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else if (accountSalutation === "[\"male\"]") { salutation_text_TEM = "Sehr geehrter Herr"; } /* Update custom field with new value */ fetch(config.handlerUrl + new URLSearchParams({ aid: window.tp.aid, uid: data.uid, /* replace correct form ID and custom field ID */ form_id: config.salutationForm.formName, custom_fields: JSON.stringify({ salutation_text_TEM: salutation_text_TEM }) }), { method: 'POST', headers: { 'Authorization': window.tp.pianoId.getToken(), 'Content-Type': 'application/json; charset=UTF-8' } }).then(() => { if (window.nzzDebugPiano) { console.log(`##piano## salutation_text_TEM updated to ${salutation_text_TEM}`); } if (window.localStorage) { window.localStorage.setItem(`nzz-salutation`, data.uid); } }).catch(e => { if (window.nzzDebugPiano) { console.log(`##piano## salutation_text_TEM error: ${e}`); } }).finally(() => { if (forceReload) { if (window.nzzDebugPiano) { console.log('##piano## pianoUpdateSalutation forceReload, because of source PIANOID'); } window.location.reload(); } });}; ((bT, clientCountryPreference, config) => { let tags = []; if (bT && bT.standard) { Object.keys(bT.standard).forEach(key => { tags.push([`set${key}`, bT.standard[key]]); }); } if (bT && bT.custom) { Object.keys(bT.custom).forEach(key => { tags.push(['setCustomVariable', key, bT.custom[key]]); }); } return function pianoMain() { if (!window.tp) { window.tp = window.tp || []; window.digitalData = window.digitalData || {}; window.digitalData.user = [{ profile: [{ attributes: { piano: { clientCountryCode: clientCountryPreference || 'CH' } }, profileInfo: { profileID: '', gender: '', userHash: '4defa01e671ab8c019597a9b2cc3d662' } }] }]; /* Set Application ID */ if (window.nzzDebugPiano) { console.log('%c ##piano## :VERSION V43', 'background: yellow;color:black'); } window.tp.push(['setAid', config.aid]); if (config.dmpSiteId) { window.tp.push(['setCxenseSiteId', config.dmpSiteId]); } /* Is application in sandbox */ window.tp.push(['setSandbox', config.isSandbox === 'true']); /* Does application use Piano ID? */ if (config.isSandbox === 'false') { window.tp.push(['setPianoIdUrl', 'https://id-eu.piano.io']); window.tp.push(['setEndpoint', 'https://buy-eu.piano.io/api/v3']); } else { window.tp.push(['setPianoIdUrl', 'https://sandbox.piano.io']); window.tp.push(['setEndpoint', 'https://sandbox.tinypass.com/api/v3']); } window.tp.push(['setUseTinypassAccounts', false]); window.tp.push(['setUsePianoIdUserProvider', true]); /* gift article */ try { const urlParams = new URLSearchParams(window.location.search); if (urlParams.has('gift_created') && new Date(urlParams.get('gift_created') / 1 * 1000) > Date.now() - 7 * 24 * 60 * 60 * 1000) { window.tp.push(['setCustomVariable', 'shared_article_valid', 'true']); } } catch (e) { console.log(e); } /* Execute when the page is first loaded */ if (window.nzzDebugPiano) { console.log('%c set tags', 'background: yellow;color:black'); } tags.forEach(function (tag) { window.tp.push(tag); }); window.tp.push(['init', function () { if (window.nzzDebugPiano) { console.log('%c init piano', 'background: green;color:yellow'); } window.nzzPianoLoaded = true; window.tp.push(['addHandler', 'registrationSuccess', data => { if (window.nzzDebugPiano) { console.log('##piano## registrationSuccess:'); } fetch(config.handlerUrl + new URLSearchParams({ aid: window.tp.aid, uid: data.user.sub, form_id: config.RSEvent.formName, custom_fields: JSON.stringify(config.RSEvent.params) }), { method: 'POST', headers: { 'Authorization': data.token, 