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ZKB Capital Protection Note with Barrier
on Swisscanto (CH) Gold ETF USD ETF with 100.00% Capital Protection

ISIN: CH1446531209 Security: 144653120 Symbol: Z25BCZ Life cycle
gray-market

Bid Price n.a.

Ask Price n.a.

Currency qn.a.

Exchange ZKB

Volume n.a.

Volume n.a.

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

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.StrikeAbstand zu
Strike
BarrierAbstand zu
Barriere
ZKB Gold USD ETF31143'166.50USD3'166.50 (100.00%)n.a.3'863.130 (122.00%)n.a.

Reference data

ISIN CH1446531209
Security 144653120
Symbol Z25BCZ
Currency qUSD
Currency hedging Yes
Nominal amount 1'000.00
Barrier level observation continuous
Ratio n.a.
Maximum return
Maximum return p.a. n.a.

Coupon

Coupon (Coupon p.a.)n.a.
Interest portion p.a.n.a.
Premium portion p.a.n.a.
Coupon daten.a.
Day count conventionn.a.
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date25.07.2025
Payment day30.07.2025
First trading day30.07.2025
Last trading day26.10.2026
Final fixing day26.10.2026
Redemption date30.10.2026
Redemption typeCash Settlement
Early redemptionNo
Residual term456
Issue amount5'000'000.00

Price data

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

Product type

SSPA derivative category Capital protection
SSPA code Capital protection certificate with barriers (1130)

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 taxNo
Withholding taxNo
Stamp duty payable in the secondary marketYes
Stamp duty payable upon delivery of the securitiesNo
SIX Telekurs EU tax classification code (out of scope)
Internal Rate of Return3.90%
Cash value of fixed income investment upon issue95.33%
Cash value of fixed income investment upon redemption100.00%

Sales restrictions

USA, US persons, EEA, Guernsey, GB

Redemption

Redemption date30.10.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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