DE000WA8DFD1 · UBS
Worst-of Express Certificate with Memory Coupon on Banco Bilbao Vizcaya Argentaria S.A., Banco Santander S.A. and Caixabank S.A.
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 |
|---|---|---|---|---|
| CAIXABANKCABK · EUR | 6.2825 | 6.2825100% | 00% | 6.2825100% |
| Banco SantanderSAN · EUR | 6.159 | 6.159100% | 00% | 6.159100% |
| Banco Bilbao Vizcaya Argentaria S.A. (BBVA)BBVA · EUR | 12.1 | 12.1100% | 00% | 12.1100% |
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Open in workspace ↗Observation calendars
Coupon observations · 36
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Sep 21, 2026 | Not available | Sep 28, 2026 |
| Oct 19, 2026 | Not available | Oct 26, 2026 |
| Nov 19, 2026 | Not available | Nov 26, 2026 |
| Dec 22, 2026 | Not available | Dec 29, 2026 |
| Jan 19, 2027 | Not available | Jan 26, 2027 |
| Feb 19, 2027 | Not available | Feb 26, 2027 |
| Mar 19, 2027 | 50% | Mar 30, 2027 |
| Apr 19, 2027 | 50% | Apr 26, 2027 |
| May 19, 2027 | 50% | May 26, 2027 |
| Jun 21, 2027 | 50% | Jun 28, 2027 |
| Jul 19, 2027 | 50% | Jul 26, 2027 |
| Aug 19, 2027 | 50% | Aug 26, 2027 |
| Sep 20, 2027 | 50% | Sep 27, 2027 |
| Oct 19, 2027 | 50% | Oct 26, 2027 |
| Nov 19, 2027 | 50% | Nov 26, 2027 |
| Dec 20, 2027 | 50% | Dec 27, 2027 |
| Jan 19, 2028 | 50% | Jan 26, 2028 |
| Feb 21, 2028 | 50% | Feb 28, 2028 |
| Mar 20, 2028 | 50% | Mar 27, 2028 |
| Apr 19, 2028 | 50% | Apr 26, 2028 |
| May 19, 2028 | 50% | May 26, 2028 |
| Jun 19, 2028 | 50% | Jun 26, 2028 |
| Jul 19, 2028 | 50% | Jul 26, 2028 |
| Aug 21, 2028 | 50% | Aug 28, 2028 |
| Sep 19, 2028 | 50% | Sep 26, 2028 |
| Oct 19, 2028 | 50% | Oct 26, 2028 |
| Nov 20, 2028 | 50% | Nov 27, 2028 |
| Dec 19, 2028 | 50% | Dec 28, 2028 |
| Jan 19, 2029 | 50% | Jan 26, 2029 |
| Feb 19, 2029 | 50% | Feb 26, 2029 |
| Mar 19, 2029 | 50% | Mar 26, 2029 |
| Apr 19, 2029 | 50% | Apr 26, 2029 |
| May 21, 2029 | 50% | May 28, 2029 |
| Jun 19, 2029 | 50% | Jun 26, 2029 |
| Jul 19, 2029 | 50% | Jul 26, 2029 |
| Aug 20, 2029 | 50% | Aug 27, 2029 |
Autocall observations · 30
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Feb 19, 2027 | 100% | Not available |
| Mar 19, 2027 | 99% | Not available |
| Apr 19, 2027 | 98% | Not available |
| May 19, 2027 | 97% | Not available |
| Jun 21, 2027 | 96% | Not available |
| Jul 19, 2027 | 95% | Not available |
| Aug 19, 2027 | 94% | Not available |
| Sep 20, 2027 | 93% | Not available |
| Oct 19, 2027 | 92% | Not available |
| Nov 19, 2027 | 91% | Not available |
| Dec 20, 2027 | 90% | Not available |
| Jan 19, 2028 | 89% | Not available |
| Feb 21, 2028 | 88% | Not available |
| Mar 20, 2028 | 87% | Not available |
| Apr 19, 2028 | 86% | Not available |
| May 19, 2028 | 85% | Not available |
| Jun 19, 2028 | 84% | Not available |
| Jul 19, 2028 | 83% | Not available |
| Aug 21, 2028 | 82% | Not available |
| Sep 19, 2028 | 81% | Not available |
| Oct 19, 2028 | 80% | Not available |
| Nov 20, 2028 | 79% | Not available |
| Dec 19, 2028 | 78% | Not available |
| Jan 19, 2029 | 77% | Not available |
| Feb 19, 2029 | 76% | Not available |
| Mar 19, 2029 | 75% | Not available |
| Apr 19, 2029 | 74% | Not available |
| May 21, 2029 | 73% | Not available |
| Jun 19, 2029 | 72% | Not available |
| Jul 19, 2029 | 71% | Not available |