'Content-Type': 'application/json; charset=UTF-8' } }); }]); window.tp.push(['addHandler', 'loginSuccess', callbackData => { if (window.nzzDebugPiano) { console.log('##piano## loginSuccess in init', callbackData.source); } window.tp.pianoId.loadExtendedUser({ extendedUserLoaded: function (data) { if (window.nzzDebugPiano) { console.log('##piano## extendedUserLoaded for salutation', data); } let salutationField = null; const customFieldValues = data.custom_field_values; if (customFieldValues && customFieldValues.length > 0) { for (const field of customFieldValues) { if (field.field_name === "account_salutation") { salutationField = field; } } } let forceReload = false; if (callbackData.source == "PIANOID") { forceReload = true; } pianoUpdateSalutation(config, data, salutationField, forceReload); }, formName: 'salutation_form' }); }]); window.tp.push(['addHandler', 'checkoutCustomEvent', event => { if (window.nzzDebugPiano) { console.log('##piano## onCheckoutExternalEvent'); } const params = JSON.parse(event.params.params); if (event.eventName === 'purchaseCustom' && params.pmId == 'inbas') { if (window.nzzDebugPiano) { console.log('##piano## onCheckoutExternalEvent: Invoice payments'); } fetch(config.handlerUrl + new URLSearchParams({ aid: window.tp.aid, uid: window.tp.pianoId.getUser().uid, form_id: config.CEEvent.formName, custom_fields: JSON.stringify(config.CEEvent.params) }), { method: 'POST', headers: { 'Authorization': window.tp.pianoId.getToken(), 'Content-Type': 'application/json; charset=UTF-8' } }); } else if (event.eventName == 'purchaseCustom' && params.pmId == 'inbaf') { if (window.nzzDebugPiano) { console.log('##piano## onCheckoutExternalEvent: inbaf'); } fetch(config.handlerUrl + new URLSearchParams({ aid: window.tp.aid, uid: window.tp.pianoId.getUser().uid, form_id: config.CEEventInbaf.formName, custom_fields: JSON.stringify(config.CEEventInbaf.params) }), { method: 'POST', headers: { 'Authorization': window.tp.pianoId.getToken(), 'Content-Type': 'application/json; charset=UTF-8' } }); } }]); window.tp.push(['addHandler', 'checkoutClose', event => { if (event && event.state == "checkoutCompleted") { window.location.reload(); } }]); window.tp.push(['addHandler', 'externalCheckoutComplete', event => { /* Default behavior is to refresh the page on successful checkout */ if (event && event.state == "checkoutCompleted") { location.reload(); } }]); window.tp.push(['addHandler', 'customEvent', 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Für Anlegerinnen und Anleger, die der Rally nicht trauen, aber dennoch an der US-Börse partizipieren möchten, kann das ZKB Kapitalschutzprodukt auf den S&P 500 interessant sein.</p> <div class="progressbar__wrapper"><div class="progressbar"><div class="progressbar__line"><div class="progressbar__line--fill" style="transform:translateX(-100%);"></div></div></div></div> <div class="headline__meta"> <div class="metainfo metainfo--content"> <span class="metainfo__item metainfo__item--author">Erstellt im Auftrag der <a target="_blank" href="https://zkb-finance.mdgms.com/products/stp/capital_barrier/overview.html?FI_ID_NOTATION=483055786">Zürcher Kantonalbank</a></span>    <span class="metainfo__item metainfo__item--date"><time datetime="2024-11-18T10:19:07.673Z"> 18.11.2024, 11.19 Uhr </time> </span></div> <div class="headline__meta-extra"><div class="actionbar actionbar--header"> <div class="popover__placeholder"><div><div class="actionbar__item"><button class="actionbar__button button actionbar__button--header"><svg version="1.1" viewBox="0 0 18 