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ZKB Barrier Reverse Convertible on worst of
Merck & Co Inc/Vertex Pharmaceuticals Inc/AppLovin Corp

ISIN: CH1510922649 Security: 151092264 Symbol: n.a. Life cycle
Secondary market

Bid Price 72.15%

Ask Price 0.00%

Currency USD

Exchange ZKB

Volume 300'000.00

Volume n.a.

Date/time (realtime) 18.02.2026 05:21:10

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
Merck A120.935110.66USD110.66
(100.00%)
8.22%n.v.n.v45.1834
Vertex Pharmaceut.A471439.90USD439.90
(100.00%)
6.56%n.v.n.v11.3662
AppLovin A400.995605.92USD605.92
(100.00%)
-51.03%Hitn.v8.2519

Reference data

ISIN CH1510922649
Security 151092264
Symbol n.a.
Currency USD
Currency hedging No
Nominal amount 5'000.00
Barrier level observation continuous
Maximum repayment 5'375.11

Coupon

Coupon (Coupon p.a.)7.50% (30.09% )
Coupon paymentguaranteed
Interest portion p.a.3.77%
Premium portion p.a.26.32%
Coupon date26.03.2026
Day count conventionAct/365 (Englisch), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date16.01.2026
Payment day26.01.2026
First trading day26.01.2026
Last trading day20.04.2026
Final fixing day20.04.2026
Redemption date27.04.2026
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term60
Issue amount300'000.00

Price data

Price status flat Marchzins
Exchange ZKB
Trade time 09:15 - 17:15 (CET)
Round lot USD 5'000.00
Performance of underlying since issue -33.79%

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 date27.04.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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