Thursday, 31 August 2023 Reading time : 2 minutes

Capital protection
Shark notes are part of the group of capital protection products and offer investors a participation in the positive performance of an underlying asset while protecting the capital invested against loss. They owe their name to their payoff profile, which resembles the dorsal fin of a shark -  the risk of loss is eliminated while at the same time participation in the upward movement is made possible. 

Knock-out barrier
Shark notes have an upper barrier, a so-called knock-out barrier. If the price of the underlying exceeds this barrier, investors receive at least the full amount of their invested capital back. Accordingly, these products are suitable if investors expect rising prices yet still prefer capital protection, but not if strongly bullish markets are expected.

Attractive additional feature: Rebate
The rebate comes into play if the price of the underlying instrument exceeds the predefined knock-out barrier during the term of the product and corresponds to a guaranteed coupon payment. It allows the generation of a return even if a knock-out has occurred.

The following products all offer 100% capital protection and 100% participation in the positive performance of the underlying up to the barrier.

SMI®

• 120% Knock-Out Barrier
• 6% rebate
• 3 years maturity
• Termsheet

NASDAQ® (USD)

• 120% knock-out barrier
• 12% rebate
• 2 years maturity
• Termsheet

NVIDIA (USD)*

• 150% knock-out barrier
• 1 year maturity
• Termsheet

*no rebate
indicative data

 

Disclaimer
This communication is for marketing purposes. It is neither an offer nor an invitation to submit an offer, to purchase or to subscribe to securities and does not constitute investment advice. You should consult your advisors before making an investment decision.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, financial condition, development or performance of the issuer to be materially different from any future results, financial condition, development or performance expressed or implied by such statements.
The present document has not been drawn up by the research department as defined in the rules of the “Directives on the Independence of Financial Research” published by the Swiss Bankers Association, hence these rules do not apply to this document.
If securities are mentioned in the communication, the base prospectus, the final terms and any key information document may be obtained free of charge from Zürcher Kantonalbank, Bahnhofstrasse 9, 8001 Zurich, VRIS, and from www.zkb.ch/finanzinformationen.