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DE000UQ5E3S5 · UBS

Worst-of Express Certificate with Memory Coupon on A2A S.p.A., ENGIE and Iberdrola S.A.

A2A / IBERDROLA / Engie

Coupon per period0.64%Monthly
Capital barrier60%At maturity
ObservationAug 26, 2026Coupon observations
MaturityJan 2, 2029Payment

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

UnderlyingStrikeCapital barrierCoupon barrierAutocall
A2AEAM · EUR2.2991.379460%00%2.299100%
IBERDROLAIBE · EUR17.8810.72860%00%17.88100%
EngieENGI · EUR21.713.0260%00%21.7100%

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Observation calendars

Coupon observations · 36
ObservationLevel (% of strike)Payment
Jan 26, 20260%Feb 2, 2026
Feb 23, 20260%Mar 2, 2026
Mar 26, 20260%Apr 2, 2026
Apr 24, 20260%May 4, 2026
May 26, 20260%Jun 2, 2026
Jun 25, 20260%Jul 2, 2026
Jul 27, 20260%Aug 3, 2026
Aug 26, 20260%Sep 2, 2026
Sep 25, 20260%Oct 2, 2026
Oct 26, 20260%Nov 2, 2026
Nov 25, 20260%Dec 2, 2026
Dec 23, 20260%Jan 4, 2027
Jan 26, 202760%Feb 2, 2027
Feb 23, 202760%Mar 2, 2027
Mar 24, 202760%Apr 2, 2027
Apr 26, 202760%May 3, 2027
May 26, 202760%Jun 2, 2027
Jun 25, 202760%Jul 2, 2027
Jul 26, 202760%Aug 2, 2027
Aug 26, 202760%Sep 2, 2027
Sep 27, 202760%Oct 4, 2027
Oct 26, 202760%Nov 2, 2027
Nov 25, 202760%Dec 2, 2027
Dec 27, 202760%Jan 3, 2028
Jan 26, 202860%Feb 2, 2028
Feb 24, 202860%Mar 2, 2028
Mar 27, 202860%Apr 3, 2028
Apr 24, 202860%May 2, 2028
May 26, 202860%Jun 2, 2028
Jun 26, 202860%Jul 3, 2028
Jul 26, 202860%Aug 2, 2028
Aug 28, 202860%Sep 4, 2028
Sep 25, 202860%Oct 2, 2028
Oct 26, 202860%Nov 2, 2028
Nov 27, 202860%Dec 4, 2028
Dec 21, 202860%Jan 2, 2029
Autocall observations · 24
ObservationLevel (% of strike)Payment
Dec 23, 2026100%Jan 4, 2027
Jan 26, 202799%Feb 2, 2027
Feb 23, 202798%Mar 2, 2027
Mar 24, 202797%Apr 2, 2027
Apr 26, 202796%May 3, 2027
May 26, 202795%Jun 2, 2027
Jun 25, 202794%Jul 2, 2027
Jul 26, 202793%Aug 2, 2027
Aug 26, 202792%Sep 2, 2027
Sep 27, 202791%Oct 4, 2027
Oct 26, 202790%Nov 2, 2027
Nov 25, 202789%Dec 2, 2027
Dec 27, 202788%Jan 3, 2028
Jan 26, 202887%Feb 2, 2028
Feb 24, 202886%Mar 2, 2028
Mar 27, 202885%Apr 3, 2028
Apr 24, 202884%May 2, 2028
May 26, 202883%Jun 2, 2028
Jun 26, 202882%Jul 3, 2028
Jul 26, 202881%Aug 2, 2028
Aug 28, 202880%Sep 4, 2028
Sep 25, 202879%Oct 2, 2028
Oct 26, 202878%Nov 2, 2028
Nov 27, 202877%Dec 4, 2028