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DE000UQ23YT1 · UBS

Worst-of Express Certificate with Memory Coupon on Novo Nordisk A/S, Merck & Co., Inc. and CVS Health Corp

Merck & Co. / CVS / Novo Nordisk A/S

Coupon per period2.5%Quarterly
Capital barrier60%At maturity
ObservationNov 5, 2026Coupon observations
MaturityNov 12, 2030Payment

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).

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

UnderlyingStrikeCapital barrierCoupon barrierAutocall
Merck & Co.MRK · EUR84.3950.63460%00%84.39100%
CVSCVS · EUR78.5547.1360%00%78.55100%
Novo Nordisk A/SNOVOB · EUR301.05180.6360%00%301.05100%

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Observation calendars

Coupon observations · 20
ObservationLevel (% of strike)Payment
Feb 5, 2026Not availableFeb 12, 2026
May 5, 2026Not availableMay 12, 2026
Aug 5, 2026Not availableAug 12, 2026
Nov 5, 2026Not availableNov 12, 2026
Feb 5, 2027Not availableFeb 12, 2027
May 5, 2027Not availableMay 12, 2027
Aug 5, 2027Not availableAug 12, 2027
Nov 5, 2027Not availableNov 12, 2027
Feb 7, 2028Not availableFeb 14, 2028
May 5, 2028Not availableMay 12, 2028
Aug 7, 2028Not availableAug 14, 2028
Nov 6, 2028Not availableNov 13, 2028
Feb 5, 2029Not availableFeb 12, 2029
May 7, 2029Not availableMay 14, 2029
Aug 6, 2029Not availableAug 13, 2029
Nov 5, 2029Not availableNov 12, 2029
Feb 5, 2030Not availableFeb 12, 2030
May 6, 2030Not availableMay 13, 2030
Aug 5, 2030Not availableAug 12, 2030
Nov 5, 2030Not availableNov 12, 2030
Autocall observations · 0

No schedule available in the imported terms.