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10.00% (5.00% p.a.) ZKB Reverse Convertible Defensive
Galenica A/Lonza Grp N/Alcon N

ISIN: CH1252917450 Security: 125291745 Symbol: Z23BUZ Life cycle
Secondary market

Bid Price 103.21%

Ask Price 103.71%

Currency CHF

Exchange SIX Structured Products

Volume 500'000.00

Volume 500'000.00

Date/time (delayed) 15.05.2024 05:15:00

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapAbstand zu
Cap
Ratio
Galenica A71.571.15CHF49.81 (70.00%)30.34%100.3915
Lonza Grp N532.2544.40CHF381.08 (70.00%)28.40%13.1206
Alcon N80.7273.34CHF51.34 (70.00%)36.40%97.3937

Reference data

ISIN CH1252917450
Security 125291745
Symbol Z23BUZ
Currency CHF
Currency hedging No
Nominal amount 5'000.00

Coupon

Coupon (Coupon p.a.)10.00% (5.00% )
Coupon paymentguaranteed
Interest portion p.a.1.94%
Premium portion p.a.3.06%
Coupon date22.07.2024
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date14.07.2023
Payment day21.07.2023
First trading day21.07.2023
Last trading day14.07.2025
Final fixing day14.07.2025
Redemption date21.07.2025
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term424
Issue amount10'000'000.00

Price data

Price status flat Marchzins
Exchange SIX Structured Products
Trade time 09:15 - 17:15 (CET)
Round lot CHF 5'000.00
Performance of underlying since issue -2.24%

Product type

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

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 taxYes
Withholding taxNo
Stamp duty payable in the secondary marketYes
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, EEA, Guernsey, GB

Redemption

Redemption date21.07.2025
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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