IT0005649840 · UniCredit
Phoenix Maxi Coupon WorstOf su ING Groep N.V., Novo Nordisk A/S-B, Stellantis N.V.
The maxi coupon is a separate payment. Its observation and payment dates are shown separately from any recurring coupons. Observation: Not available. Payment: Not available.
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
| Underlying | Strike | Capital barrier | Coupon barrier | Autocall |
|---|---|---|---|---|
| INGINGA · EUR | 18.1928 | 9.096450% | 9.096450% | 18.1928100% |
| Novo Nordisk A/SNOVOB · DKK | 435.25 | 217.62550% | 217.62550% | 435.25100% |
| StellantisFRSTLA · EUR | 8.509 | 4.254550% | 4.254550% | 8.509100% |
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Open in workspace ↗Observation calendars
Coupon observations · 12
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Sep 23, 2025 | 50% | Not available |
| Dec 23, 2025 | 50% | Not available |
| Mar 23, 2026 | 50% | Not available |
| Jun 23, 2026 | 50% | Not available |
| Sep 23, 2026 | 50% | Not available |
| Dec 23, 2026 | 50% | Not available |
| Mar 23, 2027 | 50% | Not available |
| Jun 23, 2027 | 50% | Not available |
| Sep 23, 2027 | 50% | Not available |
| Dec 23, 2027 | 50% | Not available |
| Mar 23, 2028 | 50% | Not available |
| Jun 23, 2028 | 50% | Not available |
Autocall observations · 8
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Jun 23, 2026 | 100% | Not available |
| Sep 23, 2026 | 100% | Not available |
| Dec 23, 2026 | 100% | Not available |
| Mar 23, 2027 | 100% | Not available |
| Jun 23, 2027 | 100% | Not available |
| Sep 23, 2027 | 100% | Not available |
| Dec 23, 2027 | 100% | Not available |
| Mar 23, 2028 | 100% | Not available |