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3.13% (2.50% p.a.) ZKB Barrier Reverse Convertible Last Look on worst of mit Partizipation
BASF N/Linde N/EMS-CHEM HLDG N/Siegfried Holding N/SIKA N

ISIN: CH1446507472 Security: 144650747 Symbol: Z25ATZ Life cycle
Secondary market

Bid Price 96.09%

Ask Price 96.69%

Currency qUSD

Exchange SIX Structured Products

Volume 250'000.00

Volume 250'000.00

Date/time (delayed) 02.06.2025 05:15:00

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
BASF N42.0745.1898EUR45.19
(100.00%)
-7.01%40.671
(90.00%)
3.69%n.a.
Linde N464.57453.7095USD453.71
(100.00%)
2.40%408.339
(90.00%)
12.16%n.a.
EMS-CHEM HLDG N616.5610.1848CHF610.18
(100.00%)
1.18%549.166
(90.00%)
11.07%n.a.
Siegfried Holding N95.395.5446CHF95.54
(100.00%)
0.06%85.990
(90.00%)
10.05%n.a.
Sika N216.6217.05CHF217.05
(100.00%)
0.16%195.345
(90.00%)
10.14%n.a.

Reference data

ISIN CH1446507472
Security 144650747
Symbol Z25ATZ
Currency qUSD
Currency hedging Yes
Nominal amount 1'000.00
Barrier level observation at maturity
Maximum repayment n.a.

Coupon

Coupon (Coupon p.a.)BAS + 2.50%
Coupon paymentguaranteed
Interest portion p.a.BAS
Premium portion p.a.2.500%
Coupon date20.05.2026
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date13.05.2025
Payment day20.05.2025
First trading day20.05.2025
Last trading day13.08.2026
Final fixing day13.08.2026
Redemption date20.08.2026
Redemption typeCash Settlement
Early redemptionNo
Residual term435
Issue amount5'000'000.00

Price data

Price status flat Marchzins
Exchange SIX Structured Products
Trade time 09:15 - 17:15 (CET)
Round lot USD 1'000.00
Performance of underlying since issue -6.55%

Product type

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

Legal parties

Issuer Zürcher 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 securitiesNo
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, EEA, Guernsey, GB

Redemption

Redemption date20.08.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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