Tuesday, 22 November 2022 Reading time : 1 minute

The Swiss Market Index is still trading at almost -14% YTD. However, the last few weeks have been characterized by an upward trend - market participants seem to be cautious, but nevertheless optimistic about future developments. Volatility is dropping back towards the long-term average after some highs. 

In such scenarios, it is important to many investors not only to be able to profit from the upward movement, but also to limit the risk of loss in the event of price declines. Here, participation products that provide a certain "cushioning" for downside scenarios can be suitable.

The ZKB Cushion Downside Certificate on the SMI® meets this requirement. If the index develops positively after the start date of the product, investors participate fully in its performance. However, if the index falls below the intial value during the term, the downside participation is limited to 60% - thus reducing the potential loss compared to direct investment.

Cushion Downside Participation Certificate on the SMI® (CHF)

• 100% upside participation
• 60% downside participation
• 18 months term
• Subscription deadline November 30, 2022, 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.