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ZKB Reverse Convertible auf
Merck KGaA

ISIN: CH1511282290 Security: 151128229 Symbol: Z0CARZ Life cycle
gray-market

Bid Price 99.09%

Ask Price 99.84%

Currency EUR

Exchange ZKB

Volume 250'000.00

Volume 250'000.00

Date/time (realtime) 20.03.2026 05:16:59

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapAbstand zu
Cap
Ratio
Merck A104.05107.00EUR76.99 (71.95%)-26.36%1'298.9290

Reference data

ISIN CH1511282290
Security 151128229
Symbol Z0CARZ
Currency EUR
Currency hedging No
Nominal amount 100'000.00

Coupon

Coupon (Coupon p.a.)2.47% (5.00% )
Coupon paymentguaranteed
Interest portion p.a.2.18%
Premium portion p.a.2.82%
Coupon date24.09.2026
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date19.03.2026
Payment day26.03.2026
First trading day26.03.2026
Last trading day17.09.2026
Final fixing day17.09.2026
Redemption date24.09.2026
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term178
Issue amount5'000'000.00

Price data

Price status flat Marchzins
Exchange ZKB
Trade time 09:15 - 17:15 (CET)
Round lot EUR 100'000.00
Performance of underlying since issue -2.29%

Product type

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

Legal parties

Issuer Zürcher Kantonalbank, Zürich
Keep-Well Agreement
Issuer rating Standard & Poor's AAA, Moody's Aaa, Fitch AAA
Lead manager Zürcher Kantonalbank, Zürich
Payment, execution and calculation agent Zürcher Kantonalbank, Zürich

Tax aspects (Private investor tax domicile Switzerland)

Income taxYes
Withholding taxYes
Stamp duty payable in the secondary marketNo
Stamp duty payable upon delivery of the securitiesYes
SIX Telekurs EU tax classification code (out of scope)
Internal Rate of Return2.18%
Cash value of fixed income investment upon issue100.00%
Cash value of fixed income investment upon redemption100.00%

Sales restrictions

USA, US persons, Guernsey, EEA, GB

Redemption

Redemption date24.09.2026
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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