Uncertainty - translated into volatility on the stock exchanges - pushes prices down. However, for yield enhancement products that have a short option component, increased volatility can also be beneficial, as the option premiums collected increase with volatility: Higher coupons and/or lower barriers result. For investors assuming a sideways movement or rising markets, or assuming a normalization of volatility, temporarily increased volatility allows for more attractive conditions.
| Type | Valor | Underlyings | Coupon p.a. | Barrier | Duration (m) | Currency | Subsciption until |
| CBRC | 127346283 | SMI®, EURO STOXX 50®, S&P 500® | 4% | 60% | 18 | CHF | 25.09.2023 |
| CBRC | 127346285 | SMI®, EURO STOXX 50®, S&P 500® | 8% | 60% | 18 | USD | 25.09.2023 |
| ZKB Tracker-Zertifikat Dynamisch auf Freigeist Cannabis Opportunity AMC 113976239 / CH1139762392 |
| ZKB Barrier Reverse Convertible on worst of JD.com Inc/Li Auto Inc 147482111 / CH1474821118 |
| ZKB Reverse Convertible on worst of Lululemon Athletica Inc/Pfizer Inc/Starbucks Corp/Unitedhealth G... 132912389 / CH1329123892 |
| ZKB EQ Discount-Zertifikat auf Gerresheimer AG 144652898 / CH1446528981 |
| ZKB Barrier Reverse Convertible on worst of EMS-CHEMIE HOLDING AG/Geberit AG/Holcim - Amrize Basket 135803544 / CH1358035447 |