IT0006772039 · Marex
43m Wof Memory Phoenix Autocall on UnitedHealth Group Inc, Zurich Insurance Group AG, Nestle SA, Deutsche Telekom AG 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 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 |
|---|---|---|---|---|
| UnitedHealthUNH · USD | 329.77 | 164.88550% | 164.88550% | 329.77100% |
| Zurich InsuranceZURN · CHF | 577.2 | 288.650% | 288.650% | 577.2100% |
| NestléNESN · CHF | 79.83 | 39.91550% | 39.91550% | 79.83100% |
| Deutsche Telekom AGDTE · EUR | 27.76 | 13.8850% | 13.8850% | 27.76100% |
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Open in workspace ↗Observation calendars
Coupon observations · 42
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Dec 29, 2025 | 50% | Not available |
| Jan 28, 2026 | 50% | Not available |
| Mar 2, 2026 | 50% | Not available |
| Mar 30, 2026 | 50% | Not available |
| Apr 28, 2026 | 50% | Not available |
| May 28, 2026 | 50% | Not available |
| Jun 29, 2026 | 50% | Not available |
| Jul 28, 2026 | 50% | Not available |
| Aug 28, 2026 | 50% | Not available |
| Sep 28, 2026 | 50% | Not available |
| Oct 28, 2026 | 50% | Not available |
| Nov 30, 2026 | 50% | Not available |
| Dec 28, 2026 | 50% | Not available |
| Jan 28, 2027 | 50% | Not available |
| Mar 1, 2027 | 50% | Not available |
| Mar 30, 2027 | 50% | Not available |
| Apr 28, 2027 | 50% | Not available |
| May 28, 2027 | 50% | Not available |
| Jun 28, 2027 | 50% | Not available |
| Jul 28, 2027 | 50% | Not available |
| Aug 30, 2027 | 50% | Not available |
| Sep 28, 2027 | 50% | Not available |
| Oct 28, 2027 | 50% | Not available |
| Nov 29, 2027 | 50% | Not available |
| Dec 28, 2027 | 50% | Not available |
| Jan 28, 2028 | 50% | Not available |
| Feb 28, 2028 | 50% | Not available |
| Mar 28, 2028 | 50% | Not available |
| Apr 28, 2028 | 50% | Not available |
| May 30, 2028 | 50% | Not available |
| Jun 28, 2028 | 50% | Not available |
| Jul 28, 2028 | 50% | Not available |
| Aug 28, 2028 | 50% | Not available |
| Sep 28, 2028 | 50% | Not available |
| Oct 30, 2028 | 50% | Not available |
| Nov 28, 2028 | 50% | Not available |
| Dec 28, 2028 | 50% | Not available |
| Jan 29, 2029 | 50% | Not available |
| Feb 28, 2029 | 50% | Not available |
| Mar 28, 2029 | 50% | Not available |
| Apr 30, 2029 | 50% | Not available |
| May 29, 2029 | 50% | Not available |
Autocall observations · 31
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Nov 30, 2026 | 100% | Not available |
| Dec 28, 2026 | 99% | Not available |
| Jan 28, 2027 | 98% | Not available |
| Mar 1, 2027 | 97% | Not available |
| Mar 30, 2027 | 96% | Not available |
| Apr 28, 2027 | 95% | Not available |
| May 28, 2027 | 94% | Not available |
| Jun 28, 2027 | 93% | Not available |
| Jul 28, 2027 | 92% | Not available |
| Aug 30, 2027 | 91% | Not available |
| Sep 28, 2027 | 90% | Not available |
| Oct 28, 2027 | 89% | Not available |
| Nov 29, 2027 | 88% | Not available |
| Dec 28, 2027 | 87% | Not available |
| Jan 28, 2028 | 86% | Not available |
| Feb 28, 2028 | 85% | Not available |
| Mar 28, 2028 | 84% | Not available |
| Apr 28, 2028 | 83% | Not available |
| May 30, 2028 | 82% | Not available |
| Jun 28, 2028 | 81% | Not available |
| Jul 28, 2028 | 80% | Not available |
| Aug 28, 2028 | 79% | Not available |
| Sep 28, 2028 | 78% | Not available |
| Oct 30, 2028 | 77% | Not available |
| Nov 28, 2028 | 76% | Not available |
| Dec 28, 2028 | 75% | Not available |
| Jan 29, 2029 | 74% | Not available |
| Feb 28, 2029 | 73% | Not available |
| Mar 28, 2029 | 72% | Not available |
| Apr 30, 2029 | 71% | Not available |
| May 29, 2029 | 70% | Not available |