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ZKB Barrier Reverse Convertible on worst of
SAP SE/Mercedes-Benz Group AG/AXA SA/Merck KGaA/Beiersdorf AG

ISIN: CH1446519840 Security: 144651984 Symbol: n.a. Life cycle
Secondary market

Bid Price 98.21%

Ask Price 0.00%

Currency EUR

Exchange ZKB

Volume 75'000.00

Volume n.a.

Date/time (realtime) 22.07.2025 01:02:58

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
SAP A260.5257.25EUR257.25
(100.00%)
1.29%141.488
(55.00%)
45.71%3.8873
Daimler N50.9649.4725EUR49.47
(100.00%)
2.96%27.210
(55.00%)
46.63%20.2133
AXA A41.8342.555EUR42.56
(100.00%)
-1.71%23.405
(55.00%)
44.06%23.4990
Merck A104.3111.80EUR111.80
(100.00%)
-6.63%61.490
(55.00%)
41.35%8.9445
Beiersdorf A107.6108.725EUR108.73
(100.00%)
-1.00%59.799
(55.00%)
44.45%9.1975

Reference data

ISIN CH1446519840
Security 144651984
Symbol n.a.
Currency EUR
Currency hedging No
Nominal amount 1'000.00
Barrier level observation continuous
Maximum repayment 1'127.30

Coupon

Coupon (Coupon p.a.)12.73% (12.73% )
Coupon paymentguaranteed
Interest portion p.a.1.78%
Premium portion p.a.10.95%
Coupon date02.01.2026
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date24.06.2025
Payment day01.07.2025
First trading day01.07.2025
Last trading day24.06.2026
Final fixing day24.06.2026
Redemption date01.07.2026
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term336
Issue amount75'000.00

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 -6.22%

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 date01.07.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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