16" class="svg-icon" style="width:16px;height:18px;"><path stroke="#000000" fill="none" pid="0" d="M17.477 7.5C17.148 3.747 13.165.5 9 .5 4.834.5.85 3.747.52 7.5M2.5 8.5h-2v7h2v-7zM17.5 8.5h-2v7h2v-7z" _stroke="#000"/><path stroke="#000000" fill="none" pid="1" fill-rule="evenodd" clip-rule="evenodd" d="M7.5 9.04v5.92L11.2 12 7.5 9.04z" _fill="#000" _stroke="#000"/></svg> <span class="actionbar__label">Hören</span></button></div></div> <div class="popover popover--header hidden"><div class="popover__container popover--header"><button class="button popover__close"><svg version="1.1" viewBox="0 0 14 14" class="button popover__close-icon svg-icon svg-fill" style="width:12px;height:12px;"><path stroke="#000000" fill="none" pid="0" d="M1 1l12 12M1 13L13 1" _stroke="#000"/></svg></button> <div class="popover__content"><div class="popover__title">Neue Vorlese-Stimmen</div> <div class="popover__desc">Eine verbesserte Vorlesefunktion steht zur Verfügung. Probieren Sie es aus!</div></div></div></div></div>  <div class="actionbar__item actionbar__item--print"><div class="actionbar__button actionbar__button--header"><svg version="1.1" viewBox="0 0 18 16" class="svg-icon" style="width:18px;height:16px;"><path stroke="#000000" fill="none" pid="0" fill-rule="evenodd" clip-rule="evenodd" d="M3.5.5v4h11v-4h-11z" _stroke="#000"/><path stroke="#000000" fill="none" pid="1" d="M3.5 12.5H1.8a1.3 1.3 0 01-1.3-1.3V5.8a1.3 1.3 0 011.3-1.3h14.4a1.3 1.3 0 011.3 1.3v5.4a1.3 1.3 0 01-1.3 1.3h-1.7" _stroke="#000"/><path stroke="#000000" fill="none" pid="2" d="M12.5 8.5h-7a2 2 0 00-2 2v3a2 2 0 002 2h7a2 2 0 002-2v-3a2 2 0 00-2-2z" _stroke="#000"/></svg> <span class="actionbar__label">Drucken</span></div></div> <div class="actionbar__item share" style="position:relative;"><div class="contextmenu-closed"><div class="actionbar__button actionbar__button--header"><svg version="1.1" viewBox="0 0 18 18" class="svg-icon" style="width:18px;height:18px;"><path stroke="#000000" fill="none" pid="0" d="M10.48 1.18l6.795 6.584-6.794 6.353v-3.796l-.513.013c-2.052.051-3.758.423-5.238 1.2-1.471.773-2.684 1.927-3.785 3.49.565-2.854 1.539-5.138 3.005-6.82 1.467-1.683 3.456-2.8 6.116-3.263l.414-.072V1.181z" _stroke="#000"/></svg> <span class="actionbar__label">Teilen</span></div></div>  <div data-nzz-tid="contextmenu-overlay" class="overlay--container"> </div></div> </div></div></div></div></div><figure id="id-doc-1icvc806j2" content="" pagetype="Article" componenttype="image" is-new-line-child="true" class="articlecomponent image" style="position:relative;"><div data-nzz-tid="image-placeholder" itemscope="itemscope" itemtype="http://schema.org/ImageObject" itemid="https://img.themarket.ch/2024/11/18/ad11c052-c909-4ea5-ad36-1d0b766cff18.png?width=1200&height=809&fit=crop&quality=75&auto=webp" class="image-placeholder image__placeholder" style="padding-bottom:67.45%;"><img alt="" data-nzz-tid="article-image" width="1920" height="1295" src="https://img.themarket.ch/2024/11/18/ad11c052-c909-4ea5-ad36-1d0b766cff18.png?width=340&height=230&fit=bounds&quality=75&auto=webp&crop=1917,1295,x0,y0" loading="eager" srcset="https://img.themarket.ch/2024/11/18/ad11c052-c909-4ea5-ad36-1d0b766cff18.png?width=680&height=459&fit=bounds&quality=75&auto=webp&crop=1917,1295,x0,y0 680w, https://img.themarket.ch/2024/11/18/ad11c052-c909-4ea5-ad36-1d0b766cff18.png?width=1360&height=919&fit=bounds&quality=75&auto=webp&crop=1917,1295,x0,y0 1360w, https://img.themarket.ch/2024/11/18/ad11c052-c909-4ea5-ad36-1d0b766cff18.png?width=340&height=230&fit=bounds&quality=75&auto=webp&crop=1917,1295,x0,y0 