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ZKB Barrier Reverse Convertible on worst of
Bayer AG/Merck KGaA/Sanofi SA

ISIN: CH1446507829 Security: 144650782 Symbol: n.a. Life cycle
Secondary market

Bid Price 101.97%

Ask Price 0.00%

Currency EUR

Exchange ZKB

Volume 15'000.00

Volume n.a.

Date/time (realtime) 23.07.2025 04:31:10

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
Bayer N28.3824.09EUR24.09
(100.00%)
14.95%14.454
(60.00%)
48.97%41.511
Merck A110.95125.19EUR125.19
(100.00%)
-12.53%75.114
(60.00%)
32.48%7.9879
Sanofi A84.7489.57EUR89.57
(100.00%)
-5.82%53.742
(60.00%)
36.51%11.1645

Reference data

ISIN CH1446507829
Security 144650782
Symbol n.a.
Currency EUR
Currency hedging No
Nominal amount 1'000.00
Barrier level observation continuous
Maximum repayment 1'068.72

Coupon

Coupon (Coupon p.a.)6.87% (13.63% )
Coupon paymentguaranteed
Interest portion p.a.1.94%
Premium portion p.a.11.70%
Coupon date21.08.2025
Day count conventionAct/365 (Englisch), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date14.05.2025
Payment day21.05.2025
First trading day21.05.2025
Last trading day14.11.2025
Final fixing day14.11.2025
Redemption date21.11.2025
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term113
Issue amount15'000.00

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 -11.14%

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 marketNo
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 date21.11.2025
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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