derinet® Switzerland

Barrier Reverse Convertible with Conditional Coupon on Lam Research, PayPal

  • Valor 112466604
  • ISIN CH1124666046
  • Symbol ZMAAYV
Bid (indicative)%
Ask (indicative)-
Price on
  • Barrier observation at the end
  • Autocallable
  • sustainable
Lam Research Corp.USD 
PayPal Holdings Inc.USD 
Please note that this is an indication.


Reverse Convertible with Conditional Coupon Long

Your Idea

  • You expect a certain underlying to trade rangebound or appreciate mildly.
  • You want to achieve attractive returns while securing loss protection up to a defined price level.
  • You want to benefit from a potential premature redemption.

Our solution

  • Express Voncerts feature potential attractive periodical coupon payments.
  • The barrier provides defined contingent capital protection.
  • If the underlying closes at or above a predefined level on the observation day, the Express Voncert is redeemed prematurely along with a coupon payment.


  • An investment in an Express Voncert entails the same risk as a direct investment in the underlying if the underlying closes below the barrier at maturity.
  • Issuer risk
  • Market and currency risk

Profit/loss diagram

Disclaimer: Please consult the termsheet and the accompanying issue prospectus for information on the exact product functionality, product details and risks.