DE000UM4S5T2 · UBS
8.50% p.a. Worst-of Express Certificate with Memory Coupon on Banco BPM S.p.A., UniCredit S.p.A, Stellantis N.V. and Volkswagen AG VZ
How to read this structure
On the coupon observation dates, the conditional payment requires every underlying to be at or above the published coupon barrier (0% of its initial level).
The next published autocall level is 100% of the initial levels. Automatic redemption depends on every underlying being at or above its applicable level on the observation date. Later levels and dates are listed in the calendar.
These conditions do not describe every feature of the final repayment. The official documents define the complete payoff, costs, issuer risk, and any exceptions.
Underlyings and levels
| Underlying | Strike | Capital barrier | Coupon barrier | Autocall |
|---|---|---|---|---|
| UniCreditUCG · EUR | 36.42 | 23.67365% | 00% | 36.42100% |
| StellantisFRSTLA · EUR | 21.47 | 13.955565% | 00% | 21.47100% |
| VolkswagenVOW3 · EUR | 121.85 | 79.202565% | 00% | 121.85100% |
| Banco BPMBAMI · EUR | 6.402 | 4.161365% | 00% | 6.402100% |
Prices and distances require current market data. Open the workspace for market information and your personal tools.
Open in workspace ↗Observation calendars
Coupon observations · 20
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Aug 14, 2024 | Not available | Aug 14, 2024 |
| Nov 14, 2024 | Not available | Nov 14, 2024 |
| Feb 14, 2025 | Not available | Feb 14, 2025 |
| May 14, 2025 | Not available | May 14, 2025 |
| Aug 14, 2025 | Not available | Aug 14, 2025 |
| Nov 14, 2025 | Not available | Nov 14, 2025 |
| Feb 16, 2026 | Not available | Feb 16, 2026 |
| May 14, 2026 | Not available | May 14, 2026 |
| Aug 14, 2026 | Not available | Aug 14, 2026 |
| Nov 16, 2026 | Not available | Nov 16, 2026 |
| Feb 15, 2027 | Not available | Feb 15, 2027 |
| May 14, 2027 | Not available | May 14, 2027 |
| Aug 16, 2027 | Not available | Aug 16, 2027 |
| Nov 15, 2027 | Not available | Nov 15, 2027 |
| Feb 14, 2028 | Not available | Feb 14, 2028 |
| May 15, 2028 | Not available | May 15, 2028 |
| Aug 14, 2028 | Not available | Aug 14, 2028 |
| Nov 14, 2028 | Not available | Nov 14, 2028 |
| Feb 14, 2029 | Not available | Feb 14, 2029 |
| May 14, 2029 | Not available | May 14, 2029 |
Autocall observations · 16
| Observation | Level (% of strike) | Payment |
|---|---|---|
| May 14, 2025 | 100% | Not available |
| Aug 14, 2025 | 100% | Not available |
| Nov 14, 2025 | 100% | Not available |
| Feb 16, 2026 | 100% | Not available |
| May 14, 2026 | 100% | Not available |
| Aug 14, 2026 | 100% | Not available |
| Nov 16, 2026 | 100% | Not available |
| Feb 15, 2027 | 100% | Not available |
| May 14, 2027 | 100% | Not available |
| Aug 16, 2027 | 100% | Not available |
| Nov 15, 2027 | 100% | Not available |
| Feb 14, 2028 | 100% | Not available |
| May 15, 2028 | 100% | Not available |
| Aug 14, 2028 | 100% | Not available |
| Nov 14, 2028 | 100% | Not available |
| Feb 14, 2029 | 100% | Not available |