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8.95% p.a. ZKB Callable Barrier Reverse Convertible, 18.02.2025 on worst of MRK UN/JPM UN/BRK/B UN
Merck & Co Inc/JPMorgan Chase & Co/Berkshire Hathaway Inc

ISIN: CH1273451745 Security: 127345174 Symbol: n.a. Life cycle
redeemed

Bid Price n.a.

Ask Price n.a.

Currency n.a.

Exchange ZKB

Volume n.a.

Volume n.a.

Date/time (delayed) n.a. n.a.

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapDistance to capBarrierDistance to barrierRatio
Merck A117.17105.68USD105.68
(100.00%)
7.00%63.408
(60.00%)
44.20%9.4625
JPMorgan Chase A211.09154.965USD154.97
(100.00%)
24.92%92.979
(60.00%)
54.95%6.4531
Berkshire Hathaway A455.31361.665USD361.67
(100.00%)
16.15%216.999
(60.00%)
49.69%2.7650

Reference data

ISIN CH1273451745
Security 127345174
Symbol n.a.
Currency USD
Currency hedging No
Nominal amount 1'000.00
Barrier level observation at maturity
Maximum repayment 1'134.57

Coupon

Coupon (Coupon p.a.)13.46% (8.95% )
Coupon paymentguaranteed
Interest portion p.a.5.02%
Premium portion p.a.3.94%
Coupon date18.02.2025
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date10.08.2023
Payment day17.08.2023
First trading day17.08.2023
Last trading day10.02.2025
Final fixing day10.02.2025
Redemption date18.02.2025
Redemption typephysical delivery or cash settlement
Early redemption12.08.2024
Residual term142
Issue amount50'000.00

Price data

Price status flat Marchzins
Exchange ZKB
Trade time 09:15 - 17:15 (CET)
Round lot USD 1'000.00
Performance of underlying since issue 7.53%

Product type

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

Legal parties

Issuer Zürcher Kantonalbank Finance (Guernsey) Ltd
Keep-Well Agreement with Zürcher Kantonalbank, Zürich
Issuer rating
Lead manager Zürcher Kantonalbank, Zürich
Payment, execution and calculation agent Zürcher Kantonalbank, Zürich

Tax aspects (Private investor tax domicile Switzerland)

Income taxYes
Withholding taxNo
Stamp duty payable in the secondary marketYes
Stamp duty payable upon delivery of the securitiesYes
SIX Telekurs EU tax classification code (out of scope)
Internal Rate of Return5.02%
Cash value of fixed income investment upon issue92.91%
Cash value of fixed income investment upon redemption100.00%

Sales restrictions

USA, US persons, Guernsey, EEA, GB

Redemption

Redemption date18.02.2025
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

Early redemption

Redemption date12.08.2024
Redemption amount1'000.00

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