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UBSClassicEURActive

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

Banca Monte dei Paschi di Siena / Commerzbank / Banca Popolare dell'Emilia Romagna / Banco Bilbao Vizcaya Argentaria S.A. (BBVA)

Coupon per period0.89%Monthly
Capital barrier50%At maturity
ObservationAug 25, 2026Coupon observations
MaturityJul 2, 2030Payment

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
Banca Monte dei Paschi di SienaBMPS · EUR10.9525.47650%00%10.952100%
CommerzbankCBK · EUR37.6318.81550%00%37.63100%
Banca Popolare dell'Emilia RomagnaBPE · EUR13.5686.78450%00%13.568100%
Banco Bilbao Vizcaya Argentaria S.A. (BBVA)BBVA · EUR21.6910.84550%00%21.69100%

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Observation calendars

Coupon observations · 48
ObservationLevel (% of strike)Payment
Jul 27, 2026Not availableJul 27, 2026
Aug 25, 2026Not availableAug 25, 2026
Sep 25, 2026Not availableSep 25, 2026
Oct 26, 2026Not availableOct 26, 2026
Nov 25, 2026Not availableNov 25, 2026
Dec 28, 2026Not availableDec 28, 2026
Jan 25, 2027Not availableJan 25, 2027
Feb 25, 2027Not availableFeb 25, 2027
Mar 25, 2027Not availableMar 25, 2027
Apr 26, 2027Not availableApr 26, 2027
May 25, 2027Not availableMay 25, 2027
Jun 25, 2027Not availableJun 25, 2027
Jul 26, 2027Not availableJul 26, 2027
Aug 25, 2027Not availableAug 25, 2027
Sep 27, 2027Not availableSep 27, 2027
Oct 25, 2027Not availableOct 25, 2027
Nov 25, 2027Not availableNov 25, 2027
Dec 27, 2027Not availableDec 27, 2027
Jan 25, 2028Not availableJan 25, 2028
Feb 25, 2028Not availableFeb 25, 2028
Mar 27, 2028Not availableMar 27, 2028
Apr 25, 2028Not availableApr 25, 2028
May 25, 2028Not availableMay 25, 2028
Jun 26, 2028Not availableJun 26, 2028
Jul 25, 2028Not availableJul 25, 2028
Aug 25, 2028Not availableAug 25, 2028
Sep 25, 2028Not availableSep 25, 2028
Oct 25, 2028Not availableOct 25, 2028
Nov 27, 2028Not availableNov 27, 2028
Dec 27, 2028Not availableDec 27, 2028
Jan 25, 2029Not availableJan 25, 2029
Feb 26, 2029Not availableFeb 26, 2029
Mar 26, 2029Not availableMar 26, 2029
Apr 25, 2029Not availableApr 25, 2029
May 25, 2029Not availableMay 25, 2029
Jun 25, 2029Not availableJun 25, 2029
Jul 25, 2029Not availableJul 25, 2029
Aug 27, 2029Not availableAug 27, 2029
Sep 25, 2029Not availableSep 25, 2029
Oct 25, 2029Not availableOct 25, 2029
Nov 26, 2029Not availableNov 26, 2029
Dec 27, 2029Not availableDec 27, 2029
Jan 25, 2030Not availableJan 25, 2030
Feb 25, 2030Not availableFeb 25, 2030
Mar 25, 2030Not availableMar 25, 2030
Apr 25, 2030Not availableApr 25, 2030
May 27, 2030Not availableMay 27, 2030
Jun 25, 2030Not availableJun 25, 2030
Autocall observations · 39
ObservationLevel (% of strike)Payment
Mar 25, 2027100%Not available
Apr 26, 202799%Not available
May 25, 202798%Not available
Jun 25, 202797%Not available
Jul 26, 202796%Not available
Aug 25, 202795%Not available
Sep 27, 202794%Not available
Oct 25, 202793%Not available
Nov 25, 202792%Not available
Dec 27, 202791%Not available
Jan 25, 202890%Not available
Feb 25, 202889%Not available
Mar 27, 202888%Not available
Apr 25, 202887%Not available
May 25, 202886%Not available
Jun 26, 202885%Not available
Jul 25, 202884%Not available
Aug 25, 202883%Not available
Sep 25, 202882%Not available
Oct 25, 202881%Not available
Nov 27, 202880%Not available
Dec 27, 202879%Not available
Jan 25, 202978%Not available
Feb 26, 202977%Not available
Mar 26, 202976%Not available
Apr 25, 202975%Not available
May 25, 202975%Not available
Jun 25, 202975%Not available
Jul 25, 202975%Not available
Aug 27, 202975%Not available
Sep 25, 202975%Not available
Oct 25, 202975%Not available
Nov 26, 202975%Not available
Dec 27, 202975%Not available
Jan 25, 203075%Not available
Feb 25, 203075%Not available
Mar 25, 203075%Not available
Apr 25, 203075%Not available
May 27, 203075%Not available