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IT0006771726 · Natixis

4Y - Phoenix Yeti on WO NKY SPX SX5E SMI

Euro STOXX 50 / SMI / NIKKEI 225 (JPY) / S&P 500

Coupon per period1.5%Quarterly
Capital barrier60%At maturity
ObservationAug 7, 2026Coupon observations
MaturityNov 16, 2029Payment

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 (60% 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
Euro STOXX 50SX5E · EUR5,566.533,339.91860%3,339.91860%5,566.53100%
SMISMI · EUR12,298.357,379.0160%7,379.0160%12,298.35100%
NIKKEI 225 (JPY)NKY · EUR50,276.3730,165.82260%30,165.82260%50,276.37100%
S&P 500SPX · EUR6,728.84,037.2860%4,037.2860%6,728.8100%

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Observation calendars

Coupon observations · 16
ObservationLevel (% of strike)Payment
Feb 9, 202660%Feb 18, 2026
May 7, 202660%May 18, 2026
Aug 7, 202660%Aug 18, 2026
Nov 9, 202660%Nov 18, 2026
Feb 8, 202760%Feb 17, 2027
May 7, 202760%May 18, 2027
Aug 9, 202760%Aug 18, 2027
Nov 8, 202760%Nov 17, 2027
Feb 7, 202860%Feb 16, 2028
May 8, 202860%May 17, 2028
Aug 7, 202860%Aug 16, 2028
Nov 7, 202860%Nov 16, 2028
Feb 7, 202960%Feb 16, 2029
May 7, 202960%May 16, 2029
Aug 7, 202960%Aug 16, 2029
Nov 7, 202960%Nov 16, 2029
Autocall observations · 12
ObservationLevel (% of strike)Payment
Nov 9, 2026100%Nov 18, 2026
Feb 8, 202799%Feb 17, 2027
May 7, 202798%May 18, 2027
Aug 9, 202797%Aug 18, 2027
Nov 8, 202796%Nov 17, 2027
Feb 7, 202895%Feb 16, 2028
May 8, 202894%May 17, 2028
Aug 7, 202893%Aug 16, 2028
Nov 7, 202892%Nov 16, 2028
Feb 7, 202991%Feb 16, 2029
May 7, 202990%May 16, 2029
Aug 7, 202989%Aug 16, 2029