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ZKB Capital Protection Certificate with Leverage
on EdR Income Europe IAHC with Lock-In

ISIN: CH0125518107 Security: 12551810 Symbol: n.a. Life cycle
Secondary market

Bid Price 106.85%

Ask Price 106.86%

Currency CHF

Exchange ZKB

Volume n.a.

Volume n.a.

Date/time (realtime) 21.11.2024 05:17:00

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1140 Capital protection certificate with coupon

Product type number as specified by the Swiss Structured Products Association (SSPA): 1140

Please consult the termsheet and the accompanying issue prospectus for information on the exact product functionality, product details and risks.

Market expectations

  • Rising underlying
  • Major price corrections in the underlying are possible

Characteristics

  • The amount of the repayment upon expiry is at least the amount of the capital protection.
  • The capital protection is expressed as a percentage of the nominal amount (e.g. 100%).
  • The capital protection applies only to the nominal amount and not to the purchase price.
  • The value of the product may fall below the capital protection level during the term.
  • The amount of the coupon is dependent on the performance of the underlying.
  • The profit potential is limited (coupon).

Advantages

  • The minimum repayment specified at the beginning of the term is only guaranteed on expiry.
  • The minimum coupon is paid out annually irrespective of the underlyings’ performance
  • Participation in the underlyings’ performance is limited to the maximum coupon.

Disadvantages

  • Capital protection applies only upon expiry. The value of the product may fall below the minimum repayment during the term.
  • If the underlying rises sharply, the return compared with a direct investment is limited.

Product & scenarios

  • Payment of the guaranteed minimum repayment on expiry.
  • The coupon is paid out on the respective coupon payment date.
  • The coupon corresponds to the average performance of the individual underlyings since issue limited by a minimum and maximum coupon.

Pay-off diagram upon expiry

1140 Pay-off

Examples upon expiry

Product & scenarios
  Scenario 1 Scenario 2 Scenario 3
Description Rising Underlying Rising underlying Falling underlying
Underlying value 6 shares 6 shares 6 shares
Capital protection 100% 100% 100%
Minimum coupon 1% p.a.% 1% p.a. 1% p.a.
Maximum coupon 6% p.a. 6% p.a. 6% p.a.
Magnet effect No Yes No
Yield cap p.a. 6% 6% 6%
Yield floor p.a. No No -10%
Term 5 years 5 years 5 years
Issue price 100% 100% 100%
Performance year 1 Performance in% Performance for calculation in% Performance in% Performance for calculation in% Performance in% Performance for calculation in%
Share A (weight 1/6) +5 +5 +3 +6 (Magnet) -12 -10 (Floor)
Share B (weight 1/6) +10 +6 (Cap) -1 -1 -6 -6
Share C (weight 1/6) +15 +6 (Cap) +2 +6 (Magnet) -30 -10 (Floor)
Share D (weight 1/6) +10 +6 (Cap) -0.5 -0.5 -2 -2
Share E (weight 1/6) +7 +6 (Cap) +1 +6 (Magnet) -9 -9 (Floor)
Share F (weight 1/6) +20 +6 (Cap) -4 -4 -17 -10 (Floor)
Payoff
  Scenario 1 Scenario 2 Scenario 3
Calculation (5% + 6% + 6% + 6% + 6% + 6%) / 6 = 5.83% (6% - 1% + 6% - 0.5% + 6% - 4%) / 6 = 2.08% (- 10% - 6% - 10% - 2% - 9% - 10%) / 6 = -7.83%
Coupon after year 1 5.83% 2.08% 1.00% (minimum coupon)
Taxes
Swiss income tax Predominantly one-off interest payments (IUP)
Swiss withholding tax No
Swiss stamp tax Yes
EU tax on interest No
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