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ZKB Barrier Reverse Convertible on worst of
Zurich Insurance Group AG/Cembra Money Bank AG/Schindler Holding AG/Geberit AG/Valiant Holding AG

ISIN: CH1510917268 Security: 151091726 Symbol: n.a. Life cycle
gray-market

Bid Price 98.67%

Ask Price 0.00%

Currency CHF

Exchange ZKB

Volume 30'000.00

Volume n.a.

Date/time (realtime) 23.12.2025 05:21:12

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
Zurich Insurance N601.2602.60CHF602.60
(100.00%)
-0.23%361.560
(60.00%)
39.86%49.7843
Cembra Money Bank N98.8599.05CHF99.05
(100.00%)
-0.20%59.430
(60.00%)
39.88%302.8773
Schindler Hldg PS298.2298.30CHF298.30
(100.00%)
-0.03%178.980
(60.00%)
39.98%100.5699
Geberit N616616.50CHF616.50
(100.00%)
-0.08%369.900
(60.00%)
39.95%48.6618
Valiant Holding N149.4149.40CHF149.40
(100.00%)
0.00%89.640
(60.00%)
40.00%200.8032

Reference data

ISIN CH1510917268
Security 151091726
Symbol n.a.
Currency CHF
Currency hedging No
Nominal amount 30'000.00
Barrier level observation continuous
Maximum repayment 31'188.96

Coupon

Coupon (Coupon p.a.)3.96% (3.91% )
Coupon paymentguaranteed
Interest portion p.a.0.00%
Premium portion p.a.3.91%
Coupon date05.01.2026
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date23.12.2025
Payment day31.12.2025
First trading day31.12.2025
Last trading day23.12.2026
Final fixing day23.12.2026
Redemption date05.01.2027
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term361
Issue amount30'000.00

Price data

Price status flat Marchzins
Exchange ZKB
Trade time 09:15 - 17:15 (CET)
Round lot CHF 30'000.00
Performance of underlying since issue -0.23%

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 taxNo
Withholding taxNo
Stamp duty payable in the secondary marketYes
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 date05.01.2027
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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