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ZKB Callable Barrier Reverse Convertible on worst of
SAP SE/Siemens AG/Deutsche Telekom AG/Deutsche Post AG

ISIN: CH1402518711 Security: 140251871 Symbol: Z0AQ3Z Life cycle
Secondary market

Bid Price 74.40%

Ask Price 75.30%

Currency EUR

Exchange ZKB

Volume 250'000.00

Volume 250'000.00

Date/time (realtime) 23.03.2026 04:04:40

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
SAP A155.26279.15EUR279.15
(100.00%)
-75.33%139.575
(50.00%)
12.34%3.5823
Siemens N213.6212.05EUR212.05
(100.00%)
2.67%106.025
(50.00%)
51.33%4.7159
Deutsche Telekom N32.0734.12EUR34.12
(100.00%)
-2.74%17.060
(50.00%)
48.63%29.3083
Deutsche Post N44.8635.40EUR35.40
(100.00%)
21.75%17.700
(50.00%)
60.87%28.2486

Reference data

ISIN CH1402518711
Security 140251871
Symbol Z0AQ3Z
Currency EUR
Currency hedging No
Nominal amount 1'000.00
Barrier level observation continuous
Maximum repayment 1'131.25

Coupon

Coupon (Coupon p.a.)13.13% (8.75% )
Coupon paymentguaranteed
Interest portion p.a.2.08%
Premium portion p.a.6.67%
Coupon date19.05.2026
Day count convention30/360 (German), modified following
Accrued coupon0.88%

Life cycle

Issue price100.00%
Initial fixing date12.02.2025
Payment day19.02.2025
First trading day19.02.2025
Last trading day12.08.2026
Final fixing day12.08.2026
Redemption date19.08.2026
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term141
Issue amount5'000'000.00

Price data

Price status flat Marchzins
Exchange ZKB
Trade time 09:15 - 17:15 (CET)
Round lot EUR 1'000.00
Performance of underlying since issue -42.96%

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 date19.08.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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