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ZKB Barrier Reverse Convertible on worst of
Nike Inc/ON Holding AG/Under Armour Inc

ISIN: CH1446526357 Security: 144652635 Symbol: Z0BCTZ Life cycle
Secondary market

Bid Price 88.69%

Ask Price 89.44%

Currency USD

Exchange SIX Structured Products

Volume 250'000.00

Volume 250'000.00

Date/time (delayed) 18.08.2025 09:27:13

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
Nike A -B-76.9774.02USD74.02
(100.00%)
3.83%36.270
(49.00%)
52.88%13.5099
On Holding N45.3453.21USD53.21
(100.00%)
-17.36%26.073
(49.00%)
42.49%18.7935
Under Armour A -A-5.176.98USD6.98
(100.00%)
-35.01%3.420
(49.00%)
33.85%143.2665

Reference data

ISIN CH1446526357
Security 144652635
Symbol Z0BCTZ
Currency USD
Currency hedging No
Nominal amount 1'000.00
Barrier level observation continuous
Maximum repayment 1'137.50

Coupon

Coupon (Coupon p.a.)13.75% (13.75% )
Coupon paymentguaranteed
Interest portion p.a.4.02%
Premium portion p.a.9.73%
Coupon date28.01.2026
Day count convention30/360 (German), modified following
Accrued coupon0.88%

Life cycle

Issue price100.00%
Initial fixing date21.07.2025
Payment day28.07.2025
First trading day28.07.2025
Last trading day21.07.2026
Final fixing day21.07.2026
Redemption date28.07.2026
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term336
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 -25.93%

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 date28.07.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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