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ZKB Reverse Convertible on worst of
Barry Callebaut AG/Clariant AG/Merck & Co Inc/Pfizer Inc

ISIN: CH1446514585 Security: 144651458 Symbol: n.a. Life cycle
Secondary market

Bid Price 108.01%

Ask Price n.a.

Currency qGBP

Exchange ZKB

Volume 100'000.00

Volume n.a.

Date/time (realtime) 08.05.2026 05:20:59

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapAbstand zu
Cap
Ratio
Barry Callebaut N1181837.25CHF669.80 (80.00%)-43.19%n.a.
Clariant N7.868.60CHF6.88 (80.00%)-12.24%n.a.
Merck A111.3878.215USD62.57 (80.00%)-44.17%n.a.
Pfizer Inc25.6823.315USD18.65 (80.00%)-27.79%n.a.

Reference data

ISIN CH1446514585
Security 144651458
Symbol n.a.
Currency qGBP
Currency hedging Yes
Nominal amount 1'000.00

Coupon

Coupon (Coupon p.a.)29.15% (14.53% )
Coupon paymentguaranteed
Interest portion p.a.3.81%
Premium portion p.a.10.73%
Coupon date12.06.2026
Day count conventionAct/365 (Englisch), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date05.06.2025
Payment day12.06.2025
First trading day12.06.2025
Last trading day07.06.2027
Final fixing day07.06.2027
Redemption date14.06.2027
Redemption typeCash Settlement
Early redemptionNo
Residual term393
Issue amount100'000.00

Price data

Price status flat Marchzins
Exchange ZKB
Trade time 09:15 - 17:15 (CET)
Round lot GBP 1'000.00
Performance of underlying since issue -8.84%

Product type

SSPA derivative category Yield enhancement
SSPA code Reverse convertible (1220)

Legal parties

Issuer Zuercher 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 securitiesNo
SIX Telekurs EU tax classification code (out of scope)
Internal Rate of Returnn.a.
Cash value of fixed income investment upon issuen.a.
Cash value of fixed income investment upon redemptionn.a.

Sales restrictions

USA, US persons, Guernsey, EEA, GB

Redemption

Redemption date14.06.2027
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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