340w" class="image-placeholder__image" style="cursor:pointer;transform:scale(1);">  </div>  </figure><p data-team-paragraph="" id="id-doc-1icvc483a1" content="" pagetype="Article" componenttype="p" is-new-line-child="true" class="articlecomponent text">Wer zum Jahresauftakt in US-Aktien investiert hat, blickt auf ein erfreuliches Jahr zurück. Knapp 27% hat der US-Blue-Chip-Index S&P 500 seit Jahresbeginn gewonnen und überflügelt damit die Börsen anderer Industrieländer*. So hat der EuroStoxx 50 im gleichen Zeitraum 8.1% gewonnen, während der SMI 8.5% im Plus notiert. Eine Ursache für die Outperformance der amerikanischen Börsen sind die Technologiewerte, die vom Boom um die künstliche Intelligenz profitieren: Die Aktien der «Magnificent Seven» – Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia und Tesla – haben seit Jahresbeginn knapp 60% an Wert gewonnen, wie sich am Bloomberg Magnificent 7 Total Return Index ablesen lässt.</p><div id="id-doc-d387e894" content="" pagetype="Article" componenttype="barrier" is-new-line-child="true"><div id="paywall_container" class="disabled-overlay"></div></div><div id="id-doc-4ced13b2" content="" pagetype="Article" componenttype="advertisement" is-new-line-child="true" class="nzzinteraction"></div><p data-team-paragraph="" id="id-doc-1icvc9qjf0" content="" pagetype="Article" componenttype="p" is-new-line-child="true" class="articlecomponent text nzzinteraction">Auslöser für die jüngste Rally an der Wallstreet war die Wahl von Donald Trump zum 47. Präsidenten der Vereinigten Staaten anfangs November. In den darauffolgenden Tagen kletterte der S&P 500 um bis zu 5% und schloss erstmals in seiner Geschichte über der Marke von 6000 Punkten.</p><p data-team-paragraph="" id="id-doc-1icvc9u8o0" content="" pagetype="Article" componenttype="p" is-new-line-child="true" class="articlecomponent text nzzinteraction">Ob sich dieser Höhenflug auch in den kommenden Monaten fortsetzen wird, ist jedoch ungewiss. Für Anlegerinnen und Anleger, die der Börsenrally nicht ganz trauen, aber dennoch am Aufwärtspotenzial der US-Börsen partizipieren möchten, kann das ZKB Kapitalschutz-Zertifikat auf den S&P 500 daher interessant sein. Bei dem kapitalgeschützten Produkt handelt es sich um eine sogenannte Shark Note, die ihren Namen dem Auszahlungsprofil verdankt, das an die Rückenflosse eines Hais erinnert. Neben einem Kapitalschutz von 100% ist die Shark Note auf den S&P 500 mit einer Knock-out-Barriere von 120% sowie einem Rebate von 5% ausgestattet. Wie die einzelnen Komponenten zusammenspielen, wird im Folgenden erläutert:</p><h2 data-team-subtitle="" id="id-doc-1icvca0p70" content="" pagetype="Article" componenttype="subtitle" is-new-line-child="true" class="subtitle articlecomponent nzzinteraction"><span>100% Kapitalschutz per Verfall</span></h2><p data-team-paragraph="" id="id-doc-1icvcagkt0" content="" pagetype="Article" componenttype="p" is-new-line-child="true" class="articlecomponent text nzzinteraction">Der Kapitalschutz beträgt 100% des Nominalwerts des Produkts und gilt per Verfall. Während der Laufzeit kann es wie bei Obligationen zu Kursschwankungen kommen und die Produktnotierung kann unter das Kapitalschutzniveau fallen. Anlegerinnen und Anleger partizipieren vollumfänglich an der Aufwärtsbewegung des S&P 500, sofern die Knock-out-Barriere während der Laufzeit nicht erreicht wird. Das Aufwärtspotenzial ist somit begrenzt, im Gegenzug ist das eingesetzte Kapital im Vergleich zu einer Direktanlage in den Index geschützt.