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ZKB Reverse Convertible on worst of
Walmart Inc/Costco Wholesale Corp/Target Corp

ISIN: CH1560439080 Security: 156043908 Symbol: n.a. Life cycle
gray-market

Bid Price 98.96%

Ask Price n.a.

Currency USD

Exchange ZKB

Volume 50'000.00

Volume n.a.

Date/time (realtime) 22.05.2026 05:15:48

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapAbstand zu
Cap
Ratio
Wal-Mart Stores A120.27133.7652USD93.64 (70.00%)-21.87%21.3594
Costco Wholesale A1028.241'090.1494USD763.10 (70.00%)-25.65%2.6209
Target A125.6127.9867USD89.59 (70.00%)-29.15%22.3237

Reference data

ISIN CH1560439080
Security 156043908
Symbol n.a.
Currency USD
Currency hedging No
Nominal amount 2'000.00

Coupon

Coupon (Coupon p.a.)9.62% (9.64% )
Coupon paymentguaranteed
Interest portion p.a.3.91%
Premium portion p.a.5.73%
Coupon date27.11.2026
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date20.05.2026
Payment day28.05.2026
First trading day28.05.2026
Last trading day20.05.2027
Final fixing day20.05.2027
Redemption date27.05.2027
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term360
Issue amount50'000.00

Price data

Price status clean
Exchange ZKB
Trade time 09:15 - 17:15 (CET)
Round lot USD 2'000.00
Performance of underlying since issue -10.41%

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 marketNo
Stamp duty payable upon delivery of the securitiesYes
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 date27.05.2027
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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