DE000UQ4T5E4 · UBS
Worst-of Express Certificate with Memory Coupon on DR ING HC F PORSCHE AG, Renault S.A. 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 97% 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 |
|---|---|---|---|---|
| RenaultRNO · EUR | 34.77 | 17.38550% | 00% | 33.726997% |
| Dr. Ing. h.c. F. Porsche AGP911P · EUR | 44.62 | 22.3150% | 00% | 43.281497% |
| VolkswagenVOW3 · EUR | 97.18 | 48.5950% | 00% | 94.264697% |
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Open in workspace ↗Observation calendars
Coupon observations · 36
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Dec 29, 2025 | Not available | Jan 6, 2026 |
| Jan 27, 2026 | Not available | Feb 3, 2026 |
| Feb 27, 2026 | Not available | Mar 6, 2026 |
| Mar 27, 2026 | Not available | Apr 7, 2026 |
| Apr 27, 2026 | Not available | May 5, 2026 |
| May 27, 2026 | Not available | Jun 3, 2026 |
| Jun 29, 2026 | Not available | Jul 6, 2026 |
| Jul 27, 2026 | Not available | Aug 3, 2026 |
| Aug 27, 2026 | Not available | Sep 3, 2026 |
| Sep 28, 2026 | Not available | Oct 5, 2026 |
| Oct 27, 2026 | Not available | Nov 3, 2026 |
| Nov 27, 2026 | Not available | Dec 4, 2026 |
| Dec 28, 2026 | Not available | Jan 5, 2027 |
| Jan 27, 2027 | Not available | Feb 3, 2027 |
| Mar 1, 2027 | Not available | Mar 8, 2027 |
| Mar 30, 2027 | Not available | Apr 6, 2027 |
| Apr 27, 2027 | Not available | May 4, 2027 |
| May 27, 2027 | Not available | Jun 3, 2027 |
| Jun 28, 2027 | Not available | Jul 5, 2027 |
| Jul 27, 2027 | Not available | Aug 3, 2027 |
| Aug 27, 2027 | Not available | Sep 3, 2027 |
| Sep 27, 2027 | Not available | Oct 4, 2027 |
| Oct 27, 2027 | Not available | Nov 3, 2027 |
| Nov 29, 2027 | Not available | Dec 6, 2027 |
| Dec 27, 2027 | Not available | Jan 3, 2028 |
| Jan 27, 2028 | Not available | Feb 3, 2028 |
| Feb 28, 2028 | Not available | Mar 6, 2028 |
| Mar 27, 2028 | Not available | Apr 3, 2028 |
| Apr 27, 2028 | Not available | May 5, 2028 |
| May 29, 2028 | Not available | Jun 5, 2028 |
| Jun 27, 2028 | Not available | Jul 4, 2028 |
| Jul 27, 2028 | Not available | Aug 3, 2028 |
| Aug 28, 2028 | Not available | Sep 4, 2028 |
| Sep 27, 2028 | Not available | Oct 4, 2028 |
| Oct 27, 2028 | Not available | Nov 3, 2028 |
| Nov 27, 2028 | Not available | Dec 4, 2028 |
Autocall observations · 30
| Observation | Level (% of strike) | Payment |
|---|---|---|
| May 27, 2026 | 100% | Jun 3, 2026 |
| Jun 29, 2026 | 99% | Jul 6, 2026 |
| Jul 27, 2026 | 98% | Aug 3, 2026 |
| Aug 27, 2026 | 97% | Sep 3, 2026 |
| Sep 28, 2026 | 96% | Oct 5, 2026 |
| Oct 27, 2026 | 95% | Nov 3, 2026 |
| Nov 27, 2026 | 94% | Dec 4, 2026 |
| Dec 28, 2026 | 93% | Jan 5, 2027 |
| Jan 27, 2027 | 92% | Feb 3, 2027 |
| Mar 1, 2027 | 91% | Mar 8, 2027 |
| Mar 30, 2027 | 90% | Apr 6, 2027 |
| Apr 27, 2027 | 89% | May 4, 2027 |
| May 27, 2027 | 88% | Jun 3, 2027 |
| Jun 28, 2027 | 87% | Jul 5, 2027 |
| Jul 27, 2027 | 86% | Aug 3, 2027 |
| Aug 27, 2027 | 85% | Sep 3, 2027 |
| Sep 27, 2027 | 84% | Oct 4, 2027 |
| Oct 27, 2027 | 83% | Nov 3, 2027 |
| Nov 29, 2027 | 82% | Dec 6, 2027 |
| Dec 27, 2027 | 81% | Jan 3, 2028 |
| Jan 27, 2028 | 80% | Feb 3, 2028 |
| Feb 28, 2028 | 79% | Mar 6, 2028 |
| Mar 27, 2028 | 78% | Apr 3, 2028 |
| Apr 27, 2028 | 77% | May 5, 2028 |
| May 29, 2028 | 76% | Jun 5, 2028 |
| Jun 27, 2028 | 75% | Jul 4, 2028 |
| Jul 27, 2028 | 74% | Aug 3, 2028 |
| Aug 28, 2028 | 73% | Sep 4, 2028 |
| Sep 27, 2028 | 72% | Oct 4, 2028 |
| Oct 27, 2028 | 71% | Nov 3, 2028 |