</p><h2 data-team-subtitle="" id="id-doc-1icvcancq0" content="" pagetype="Article" componenttype="subtitle" is-new-line-child="true" class="subtitle articlecomponent nzzinteraction"><span>Limitierte Partizipation: Knock-Out-Barriere</span></h2><p data-team-paragraph="" id="id-doc-1icvcart40" content="" pagetype="Article" componenttype="p" is-new-line-child="true" class="articlecomponent text nzzinteraction">Anlegerinnen und Anleger nehmen vollumfänglich an den Kursgewinnen des S&P 500 teil, allerdings ist die Partizipation begrenzt. Hier kommt die Knock-out-Barriere ins Spiel, die beim vorliegenden Produkt bei 120% (gemessen am Initial Fixing) liegt: Überschreitet der Kurs des S&P 500 während der Laufzeit diese Barriere, entfällt die Partizipation an den Kursgewinnen des Index. Der Kapitalschutz per Verfall bleibt bestehen, zusätzlich erhalten Anlegerinnen und Anleger im Falle eines Knock-outs einen Rebate von 5%.</p><h2 data-team-subtitle="" id="id-doc-1icvcb2tl0" content="" pagetype="Article" componenttype="subtitle" is-new-line-child="true" class="subtitle articlecomponent nzzinteraction"><span>Attraktives Zusatzmerkmal: Rebate</span></h2><p data-team-paragraph="" id="id-doc-1icvcbb130" content="" pagetype="Article" componenttype="p" is-new-line-child="true" class="articlecomponent text nzzinteraction">Der Rebate ist vergleichbar mit einer Couponzahlung und wird ausgelöst, wenn der S&P 500 während der Laufzeit die Knock-out-Barriere von 120% überschreitet. In diesem Fall entspricht die Rückzahlung am Laufzeitende dem eingesetzten Kapital zuzüglich des Rebates von 5%. Damit erzielen Anlegerinnen und Anleger auch dann eine Rendite, wenn ein Knock-out-Ereignis eingetreten ist und sie daher nicht mehr an der Wertentwicklung des Basiswerts partizipieren können. Wird die Knock-out-Barriere nicht berührt, entfällt der Rebate.</p><p data-team-paragraph="" id="id-doc-1icvcbkmd0" content="" pagetype="Article" componenttype="p" is-new-line-child="true" class="articlecomponent text nzzinteraction">Das <a target="_blank" rel="nofollow" href="https://zkb-finance.mdgms.com/products/stp/capital_barrier/overview.html?FI_ID_NOTATION=483055786">ZKB Kapitalschutz-Zertifikat auf den S&P 500</a> eignet sich für Anlegerinnen und Anleger, die dem S&P 500 eine Aufwärtsbewegung zutrauen, aber kein Kursfeuerwerk in den kommenden Monaten erwarten und gleichzeitig das Risiko eines Kapitalverlustes ausschliessen möchten. Nicht geeignet ist das Produkt hingegen für Investorinnen und Investoren, die einen steilen Anstieg des S&P 500 oder temporäre Ausreisser nach oben erwarten. Entscheidend für den Investmententscheid sind immer die Erwartungen der Anlegerinnen und Anleger.</p><p data-team-footnote="" id="id-doc-1icvccc6a0" content="" pagetype="Article" componenttype="footnote" is-new-line-child="true" class="articlecomponent footnote nzzinteraction">Das Produkt wird am Sekundärmarkt unter dem Valor 134141568 gehandelt.<br><br>*Alle Performancedaten per 13. November 2024, inkl. Dividenden<br><br><a target="_blank" rel="nofollow" href="https://zkb-finance.mdgms.com/products/stp/capital_barrier/overview.html?FI_ID_NOTATION=483055786">Erfahren Sie mehr zum ZKB Kapitalschutzprodukt.