DE000WA55Q57 · UBS
Worst-of Express Certificate with Memory Coupon on BPER Banca S.p.A., BANCA MONTE DEI PASCHI DI SIENA SPA, Banco Bilbao Vizcaya Argentaria S.A. and Commerzbank AG
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
| Underlying | Strike | Capital barrier | Coupon barrier | Autocall |
|---|---|---|---|---|
| Banca Monte dei Paschi di SienaBMPS · EUR | 10.952 | 5.47650% | 00% | 10.952100% |
| CommerzbankCBK · EUR | 37.63 | 18.81550% | 00% | 37.63100% |
| Banca Popolare dell'Emilia RomagnaBPE · EUR | 13.568 | 6.78450% | 00% | 13.568100% |
| Banco Bilbao Vizcaya Argentaria S.A. (BBVA)BBVA · EUR | 21.69 | 10.84550% | 00% | 21.69100% |
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Open in workspace ↗Observation calendars
Coupon observations · 48
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Jul 27, 2026 | Not available | Jul 27, 2026 |
| Aug 25, 2026 | Not available | Aug 25, 2026 |
| Sep 25, 2026 | Not available | Sep 25, 2026 |
| Oct 26, 2026 | Not available | Oct 26, 2026 |
| Nov 25, 2026 | Not available | Nov 25, 2026 |
| Dec 28, 2026 | Not available | Dec 28, 2026 |
| Jan 25, 2027 | Not available | Jan 25, 2027 |
| Feb 25, 2027 | Not available | Feb 25, 2027 |
| Mar 25, 2027 | Not available | Mar 25, 2027 |
| Apr 26, 2027 | Not available | Apr 26, 2027 |
| May 25, 2027 | Not available | May 25, 2027 |
| Jun 25, 2027 | Not available | Jun 25, 2027 |
| Jul 26, 2027 | Not available | Jul 26, 2027 |
| Aug 25, 2027 | Not available | Aug 25, 2027 |
| Sep 27, 2027 | Not available | Sep 27, 2027 |
| Oct 25, 2027 | Not available | Oct 25, 2027 |
| Nov 25, 2027 | Not available | Nov 25, 2027 |
| Dec 27, 2027 | Not available | Dec 27, 2027 |
| Jan 25, 2028 | Not available | Jan 25, 2028 |
| Feb 25, 2028 | Not available | Feb 25, 2028 |
| Mar 27, 2028 | Not available | Mar 27, 2028 |
| Apr 25, 2028 | Not available | Apr 25, 2028 |
| May 25, 2028 | Not available | May 25, 2028 |
| Jun 26, 2028 | Not available | Jun 26, 2028 |
| Jul 25, 2028 | Not available | Jul 25, 2028 |
| Aug 25, 2028 | Not available | Aug 25, 2028 |
| Sep 25, 2028 | Not available | Sep 25, 2028 |
| Oct 25, 2028 | Not available | Oct 25, 2028 |
| Nov 27, 2028 | Not available | Nov 27, 2028 |
| Dec 27, 2028 | Not available | Dec 27, 2028 |
| Jan 25, 2029 | Not available | Jan 25, 2029 |
| Feb 26, 2029 | Not available | Feb 26, 2029 |
| Mar 26, 2029 | Not available | Mar 26, 2029 |
| Apr 25, 2029 | Not available | Apr 25, 2029 |
| May 25, 2029 | Not available | May 25, 2029 |
| Jun 25, 2029 | Not available | Jun 25, 2029 |
| Jul 25, 2029 | Not available | Jul 25, 2029 |
| Aug 27, 2029 | Not available | Aug 27, 2029 |
| Sep 25, 2029 | Not available | Sep 25, 2029 |
| Oct 25, 2029 | Not available | Oct 25, 2029 |
| Nov 26, 2029 | Not available | Nov 26, 2029 |
| Dec 27, 2029 | Not available | Dec 27, 2029 |
| Jan 25, 2030 | Not available | Jan 25, 2030 |
| Feb 25, 2030 | Not available | Feb 25, 2030 |
| Mar 25, 2030 | Not available | Mar 25, 2030 |
| Apr 25, 2030 | Not available | Apr 25, 2030 |
| May 27, 2030 | Not available | May 27, 2030 |
| Jun 25, 2030 | Not available | Jun 25, 2030 |
Autocall observations · 39
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Mar 25, 2027 | 100% | Not available |
| Apr 26, 2027 | 99% | Not available |
| May 25, 2027 | 98% | Not available |
| Jun 25, 2027 | 97% | Not available |
| Jul 26, 2027 | 96% | Not available |
| Aug 25, 2027 | 95% | Not available |
| Sep 27, 2027 | 94% | Not available |
| Oct 25, 2027 | 93% | Not available |
| Nov 25, 2027 | 92% | Not available |
| Dec 27, 2027 | 91% | Not available |
| Jan 25, 2028 | 90% | Not available |
| Feb 25, 2028 | 89% | Not available |
| Mar 27, 2028 | 88% | Not available |
| Apr 25, 2028 | 87% | Not available |
| May 25, 2028 | 86% | Not available |
| Jun 26, 2028 | 85% | Not available |
| Jul 25, 2028 | 84% | Not available |
| Aug 25, 2028 | 83% | Not available |
| Sep 25, 2028 | 82% | Not available |
| Oct 25, 2028 | 81% | Not available |
| Nov 27, 2028 | 80% | Not available |
| Dec 27, 2028 | 79% | Not available |
| Jan 25, 2029 | 78% | Not available |
| Feb 26, 2029 | 77% | Not available |
| Mar 26, 2029 | 76% | Not available |
| Apr 25, 2029 | 75% | Not available |
| May 25, 2029 | 75% | Not available |
| Jun 25, 2029 | 75% | Not available |
| Jul 25, 2029 | 75% | Not available |
| Aug 27, 2029 | 75% | Not available |
| Sep 25, 2029 | 75% | Not available |
| Oct 25, 2029 | 75% | Not available |
| Nov 26, 2029 | 75% | Not available |
| Dec 27, 2029 | 75% | Not available |
| Jan 25, 2030 | 75% | Not available |
| Feb 25, 2030 | 75% | Not available |
| Mar 25, 2030 | 75% | Not available |
| Apr 25, 2030 | 75% | Not available |
| May 27, 2030 | 75% | Not available |