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ZKB Put Warrant auf
Swiss Re AG

ISIN: CH1478485324 Security: 147848532 Symbol: SREF8Z Life cycle
Secondary market

Bid Price 0.51

Ask Price 0.52

Currency CHF

Exchange SIX Structured Products

Volume 175'000.00

Volume 175'000.00

Date/time (delayed) 02.04.2026 05:15:00

Sell Buy 

Product Download

Security PDF for download Publication date
Termsheet 23.09.2025
Key Information Document DE 23.09.2025
Key Information Document EN 23.09.2025

Price data

  Bid Ask
Price 0.51 0.52
Volume 175'000.00 175'000.00
Date/time 02.04.26 17:15 02.04.26 17:15

Current data

Last price paid 0.52
Change -3.70% [ -0.02 ]
Last traded volume n.a. Unit
Cumulative volume n.a. Unit
Date/time 02.04.2026 17:20

Life cycle

Initial fixing date23.09.2025
Settlement date30.09.2025
Last trading18.09.2026
Final fixing18.09.2026
Currency redemptionCHF

Performance

Perf. since issue +9.57%
Year to date (YTD) -5.45%
1 month +6.12%
3 months -5.45%
1 year n.a.
3 years n.a.

Key figures on issue

Issue price0.47
Underlying price on issue140.80
Premium0.10%
Premium p.a.0.20%
Leverage7.13
Implied volatility0.21

Reference data

ISIN CH1478485324
Symbol SREF8Z
Security 147848532
Exchange SIX Structured Products
Currency CHF
Expiry 25.09.2026
Underlying Swiss Re N, CH0126881561
Underlying ISIN CH0126881561
Strike 130.00
C/P type put
Subscription ratio 20.00
Issuer Zuercher Kantonalbank
Exercise type American
Delivery of securities On Demand
Minimum execution 20
Value day 23.09.2025

Key figures

Premium 9.69%
Premium p.a. 20.11%
Leverage 12.87
Implied volatility 20.60%
Moneyness out-of-the-money
Leverage 7.1339
Delta -0.5593
Gamma 0.0010
Theta -0.0023
Rho -0.0202
Vega 0.0168
Fair value 0.52
Intrinsic value n.a.
Break-even 119.70
SSPA value at risk n.a.
SSPA risk rating n.a.

Product type

SSPA derivative category Leverage
SSPA code Warrant (2100)

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