</a></p><p data-team-footnote="" id="id-doc-1icvcfguo0" content="" pagetype="Article" componenttype="footnote" data-vars-danzz-last-article-element="true" is-new-line-child="true" class="articlecomponent footnote nzzinteraction"><strong>Rechtliche Hinweise</strong><br><br>Dieses Dokument dient Werbezwecken. Dieses Dokument richtet sich an Investoren mit Wohnsitz/Sitz in der Schweiz. Dieses Dokument wurde von der Zürcher Kantonalbank mit geschäftsüblicher Sorgfalt erstellt. Sie bietet jedoch keine Gewähr für die Richtigkeit und Vollständigkeit der darin enthaltenen Informationen und lehnt jede Haftung ab, die sich aus der Verwendung des Dokumentes ergeben. Dieses Dokument ist weder ein Angebot zum Abschluss eines Vertrages noch eine Einladung zur Offertstellung für Produkte und Dienstleistungen. Es stellt kein Angebot und keine Empfehlung für den Erwerb, das Halten oder den Verkauf von Finanzinstrumenten dar. Dieses Dokument enthält allgemeine Informationen und berücksichtigt weder persönliche Anlageziele noch die finanzielle Situation oder besonderen Bedürfnisse eines spezifischen Empfängers. Der Empfänger sollte die Informationen vor einem Anlageentscheid sorgfältig auf ihre Vereinbarkeit mit seinen persönlichen Verhältnissen überprüfen. Für die Einschätzung juristischer, regulatorischer, steuerlicher und anderer Auswirkungen wird dem Empfänger empfohlen, sich durch Fachpersonen beraten zu lassen. Dieses Dokument stellt weder ein (Basis-)Prospekt noch endgültige Bedingungen oder ein Basisinformationsblatt dar. Der Basisprospekt, die endgültigen Bedingungen sowie ein allfälliges Basisinformationsblatt sind bei der Zürcher Kantonalbank, Bahnhofstrasse 9, 8001 Zürich, Abteilung VRIS sowie über www.zkb.ch/finanzinformationen kostenlos erhältlich. Wir machen Sie darauf aufmerksam, dass Telefonate mit Handels- und Verkaufseinheiten der Zürcher Kantonalbank aufgezeichnet werden. Mit Ihrem Anruf stimmen Sie stillschweigend der Aufzeichnung zu.<br><br>© 2024 Zürcher Kantonalbank. 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https:\u002F\u002Fthemarket.ch\u002Fsuche";aY.href="\u002Fsuche";ba.standard={Tags:[r,"classification=default","language=de-CH",s,"audiotts=true","product=themarket","doctype=sponsored-content","pagetype=sponsored-content","ldid=ld.12544","channel=Sponsored Content"],ContentCreated:aq,ContentAuthor:y,ContentSection:i};ba.custom={product:as,docType:s,pageType:s,layout:q,ldId:p,channel:i,heading:h,language:x};return {layout:"default",data:[{data:{content:[{component:"header",identifier:aA,id:"doc-1icvc483a0",content:{title:h,lead:v,author:"Erstellt im Auftrag der \u003Ca target=\"_blank\" href=\"https:\u002F\u002Fzkb-finance.mdgms.com\u002Fproducts\u002Fstp\u002Fcapital_barrier\u002Foverview.html?FI_ID_NOTATION=483055786\"\u003EZürcher Kantonalbank\u003C\u002Fa\u003E"},prevElement:a,nextElement:ad,firstContentElement:c},{component:"image",identifier:ad,id:"doc-1icvc806j2",content:{image:{originalUrl:aB,url:ae,mediaId:aC,key:aD,width:af,height:w,mimeType:ag,imageService:aE}},prevElement:aA,nextElement:f},{component:m,identifier:f,id:"doc-1icvc483a1",content:{text:"Wer zum Jahresauftakt in US-Aktien investiert hat, blickt auf ein erfreuliches Jahr zurück. Knapp 27% hat der US-Blue-Chip-Index S&P 500 seit Jahresbeginn gewonnen und überflügelt damit die Börsen anderer Industrieländer*. So hat der EuroStoxx 50 im gleichen Zeitraum 8.1% gewonnen, während der SMI 8.5% im Plus notiert. Eine Ursache für die Outperformance der amerikanischen Börsen sind die Technologiewerte, die vom Boom um die künstliche Intelligenz profitieren: Die Aktien der «Magnificent Seven» – Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia und Tesla – haben seit Jahresbeginn knapp 60% an Wert gewonnen, wie sich am Bloomberg Magnificent 7 Total Return Index ablesen lässt."