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ZKB Barrier Reverse Convertible on worst of
SAP SE/Microsoft Corp/Rheinmetall AG

ISIN: CH1534735084 Security: 153473508 Symbol: Z0CEQZ Life cycle
Secondary market

Bid Price 89.22%

Ask Price 89.97%

Currency qEUR

Exchange SIX Structured Products

Volume 500'000.00

Volume 500'000.00

Date/time (delayed) 13.05.2026 05:15:00

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
SAP A136.26146.54EUR146.54
(100.00%)
-8.13%84.993
(58.00%)
37.28%n.a.
Microsoft N405.21411.22USD411.22
(100.00%)
-1.98%238.508
(58.00%)
40.85%n.a.
Rheinmetall A1121.61'515.20EUR1'515.20
(100.00%)
-35.14%878.816
(58.00%)
21.62%n.a.

Reference data

ISIN CH1534735084
Security 153473508
Symbol Z0CEQZ
Currency qEUR
Currency hedging Yes
Nominal amount 1'000.00
Barrier level observation at maturity
Maximum repayment 1'126.00

Coupon

Coupon (Coupon p.a.)12.60% (12.60% )
Coupon paymentguaranteed
Interest portion p.a.2.40%
Premium portion p.a.10.20%
Coupon date23.10.2026
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date15.04.2026
Payment day23.04.2026
First trading day23.04.2026
Last trading day15.04.2027
Final fixing day15.04.2027
Redemption date23.04.2027
Redemption typeCash Settlement
Early redemptionNo
Residual term335
Issue amount5'000'000.00

Price data

Price status flat Marchzins
Exchange SIX Structured Products
Trade time 09:15 - 17:15 (CET)
Round lot EUR 1'000.00
Performance of underlying since issue -26.00%

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 securitiesNo
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 date23.04.2027
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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