DE000WB1Q485 · UBS
Worst-of Express Certificate with Memory Coupon on GSK PLC, Merck & Co., Inc. and Eli Lilly and Company
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 |
|---|---|---|---|---|
| GlaxoSmithKlineGSK · EUR | Not available | Not available | Not available | Not available |
| Merck & Co.MRK · EUR | Not available | Not available | Not available | Not available |
| Eli LillyLLY · EUR | Not available | Not available | Not available | Not available |
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Open in workspace ↗Observation calendars
Coupon observations · 20
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Dec 21, 2026 | Not available | Dec 29, 2026 |
| Mar 22, 2027 | Not available | Mar 31, 2027 |
| Jun 21, 2027 | Not available | Jun 28, 2027 |
| Sep 21, 2027 | Not available | Sep 28, 2027 |
| Dec 21, 2027 | Not available | Dec 28, 2027 |
| Mar 21, 2028 | Not available | Mar 28, 2028 |
| Jun 21, 2028 | Not available | Jun 28, 2028 |
| Sep 21, 2028 | Not available | Sep 28, 2028 |
| Dec 21, 2028 | Not available | Jan 2, 2029 |
| Mar 21, 2029 | Not available | Mar 28, 2029 |
| Jun 21, 2029 | Not available | Jun 28, 2029 |
| Sep 21, 2029 | Not available | Sep 28, 2029 |
| Dec 21, 2029 | Not available | Jan 2, 2030 |
| Mar 21, 2030 | Not available | Mar 28, 2030 |
| Jun 21, 2030 | Not available | Jun 28, 2030 |
| Sep 23, 2030 | Not available | Sep 30, 2030 |
| Dec 23, 2030 | Not available | Jan 2, 2031 |
| Mar 21, 2031 | Not available | Mar 28, 2031 |
| Jun 23, 2031 | Not available | Jun 30, 2031 |
| Sep 22, 2031 | Not available | Sep 29, 2031 |
Autocall observations · 18
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Dec 21, 2026 | 100% | Not available |
| Mar 22, 2027 | 99% | Not available |
| Jun 21, 2027 | 98% | Not available |
| Sep 21, 2027 | 97% | Not available |
| Dec 21, 2027 | 96% | Not available |
| Mar 21, 2028 | 95% | Not available |
| Jun 21, 2028 | 94% | Not available |
| Sep 21, 2028 | 93% | Not available |
| Dec 21, 2028 | 92% | Not available |
| Mar 21, 2029 | 91% | Not available |
| Jun 21, 2029 | 90% | Not available |
| Sep 21, 2029 | 89% | Not available |
| Dec 21, 2029 | 88% | Not available |
| Mar 21, 2030 | 87% | Not available |
| Jun 21, 2030 | 86% | Not available |
| Sep 23, 2030 | 85% | Not available |
| Dec 23, 2030 | 84% | Not available |
| Mar 21, 2031 | 83% | Not available |