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DE000UQ3M121 · UBS

Worst-of Express Certificate with Memory Coupon on Ferrari NV and Banca Monte dei Paschi di Siena SpA

Ferrari / Banca Monte dei Paschi di Siena

Coupon per period2.29%Quarterly
Capital barrier100%At maturity
ObservationAug 28, 2026Coupon observations
MaturityDec 5, 2028Payment

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 (60% 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

UnderlyingStrikeCapital barrierCoupon barrierAutocall
FerrariRACE · EUR202.68202.68100%121.60860%202.68100%
Banca Monte dei Paschi di SienaBMPS · EUR4.89184.8918100%2.935160%4.8918100%

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Observation calendars

Coupon observations · 12
ObservationLevel (% of strike)Payment
Mar 2, 2026100%Mar 9, 2026
May 28, 2026100%Jun 4, 2026
Aug 28, 202660%Sep 4, 2026
Nov 30, 2026100%Dec 7, 2026
Mar 1, 2027100%Mar 8, 2027
May 28, 2027100%Jun 4, 2027
Aug 30, 2027100%Sep 6, 2027
Nov 29, 2027100%Dec 6, 2027
Feb 28, 2028Not availableMar 6, 2028
May 29, 2028Not availableJun 5, 2028
Aug 28, 2028Not availableSep 4, 2028
Nov 28, 2028Not availableDec 5, 2028
Autocall observations · 8
ObservationLevel (% of strike)Payment
Nov 30, 2026100%Dec 7, 2026
Mar 1, 2027100%Mar 8, 2027
May 28, 202760%Jun 4, 2027
Aug 30, 2027100%Sep 6, 2027
Nov 29, 2027100%Dec 6, 2027
Feb 28, 2028100%Mar 6, 2028
May 29, 2028100%Jun 5, 2028
Aug 28, 2028100%Sep 4, 2028