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VontobelClassicEURActive

DE000VK9U209 · Vontobel

Multi Cash Collect con Barriera

Bayer / Eli Lilly / Moderna / Novo Nordisk A/S

Maxi coupon20%One-off payment
Capital barrier50%At maturity
ObservationNov 23, 2026Maxi coupon
MaturityJul 24, 2028Payment

The maxi coupon is a separate payment. Its observation and payment dates are shown separately from any recurring coupons. Observation: Sep 23, 2025. Payment: Sep 30, 2025.

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 (50% 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 · EUR29.07314.536550%14.536550%29.073100%
Eli LillyLLY · USD797.11398.55550%398.55550%797.11100%
ModernaMRNA · USD34.8217.4150%17.4150%34.82100%
Novo Nordisk A/SNOVOB · DKK448.4224.250%224.250%448.4100%

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Observation calendars

Coupon observations · 18
ObservationLevel (% of strike)Payment
Sep 23, 20251%Sep 30, 2025
Nov 21, 202550%Nov 28, 2025
Jan 23, 202650%Jan 30, 2026
Mar 24, 202650%Mar 31, 2026
May 22, 202650%May 29, 2026
Jul 24, 202650%Jul 31, 2026
Sep 23, 202650%Sep 30, 2026
Nov 23, 202650%Nov 30, 2026
Jan 22, 202750%Jan 29, 2027
Mar 22, 202750%Mar 31, 2027
May 24, 202750%May 31, 2027
Jul 23, 202750%Jul 30, 2027
Sep 23, 202750%Sep 30, 2027
Nov 23, 202750%Nov 30, 2027
Jan 24, 202850%Jan 31, 2028
Mar 24, 202850%Mar 31, 2028
May 24, 202850%May 31, 2028
Jul 24, 202850%Jul 31, 2028
Autocall observations · 16
ObservationLevel (% of strike)Payment
Nov 26, 2025100%Not available
Jan 26, 2026100%Not available
Mar 25, 2026100%Not available
May 25, 2026100%Not available
Jul 23, 2026100%Not available
Sep 23, 2026100%Not available
Nov 23, 2026100%Not available
Jan 22, 2027100%Not available
Mar 22, 2027100%Not available
May 24, 2027100%Not available
Jul 23, 2027100%Not available
Sep 23, 2027100%Not available
Nov 23, 2027100%Not available
Jan 24, 2028100%Not available
Mar 24, 2028100%Not available
May 24, 2028100%Not available