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ZKB Barrier Reverse Convertible on worst of
Deutsche Boerse AG/Hannover Rueck SE/Assicurazioni Generali S.p.A./Banco Santander SA

ISIN: CH1510914521 Security: 151091452 Symbol: n.a. Life cycle
Secondary market

Bid Price 100.07%

Ask Price 0.00%

Currency EUR

Exchange ZKB

Volume 50'000.00

Volume n.a.

Date/time (realtime) 23.12.2025 05:20:21

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
Deutsche Börse N223.8214.75EUR214.75
(100.00%)
4.13%107.375
(50.00%)
52.06%232.8289
Hannover Ruck N266.8261.90EUR261.90
(100.00%)
1.98%130.950
(50.00%)
50.99%190.9126
Assicuraz.Gen.A35.9834.35EUR34.35
(100.00%)
4.81%17.175
(50.00%)
52.40%1'455.6041
Banco Santander N9.9899.81EUR9.81
(100.00%)
1.92%4.905
(50.00%)
50.96%5'096.8400

Reference data

ISIN CH1510914521
Security 151091452
Symbol n.a.
Currency EUR
Currency hedging No
Nominal amount 50'000.00
Barrier level observation continuous
Maximum repayment 54'500.00

Coupon

Coupon (Coupon p.a.)9.00% (9.00% )
Coupon paymentguaranteed
Interest portion p.a.1.98%
Premium portion p.a.7.02%
Coupon date23.03.2026
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date15.12.2025
Payment day22.12.2025
First trading day22.12.2025
Last trading day15.12.2026
Final fixing day15.12.2026
Redemption date22.12.2026
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term353
Issue amount50'000.00

Price data

Price status flat Marchzins
Exchange ZKB
Trade time 09:15 - 17:15 (CET)
Round lot EUR 50'000.00
Performance of underlying since issue 1.96%

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 date22.12.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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