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

ISIN: CH1446508728 Security: 144650872 Symbol: n.a. Life cycle
Secondary market

Bid Price 81.13%

Ask Price 0.00%

Currency EUR

Exchange ZKB

Volume 25'000.00

Volume n.a.

Date/time (realtime) 30.01.2026 05:21:18

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
SAP A170.56266.075EUR266.08
(100.00%)
-55.35%159.645
(60.00%)
6.79%3.7583
Siemens N256.3219.65EUR219.65
(100.00%)
14.00%131.790
(60.00%)
48.40%4.5527
Allianz N371.8351.30EUR351.30
(100.00%)
5.26%210.780
(60.00%)
43.16%2.8466
Deutsche Telekom N28.1732.805EUR32.81
(100.00%)
-16.62%19.683
(60.00%)
30.03%30.4832

Reference data

ISIN CH1446508728
Security 144650872
Symbol n.a.
Currency EUR
Currency hedging No
Nominal amount 1'000.00
Barrier level observation continuous
Maximum repayment 1'102.00

Coupon

Coupon (Coupon p.a.)10.20% (10.20% )
Coupon paymentguaranteed
Interest portion p.a.1.80%
Premium portion p.a.8.40%
Coupon date22.05.2026
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date16.05.2025
Payment day22.05.2025
First trading day22.05.2025
Last trading day18.05.2026
Final fixing day18.05.2026
Redemption date22.05.2026
Redemption typeCash Settlement
Early redemptionNo
Residual term107
Issue amount25'000.00

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 -35.63%

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 securitiesNo
SIX Telekurs EU tax classification code (out of scope)
Internal Rate of Return1.80%
Cash value of fixed income investment upon issue98.24%
Cash value of fixed income investment upon redemption100.00%

Sales restrictions

USA, US persons, Guernsey, EEA, GB

Redemption

Redemption date22.05.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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