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ZKB Capital Protection Note with Participation
on SMI® Index with 98.00% Capital Protection

ISIN: CH1402510981 Security: 140251098 Symbol: Z25AAZ Life cycle
Secondary market

Bid Price 99.61%

Ask Price 100.61%

Currency CHF

Exchange SIX Structured Products

Volume 400'000.00

Volume 400'000.00

Date/time (delayed) 23.12.2025 05:15:00

Sell Buy 

Underlying value

UnderlyingPriceInitial
Fixing
Curr.StrikeAbstand zu
Strike
CapAbstand zu
Cap
SMI® Index13242.812'111.16CHF12'111.16 (100.00%)8.62%n.v.n.a.

Reference data

ISIN CH1402510981
Security 140251098
Symbol Z25AAZ
Currency CHF
Currency hedging No
Nominal amount 1'000.00
Ratio 0.08%
Maximum return p.a. n.a.

Life cycle

Issue price100.00%
Initial fixing date21.01.2025
Payment day28.01.2025
First trading day28.01.2025
Last trading day19.01.2029
Final fixing day19.01.2029
Redemption date26.01.2029
Redemption typeCash Settlement
Early redemptionNo
Residual term1'119
Issue amount5'000'000.00

Price data

Price status clean
Exchange SIX Structured Products
Trade time 09:15 - 17:15 (CET)
Round lot CHF 1'000.00
Performance of underlying since issue 9.43%

Product type

SSPA derivative category Capital protection
SSPA code Capital protection certificate with participation (1100)

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 Return0.21%
Cash value of fixed income investment upon issue97.20%
Cash value of fixed income investment upon redemption98.00%

Sales restrictions

USA, US persons, EEA, Guernsey, GB

Redemption

Redemption date26.01.2029
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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