IT0006771270 · Marex
60m Wof Memory Phoenix Autocall on Intesa Sanpaolo SpA, Banco Bilbao Vizcaya Argentari, Credit Agricole SA, Banco BPM SpA in EUR
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 99% 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 |
|---|---|---|---|---|
| Intesa SanpaoloISP · EUR | 5.462 | 2.73150% | 2.73150% | 5.407499% |
| Banco Bilbao Vizcaya Argentaria S.A. (BBVA)BBVA · EUR | 17.295 | 8.647550% | 8.647550% | 17.122199% |
| Credit AgricoleCAGR · EUR | 16.355 | 8.177550% | 8.177550% | 16.191599% |
| Banco BPMBAMI · EUR | 12.315 | 6.157550% | 6.157550% | 12.191899% |
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Open in workspace ↗Observation calendars
Coupon observations · 60
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Nov 20, 2025 | 50% | Not available |
| Dec 22, 2025 | 50% | Not available |
| Jan 20, 2026 | 50% | Not available |
| Feb 20, 2026 | 50% | Not available |
| Mar 20, 2026 | 50% | Not available |
| Apr 20, 2026 | 50% | Not available |
| May 20, 2026 | 50% | Not available |
| Jun 22, 2026 | 50% | Not available |
| Jul 20, 2026 | 50% | Not available |
| Aug 20, 2026 | 50% | Not available |
| Sep 21, 2026 | 50% | Not available |
| Oct 20, 2026 | 50% | Not available |
| Nov 20, 2026 | 50% | Not available |
| Dec 21, 2026 | 50% | Not available |
| Jan 20, 2027 | 50% | Not available |
| Feb 22, 2027 | 50% | Not available |
| Mar 22, 2027 | 50% | Not available |
| Apr 20, 2027 | 50% | Not available |
| May 20, 2027 | 50% | Not available |
| Jun 21, 2027 | 50% | Not available |
| Jul 20, 2027 | 50% | Not available |
| Aug 20, 2027 | 50% | Not available |
| Sep 20, 2027 | 50% | Not available |
| Oct 20, 2027 | 50% | Not available |
| Nov 22, 2027 | 50% | Not available |
| Dec 20, 2027 | 50% | Not available |
| Jan 20, 2028 | 50% | Not available |
| Feb 21, 2028 | 50% | Not available |
| Mar 20, 2028 | 50% | Not available |
| Apr 20, 2028 | 50% | Not available |
| May 22, 2028 | 50% | Not available |
| Jun 20, 2028 | 50% | Not available |
| Jul 20, 2028 | 50% | Not available |
| Aug 21, 2028 | 50% | Not available |
| Sep 20, 2028 | 50% | Not available |
| Oct 20, 2028 | 50% | Not available |
| Nov 20, 2028 | 50% | Not available |
| Dec 20, 2028 | 50% | Not available |
| Jan 22, 2029 | 50% | Not available |
| Feb 20, 2029 | 50% | Not available |
| Mar 20, 2029 | 50% | Not available |
| Apr 20, 2029 | 50% | Not available |
| May 21, 2029 | 50% | Not available |
| Jun 20, 2029 | 50% | Not available |
| Jul 20, 2029 | 50% | Not available |
| Aug 20, 2029 | 50% | Not available |
| Sep 20, 2029 | 50% | Not available |
| Oct 22, 2029 | 50% | Not available |
| Nov 20, 2029 | 50% | Not available |
| Dec 20, 2029 | 50% | Not available |
| Jan 21, 2030 | 50% | Not available |
| Feb 20, 2030 | 50% | Not available |
| Mar 20, 2030 | 50% | Not available |
| Apr 23, 2030 | 50% | Not available |
| May 20, 2030 | 50% | Not available |
| Jun 20, 2030 | 50% | Not available |
| Jul 22, 2030 | 50% | Not available |
| Aug 20, 2030 | 50% | Not available |
| Sep 20, 2030 | 50% | Not available |
| Oct 21, 2030 | 50% | Not available |
Autocall observations · 53
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Jun 22, 2026 | 100% | Not available |
| Jul 20, 2026 | 99% | Not available |
| Aug 20, 2026 | 98% | Not available |
| Sep 21, 2026 | 97% | Not available |
| Oct 20, 2026 | 96% | Not available |
| Nov 20, 2026 | 95% | Not available |
| Dec 21, 2026 | 94% | Not available |
| Jan 20, 2027 | 93% | Not available |
| Feb 22, 2027 | 92% | Not available |
| Mar 22, 2027 | 91% | Not available |
| Apr 20, 2027 | 90% | Not available |
| May 20, 2027 | 89% | Not available |
| Jun 21, 2027 | 88% | Not available |
| Jul 20, 2027 | 87% | Not available |
| Aug 20, 2027 | 86% | Not available |
| Sep 20, 2027 | 85% | Not available |
| Oct 20, 2027 | 84% | Not available |
| Nov 22, 2027 | 83% | Not available |
| Dec 20, 2027 | 82% | Not available |
| Jan 20, 2028 | 81% | Not available |
| Feb 21, 2028 | 80% | Not available |
| Mar 20, 2028 | 79% | Not available |
| Apr 20, 2028 | 78% | Not available |
| May 22, 2028 | 77% | Not available |
| Jun 20, 2028 | 76% | Not available |
| Jul 20, 2028 | 75% | Not available |
| Aug 21, 2028 | 74% | Not available |
| Sep 20, 2028 | 73% | Not available |
| Oct 20, 2028 | 72% | Not available |
| Nov 20, 2028 | 71% | Not available |
| Dec 20, 2028 | 70% | Not available |
| Jan 22, 2029 | 69% | Not available |
| Feb 20, 2029 | 68% | Not available |
| Mar 20, 2029 | 67% | Not available |
| Apr 20, 2029 | 66% | Not available |
| May 21, 2029 | 65% | Not available |
| Jun 20, 2029 | 64% | Not available |
| Jul 20, 2029 | 63% | Not available |
| Aug 20, 2029 | 62% | Not available |
| Sep 20, 2029 | 61% | Not available |
| Oct 22, 2029 | 60% | Not available |
| Nov 20, 2029 | 59% | Not available |
| Dec 20, 2029 | 58% | Not available |
| Jan 21, 2030 | 57% | Not available |
| Feb 20, 2030 | 56% | Not available |
| Mar 20, 2030 | 55% | Not available |
| Apr 23, 2030 | 54% | Not available |
| May 20, 2030 | 53% | Not available |
| Jun 20, 2030 | 52% | Not available |
| Jul 22, 2030 | 51% | Not available |
| Aug 20, 2030 | 50% | Not available |
| Sep 20, 2030 | 50% | Not available |
| Oct 21, 2030 | 50% | Not available |