DE000UQ2KMZ2 · UBS
Worst-of Express Certificate with Memory Coupon on worst of EURO STOXX® Banks (Price) Index, iShares China Large-Cap ETF, Nikkei 225 and Standard & Poor's 500® Index
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 |
|---|---|---|---|---|
| NIKKEI 225 (JPY)JP9010C00002 · EUR | 40.41 | 24.24660% | 00% | 40.41100% |
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Open in workspace ↗Observation calendars
Coupon observations · 36
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Nov 25, 2025 | Not available | Dec 2, 2025 |
| Dec 23, 2025 | Not available | Jan 2, 2026 |
| Jan 23, 2026 | Not available | Jan 30, 2026 |
| Feb 24, 2026 | Not available | Mar 3, 2026 |
| Mar 23, 2026 | Not available | Mar 30, 2026 |
| Apr 23, 2026 | Not available | Apr 30, 2026 |
| May 26, 2026 | Not available | Jun 2, 2026 |
| Jun 23, 2026 | Not available | Jun 30, 2026 |
| Jul 23, 2026 | Not available | Jul 30, 2026 |
| Aug 24, 2026 | Not available | Aug 31, 2026 |
| Sep 24, 2026 | Not available | Oct 1, 2026 |
| Oct 23, 2026 | Not available | Oct 30, 2026 |
| Nov 24, 2026 | Not available | Dec 1, 2026 |
| Dec 23, 2026 | Not available | Dec 31, 2026 |
| Jan 25, 2027 | Not available | Feb 1, 2027 |
| Feb 24, 2027 | Not available | Mar 3, 2027 |
| Mar 23, 2027 | Not available | Apr 1, 2027 |
| Apr 23, 2027 | Not available | Apr 30, 2027 |
| May 24, 2027 | Not available | May 31, 2027 |
| Jun 23, 2027 | Not available | Jun 30, 2027 |
| Jul 23, 2027 | Not available | Jul 30, 2027 |
| Aug 23, 2027 | Not available | Aug 30, 2027 |
| Sep 24, 2027 | Not available | Oct 1, 2027 |
| Oct 25, 2027 | Not available | Nov 1, 2027 |
| Nov 24, 2027 | Not available | Dec 1, 2027 |
| Dec 23, 2027 | Not available | Dec 30, 2027 |
| Jan 24, 2028 | Not available | Jan 31, 2028 |
| Feb 24, 2028 | Not available | Mar 2, 2028 |
| Mar 23, 2028 | Not available | Mar 30, 2028 |
| Apr 24, 2028 | Not available | May 2, 2028 |
| May 23, 2028 | Not available | May 30, 2028 |
| Jun 23, 2028 | Not available | Jun 30, 2028 |
| Jul 24, 2028 | Not available | Jul 31, 2028 |
| Aug 23, 2028 | Not available | Aug 30, 2028 |
| Sep 25, 2028 | Not available | Oct 2, 2028 |
| Oct 23, 2028 | Not available | Oct 30, 2028 |
Autocall observations · 24
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Oct 23, 2026 | 100% | Oct 30, 2026 |
| Nov 24, 2026 | 99% | Dec 1, 2026 |
| Dec 23, 2026 | 98% | Dec 31, 2026 |
| Jan 25, 2027 | 97% | Feb 1, 2027 |
| Feb 24, 2027 | 96% | Mar 3, 2027 |
| Mar 23, 2027 | 95% | Apr 1, 2027 |
| Apr 23, 2027 | 94% | Apr 30, 2027 |
| May 24, 2027 | 93% | May 31, 2027 |
| Jun 23, 2027 | 92% | Jun 30, 2027 |
| Jul 23, 2027 | 91% | Jul 30, 2027 |
| Aug 23, 2027 | 90% | Aug 30, 2027 |
| Sep 24, 2027 | 89% | Oct 1, 2027 |
| Oct 25, 2027 | 88% | Nov 1, 2027 |
| Nov 24, 2027 | 87% | Dec 1, 2027 |
| Dec 23, 2027 | 86% | Dec 30, 2027 |
| Jan 24, 2028 | 85% | Jan 31, 2028 |
| Feb 24, 2028 | 84% | Mar 2, 2028 |
| Mar 23, 2028 | 83% | Mar 30, 2028 |
| Apr 24, 2028 | 82% | May 2, 2028 |
| May 23, 2028 | 81% | May 30, 2028 |
| Jun 23, 2028 | 80% | Jun 30, 2028 |
| Jul 24, 2028 | 79% | Jul 31, 2028 |
| Aug 23, 2028 | 78% | Aug 30, 2028 |
| Sep 25, 2028 | 77% | Oct 2, 2028 |