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ZKB Barrier Reverse Convertible on worst of
Beiersdorf AG/Henkel AG & Co. KGaA/Volkswagen AG

ISIN: CH1446517117 Security: 144651711 Symbol: n.a. Life cycle
Secondary market

Bid Price 96.51%

Ask Price 0.00%

Currency EUR

Exchange ZKB

Volume 60'000.00

Volume n.a.

Date/time (realtime) 23.07.2025 09:45:56

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
Beiersdorf A109.85115.80EUR115.80
(100.00%)
-6.53%63.690
(55.00%)
41.41%43.1779
Henkel VA69.467.56EUR67.56
(100.00%)
1.11%37.158
(55.00%)
45.61%74.0083
Volkswagen VA94.5488.58EUR88.58
(100.00%)
1.56%48.719
(55.00%)
45.86%56.4462

Reference data

ISIN CH1446517117
Security 144651711
Symbol n.a.
Currency EUR
Currency hedging No
Nominal amount 5'000.00
Barrier level observation at maturity
Maximum repayment 5'658.98

Coupon

Coupon (Coupon p.a.)13.18% (6.58% )
Coupon paymentguaranteed
Interest portion p.a.1.79%
Premium portion p.a.4.79%
Coupon date21.06.2027
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date13.06.2025
Payment day20.06.2025
First trading day20.06.2025
Last trading day14.06.2027
Final fixing day14.06.2027
Redemption date21.06.2027
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term690
Issue amount60'000.00

Price data

Price status flat Marchzins
Exchange ZKB
Trade time 09:15 - 17:15 (CET)
Round lot EUR 5'000.00
Performance of underlying since issue -6.13%

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 Return1.79%
Cash value of fixed income investment upon issue96.51%
Cash value of fixed income investment upon redemption100.00%

Sales restrictions

USA, US persons, Guernsey, EEA, GB

Redemption

Redemption date21.06.2027
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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