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ZKB Callable Barrier Reverse Convertible on worst of
NextEra Energy Inc/Vistra Corp/Constellation Energy Corp

ISIN: CH1446524618 Security: 144652461 Symbol: n.a. Life cycle
gray-market

Bid Price 100.35%

Ask Price 0.00%

Currency USD

Exchange ZKB

Volume 200'000.00

Volume n.a.

Date/time (realtime) 11.07.2025 05:45:49

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
NextEra Energy A74.472.7275USD72.73
(100.00%)
1.31%36.364
(50.00%)
50.65%13.7500
VISTRA196.58195.6559USD195.66
(100.00%)
0.30%97.828
(50.00%)
50.15%5.1110
Const Enrg N321.54321.0411USD321.04
(100.00%)
-0.49%160.521
(50.00%)
49.75%3.1149

Reference data

ISIN CH1446524618
Security 144652461
Symbol n.a.
Currency USD
Currency hedging No
Nominal amount 1'000.00
Barrier level observation continuous
Maximum repayment 1'090.16

Coupon

Coupon (Coupon p.a.)9.02% (18.03% )
Coupon paymentguaranteed
Interest portion p.a.4.31%
Premium portion p.a.13.72%
Coupon date15.10.2025
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date08.07.2025
Payment day15.07.2025
First trading day15.07.2025
Last trading day08.01.2026
Final fixing day08.01.2026
Redemption date15.01.2026
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term180
Issue amount200'000.00

Price data

Price status flat Marchzins
Exchange ZKB
Trade time 09:15 - 17:15 (CET)
Round lot USD 1'000.00
Performance of underlying since issue -0.49%

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 date15.01.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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