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ZKB Callable Reverse Convertible Defensive on worst of
Chevron/Shell N

ISIN: CH1303979731 Security: 130397973 Symbol: Z23CUZ Life cycle
Secondary market

Bid Price 100.09%

Ask Price 100.79%

Currency qCHF

Exchange SIX Structured Products

Volume 250'000.00

Volume 250'000.00

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

Sell Buy 

Underlying value

UnderlyingPriceInitial fixingCurr.CapAbstand zu
Cap
Ratio
Chevron163.05149.68USD119.74 (80.00%)26.38%n.a.
Royal Dutch Shell A33.6229.815EUR23.85 (80.00%)29.05%n.a.

Reference data

ISIN CH1303979731
Security 130397973
Symbol Z23CUZ
Currency qCHF
Currency hedging Yes
Nominal amount 1'000.00

Coupon

Coupon (Coupon p.a.)7.10% (4.75% )
Coupon paymentguaranteed
Interest portion p.a.1.24%
Premium portion p.a.3.51%
Coupon date27.05.2024
Day count convention30/360 (German), modified following
Accrued couponn.a.

Life cycle

Issue price100.00%
Initial fixing date18.12.2023
Payment day27.12.2023
First trading day27.12.2023
Last trading day18.06.2025
Final fixing day18.06.2025
Redemption date25.06.2025
Redemption typephysical delivery or cash settlement
Early redemptionNo
Residual term398
Issue amount5'000'000.00

Price data

Price status flat Marchzins
Exchange SIX Structured Products
Trade time 09:15 - 17:15 (CET)
Round lot CHF 1'000.00
Performance of underlying since issue 8.67%

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 Return1.24%
Cash value of fixed income investment upon issue98.18%
Cash value of fixed income investment upon redemption100.00%

Sales restrictions

USA, US persons, EEA, Guernsey, GB

Redemption

Redemption date25.06.2025
Redemption amount
Redemption currencyn.a.
Underlyingn.a.
Physical delivery-

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