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ZKB Barrier Reverse Convertible on worst of
Deutsche Post AG/Allianz SE/Merck KGaA

ISIN: CH1218243280 Security: 121824328 Symbol: Z08ARZ Life cycle
Secondary market

Bid Price 102.97%

Ask Price 103.47%

Currency EUR

Exchange SIX Structured Products

Volume 500'000.00

Volume 500'000.00

Date/time (delayed) 17.05.2024 05:15:01

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
Deutsche Post N39.9739.045EUR39.05
(100.00%)
2.51%19.523
(50.00%)
51.25%25.6115
Allianz N267.4232.35EUR232.35
(100.00%)
12.98%116.175
(50.00%)
56.49%4.3039
Merck A167.2160.35EUR160.35
(100.00%)
4.13%80.175
(50.00%)
52.06%6.2364

Reference data

ISIN CH1218243280
Security 121824328
Symbol Z08ARZ
Currency EUR
Currency hedging No
Nominal amount 1'000.00
Barrier level observation continuous
Maximum repayment 1'098.00

Coupon

Coupon (Coupon p.a.)9.80% (9.80% )
Coupon paymentguaranteed
Interest portion p.a.3.97%
Premium portion p.a.5.83%
Coupon date27.06.2024
Day count convention30/360 (German), modified following
Accrued coupon1.47%

Life cycle

Issue price100.00%
Initial fixing date22.09.2023
Payment day27.09.2023
First trading day27.09.2023
Last trading day23.09.2024
Final fixing day23.09.2024
Redemption date27.09.2024
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term125
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 2.57%

Product type

SSPA derivative category Yield enhancement
SSPA code Barrier reverse convertible (1230)

Legal parties

Issuer Zürcher Kantonalbank, Zürich
Keep-Well Agreement
Issuer rating Standard & Poor's AAA, Moody's Aaa, Fitch AAA
Lead manager Zürcher Kantonalbank, Zürich
Payment, execution and calculation agent Zürcher Kantonalbank, Zürich

Tax aspects (Private investor tax domicile Switzerland)

Income taxYes
Withholding taxYes
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 Return3.97%
Cash value of fixed income investment upon issue96.18%
Cash value of fixed income investment upon redemption100.00%

Sales restrictions

USA, US persons, Guernsey, EEA, GB

Redemption

Redemption date27.09.2024
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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