},prevElement:ad,nextElement:ah},{id:"doc-d387e894",identifier:ah,prevElement:f,nextElement:ai},{id:"doc-4ced13b2",identifier:ai,paidContent:c,prevElement:ah,nextElement:f},{component:m,identifier:f,id:"doc-1icvc9qjf0",content:{text:"Auslöser für die jüngste Rally an der Wallstreet war die Wahl von Donald Trump zum 47. Präsidenten der Vereinigten Staaten anfangs November. In den darauffolgenden Tagen kletterte der S&P 500 um bis zu 5% und schloss erstmals in seiner Geschichte über der Marke von 6000 Punkten."},paidContent:c,prevElement:ai,nextElement:f},{component:m,identifier:f,id:"doc-1icvc9u8o0",content:{text:"Ob sich dieser Höhenflug auch in den kommenden Monaten fortsetzen wird, ist jedoch ungewiss. Für Anlegerinnen und Anleger, die der Börsenrally nicht ganz trauen, aber dennoch am Aufwärtspotenzial der US-Börsen partizipieren möchten, kann das ZKB Kapitalschutz-Zertifikat auf den S&P 500 daher interessant sein. Bei dem kapitalgeschützten Produkt handelt es sich um eine sogenannte Shark Note, die ihren Namen dem Auszahlungsprofil verdankt, das an die Rückenflosse eines Hais erinnert. Neben einem Kapitalschutz von 100% ist die Shark Note auf den S&P 500 mit einer Knock-out-Barriere von 120% sowie einem Rebate von 5% ausgestattet. Wie die einzelnen Komponenten zusammenspielen, wird im Folgenden erläutert:"},paidContent:c,prevElement:f,nextElement:j},{component:aj,identifier:j,id:"doc-1icvca0p70",content:{title:"100% Kapitalschutz per Verfall",id:"subtitle-100-kapitalschutz-per-verfall"},contentTable:b,paidContent:c,prevElement:f,nextElement:f},{component:m,identifier:f,id:"doc-1icvcagkt0",content:{text:"Der Kapitalschutz beträgt 100% des Nominalwerts des Produkts und gilt per Verfall. Während der Laufzeit kann es wie bei Obligationen zu Kursschwankungen kommen und die Produktnotierung kann unter das Kapitalschutzniveau fallen. Anlegerinnen und Anleger partizipieren vollumfänglich an der Aufwärtsbewegung des S&P 500, sofern die Knock-out-Barriere während der Laufzeit nicht erreicht wird. Das Aufwärtspotenzial ist somit begrenzt, im Gegenzug ist das eingesetzte Kapital im Vergleich zu einer Direktanlage in den Index geschützt."},paidContent:c,prevElement:j,nextElement:j},{component:aj,identifier:j,id:"doc-1icvcancq0",content:{title:"Limitierte Partizipation: Knock-Out-Barriere",id:"subtitle-limitierte-partizipation-knock-out-barriere"},contentTable:b,paidContent:c,prevElement:f,nextElement:f},{component:m,identifier:f,id:"doc-1icvcart40",content:{text:"Anlegerinnen und Anleger nehmen vollumfänglich an den Kursgewinnen des S&P 500 teil, allerdings ist die Partizipation begrenzt. Hier kommt die Knock-out-Barriere ins Spiel, die beim vorliegenden Produkt bei 120% (gemessen am Initial Fixing) liegt: Überschreitet der Kurs des S&P 500 während der Laufzeit diese Barriere, entfällt die Partizipation an den Kursgewinnen des Index. Der Kapitalschutz per Verfall bleibt bestehen, zusätzlich erhalten Anlegerinnen und Anleger im Falle eines Knock-outs einen Rebate von 5%."},paidContent:c,prevElement:j,nextElement:j},{component:aj,identifier:j,id:"doc-1icvcb2tl0",content:{title:"Attraktives Zusatzmerkmal: Rebate",id:"subtitle-attraktives-zusatzmerkmal-rebate"},contentTable:b,paidContent:c,prevElement:f,nextElement:f},{component:m,identifier:f,id:"doc-1icvcbb130",content:{text:"Der Rebate ist vergleichbar mit einer Couponzahlung und wird ausgelöst, wenn der S&P 500 während der Laufzeit die Knock-out-Barriere von 120% überschreitet. In diesem Fall entspricht die Rückzahlung am Laufzeitende dem eingesetzten Kapital zuzüglich des Rebates von 5%. Damit erzielen Anlegerinnen und Anleger auch dann eine Rendite, wenn ein Knock-out-Ereignis eingetreten ist und sie daher nicht mehr an der Wertentwicklung des Basiswerts partizipieren können. Wird die Knock-out-Barriere nicht berührt, entfällt der Rebate."