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ZKB Barrier Reverse Convertible on worst of
Heineken NV/Pernod Ricard SA

ISIN: CH1446527090 Security: 144652709 Symbol: n.a. Life cycle
Secondary market

Bid Price 97.70%

Ask Price 0.00%

Currency EUR

Exchange ZKB

Volume 150'000.00

Volume n.a.

Date/time (realtime) 12.09.2025 05:45:12

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
Heineken A6675.70EUR75.70
(100.00%)
-14.70%52.990
(70.00%)
19.71%132.1004
Pernod-Ricard A90.4292.81EUR92.81
(100.00%)
-2.64%64.967
(70.00%)
28.15%107.7470

Reference data

ISIN CH1446527090
Security 144652709
Symbol n.a.
Currency EUR
Currency hedging No
Nominal amount 10'000.00
Barrier level observation continuous
Maximum repayment 10'554.84

Coupon

Coupon (Coupon p.a.)5.55% (10.97% )
Coupon paymentguaranteed
Interest portion p.a.1.86%
Premium portion p.a.9.11%
Coupon date23.01.2026
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date14.07.2025
Payment day21.07.2025
First trading day21.07.2025
Last trading day16.01.2026
Final fixing day16.01.2026
Redemption date23.01.2026
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term124
Issue amount150'000.00

Price data

Price status flat Marchzins
Exchange ZKB
Trade time 09:15 - 17:15 (CET)
Round lot EUR 10'000.00
Performance of underlying since issue -12.81%

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 Return1.86%
Cash value of fixed income investment upon issue99.07%
Cash value of fixed income investment upon redemption100.00%

Sales restrictions

USA, US persons, Guernsey, EEA, GB

Redemption

Redemption date23.01.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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