N172.4230.80CHF230.80
(100.00%)
-33.56%126.940
(55.00%)
26.54%4.3328
Stadler Rail N22.0620.45CHF20.45
(100.00%)
7.47%11.248
(55.00%)
49.11%48.8998
The Swatch Grp A146.7166.55CHF166.55
(100.00%)
-13.45%91.603
(55.00%)
37.60%6.0042

Reference data

ISIN CH1402506831
Security 140250683
Symbol Z0ALAZ
Currency CHF
Currency hedging No
Nominal amount 1'000.00
Barrier level observation continuous
Maximum repayment 1'225.42

Coupon

Coupon (Coupon p.a.)22.54% (15.00% )
Coupon paymentguaranteed
Interest portion p.a.0.18%
Premium portion p.a.14.82%
Coupon date04.08.2025
Day count convention30/360 (German), modified following
Accrued coupon0.38%

Life cycle

Issue price100.00%
Initial fixing date27.01.2025
Payment day03.02.2025
First trading day03.02.2025
Last trading day27.07.2026
Final fixing day27.07.2026
Redemption date04.08.2026
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term440
Issue amount5'000'000.00

Price data

Price status flat Marchzins
Exchange SIX Structured Products
Trade time 09:15 - 17:15 (CET)
Round lot CHF 1'000.00
Performance of underlying since issue -25.13%

Product type

SSPA derivative category Yield enhancement
SSPA code Barrier reverse convertible (1230)

Legal parties

Issuer Zuercher Kantonalbank Finance (Guernsey) Ltd
Keep-Well Agreement with Zürcher Kantonalbank, Zürich
Issuer rating
Lead manager Zürcher Kantonalbank, Zürich
Payment, execution and calculation agent Zürcher Kantonalbank, Zürich

Tax aspects (Private investor tax domicile Switzerland)

Income taxYes
Withholding taxNo
Stamp duty payable in the secondary marketYes
Stamp duty payable upon delivery of the securitiesYes
SIX Telekurs EU tax classification code (out of scope)
Internal Rate of Returnn.a.
Cash value of fixed income investment upon issuen.a.
Cash value of fixed income investment upon redemptionn.a.

Sales restrictions

USA, US persons, Guernsey, EEA, GB

Redemption

Redemption date04.08.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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