Tuesday, 22 November 2022 Reading time : 2 minutes

Changes in the interest rate environment and falling volatility, while at the same time the market outlook remains quite uncertain: capital protection products are suitable in such situations. Market developments - rising interest rates and call options becoming more favorable - make attractive conditions possible; with full capital protection, participation of 100% in the price performance of the SMI® is possible for three years. Particularly attractive: the upside participation is unlimited. 

This product is suitable for investors who wish to benefit from a possible positive development of the SMI®, but still do not want to forego hedging in the event of price setbacks.

Three different scenarios are possible per expiration in three years:

SMI® Perfomance at Exiry	Payout to Investor
positive, higher than initial	100% of invested capital, in addition to SMI® performance
unchanged, same as initial	100% of invested capital
negative, lower than initial	100% of invested capital

Capital Protection Certificate on the SMI® (Quanto USD)

• 100% capital protection
• 100% participation, no upper limit
• 2.5 years maturity
• Subscription deadline November 30, 4:00 p.m.
• Termsheet

 

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.