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DE000UQ780G1 · UBS

Worst-of Express Certificate with Memory Coupon on Bayer AG and Novo Nordisk A/S

Bayer / Novo Nordisk A/S

Coupon per period0.88%Monthly
Capital barrier45.0001%At maturity
ObservationSep 4, 2026Coupon observations
MaturityMar 12, 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
BayerBAYN · EUR45.98520.693345.0001%00%45.985100%
Novo Nordisk A/SNOVOB · EUR310.6139.770345.0001%00%310.6100%

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Observation calendars

Coupon observations · 36
ObservationLevel (% of strike)Payment
Apr 7, 20260%Apr 14, 2026
May 4, 20260%May 11, 2026
Jun 4, 20260%Jun 11, 2026
Jul 6, 20260%Jul 13, 2026
Aug 4, 20260%Aug 11, 2026
Sep 4, 20260%Sep 11, 2026
Oct 5, 202645%Oct 12, 2026
Nov 4, 202645%Nov 11, 2026
Dec 4, 202645%Dec 11, 2026
Jan 4, 202745%Jan 11, 2027
Feb 4, 202745%Feb 11, 2027
Mar 4, 202745%Mar 11, 2027
Apr 5, 202745%Apr 12, 2027
May 4, 202745%May 11, 2027
Jun 4, 202745%Jun 11, 2027
Jul 5, 202745%Jul 12, 2027
Aug 4, 202745%Aug 11, 2027
Sep 6, 202745%Sep 13, 2027
Oct 4, 202745%Oct 11, 2027
Nov 4, 202745%Nov 11, 2027
Dec 6, 202745%Dec 13, 2027
Jan 4, 202845%Jan 11, 2028
Feb 4, 202845%Feb 11, 2028
Mar 6, 202845%Mar 13, 2028
Apr 4, 202845%Apr 11, 2028
May 4, 202845%May 11, 2028
Jun 6, 202845%Jun 13, 2028
Jul 4, 202845%Jul 11, 2028
Aug 4, 202845%Aug 11, 2028
Sep 4, 202845%Sep 11, 2028
Oct 4, 202845%Oct 11, 2028
Nov 6, 202845%Nov 13, 2028
Dec 4, 202845%Dec 11, 2028
Jan 4, 202945%Jan 11, 2029
Feb 5, 202945%Feb 12, 2029
Mar 5, 202945%Mar 12, 2029
Autocall observations · 30
ObservationLevel (% of strike)Payment
Sep 4, 2026100%Sep 11, 2026
Oct 5, 202699%Oct 12, 2026
Nov 4, 202698%Nov 11, 2026
Dec 4, 202697%Dec 11, 2026
Jan 4, 202796%Jan 11, 2027
Feb 4, 202795%Feb 11, 2027
Mar 4, 202794%Mar 11, 2027
Apr 5, 202793%Apr 12, 2027
May 4, 202792%May 11, 2027
Jun 4, 202791%Jun 11, 2027
Jul 5, 202790%Jul 12, 2027
Aug 4, 202789%Aug 11, 2027
Sep 6, 202788%Sep 13, 2027
Oct 4, 202787%Oct 11, 2027
Nov 4, 202786%Nov 11, 2027
Dec 6, 202785%Dec 13, 2027
Jan 4, 202884%Jan 11, 2028
Feb 4, 202883%Feb 11, 2028
Mar 6, 202882%Mar 13, 2028
Apr 4, 202881%Apr 11, 2028
May 4, 202880%May 11, 2028
Jun 6, 202879%Jun 13, 2028
Jul 4, 202878%Jul 11, 2028
Aug 4, 202877%Aug 11, 2028
Sep 4, 202876%Sep 11, 2028
Oct 4, 202875%Oct 11, 2028
Nov 6, 202874%Nov 13, 2028
Dec 4, 202873%Dec 11, 2028
Jan 4, 202972%Jan 11, 2029
Feb 5, 202971%Feb 12, 2029