},paidContent:c,prevElement:j,nextElement:f},{component:m,identifier:f,id:"doc-1icvcbkmd0",content:{text:"Das \u003Ca target=\"_blank\" rel=\"nofollow\" href=\"https:\u002F\u002Fzkb-finance.mdgms.com\u002Fproducts\u002Fstp\u002Fcapital_barrier\u002Foverview.html?FI_ID_NOTATION=483055786\"\u003EZKB Kapitalschutz-Zertifikat auf den S&P 500\u003C\u002Fa\u003E eignet sich für Anlegerinnen und Anleger, die dem S&P 500 eine Aufwärtsbewegung zutrauen, aber kein Kursfeuerwerk in den kommenden Monaten erwarten und gleichzeitig das Risiko eines Kapitalverlustes ausschliessen möchten. Nicht geeignet ist das Produkt hingegen für Investorinnen und Investoren, die einen steilen Anstieg des S&P 500 oder temporäre Ausreisser nach oben erwarten. Entscheidend für den Investmententscheid sind immer die Erwartungen der Anlegerinnen und Anleger."},paidContent:c,prevElement:f,nextElement:o},{component:aF,identifier:o,id:"doc-1icvccc6a0",content:{text:"Das Produkt wird am Sekundärmarkt unter dem Valor 134141568 gehandelt.\u003Cbr\u003E\u003Cbr\u003E*Alle Performancedaten per 13. November 2024, inkl. Dividenden\u003Cbr\u003E\u003Cbr\u003E\u003Ca target=\"_blank\" rel=\"nofollow\" href=\"https:\u002F\u002Fzkb-finance.mdgms.com\u002Fproducts\u002Fstp\u002Fcapital_barrier\u002Foverview.html?FI_ID_NOTATION=483055786\"\u003EErfahren Sie mehr zum ZKB Kapitalschutzprodukt.\u003C\u002Fa\u003E"},paidContent:c,prevElement:f,nextElement:o},{component:aF,identifier:o,id:"doc-1icvcfguo0",content:{text:"\u003Cstrong\u003ERechtliche Hinweise\u003C\u002Fstrong\u003E\u003Cbr\u003E\u003Cbr\u003EDieses Dokument dient Werbezwecken. Dieses Dokument richtet sich an Investoren mit Wohnsitz\u002FSitz in der Schweiz. Dieses Dokument wurde von der Zürcher Kantonalbank mit geschäftsüblicher Sorgfalt erstellt. Sie bietet jedoch keine Gewähr für die Richtigkeit und Vollständigkeit der darin enthaltenen Informationen und lehnt jede Haftung ab, die sich aus der Verwendung des Dokumentes ergeben. Dieses Dokument ist weder ein Angebot zum Abschluss eines Vertrages noch eine Einladung zur Offertstellung für Produkte und Dienstleistungen. Es stellt kein Angebot und keine Empfehlung für den Erwerb, das Halten oder den Verkauf von Finanzinstrumenten dar. Dieses Dokument enthält allgemeine Informationen und berücksichtigt weder persönliche Anlageziele noch die finanzielle Situation oder besonderen Bedürfnisse eines spezifischen Empfängers. Der Empfänger sollte die Informationen vor einem Anlageentscheid sorgfältig auf ihre Vereinbarkeit mit seinen persönlichen Verhältnissen überprüfen. Für die Einschätzung juristischer, regulatorischer, steuerlicher und anderer Auswirkungen wird dem Empfänger empfohlen, sich durch Fachpersonen beraten zu lassen. Dieses Dokument stellt weder ein (Basis-)Prospekt noch endgültige Bedingungen oder ein Basisinformationsblatt dar. Der Basisprospekt, die endgültigen Bedingungen sowie ein allfälliges Basisinformationsblatt sind bei der Zürcher Kantonalbank, Bahnhofstrasse 9, 8001 Zürich, Abteilung VRIS sowie über www.zkb.ch\u002Ffinanzinformationen kostenlos erhältlich. Wir machen Sie darauf aufmerksam, dass Telefonate mit Handels- und Verkaufseinheiten der Zürcher Kantonalbank aufgezeichnet werden. Mit Ihrem Anruf stimmen Sie stillschweigend der Aufzeichnung zu.\u003Cbr\u003E\u003Cbr\u003E© 2024 Zürcher Kantonalbank. 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