MarexClassicEURActive
IT0006772385 · Marex
48m Wof Memory Phoenix Autocall on Sanofi SA, Bayer AG, Novartis AG, Pfizer Inc in EUR
Coupon per period2.25%Quarterly
Capital barrier55%At maturity
ObservationDec 11, 2026Coupon observations
MaturityDec 20, 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 98% 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 |
|---|---|---|---|---|
| SanofiSAN · EUR | 83.64 | 46.00255% | 50.18460% | 81.967298% |
| BayerBAYN · EUR | 36.33 | 19.981555% | 21.79860% | 35.603498% |
| NovartisNOVN · CHF | 105.98 | 58.28955% | 63.58860% | 103.860498% |
| PfizerPFE · USD | 25.8 | 14.1955% | 15.4860% | 25.28498% |
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Open in workspace ↗Observation calendars
Coupon observations · 16
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Mar 11, 2026 | 60% | Not available |
| Jun 11, 2026 | 60% | Not available |
| Sep 11, 2026 | 60% | Not available |
| Dec 11, 2026 | 60% | Not available |
| Mar 11, 2027 | 60% | Not available |
| Jun 11, 2027 | 60% | Not available |
| Sep 13, 2027 | 60% | Not available |
| Dec 13, 2027 | 60% | Not available |
| Mar 13, 2028 | 60% | Not available |
| Jun 12, 2028 | 60% | Not available |
| Sep 11, 2028 | 60% | Not available |
| Dec 11, 2028 | 60% | Not available |
| Mar 12, 2029 | 60% | Not available |
| Jun 11, 2029 | 60% | Not available |
| Sep 11, 2029 | 60% | Not available |
| Dec 11, 2029 | 60% | Not available |
Autocall observations · 14
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Sep 11, 2026 | 100% | Not available |
| Dec 11, 2026 | 98% | Not available |
| Mar 11, 2027 | 96% | Not available |
| Jun 11, 2027 | 94% | Not available |
| Sep 13, 2027 | 92% | Not available |
| Dec 13, 2027 | 90% | Not available |
| Mar 13, 2028 | 88% | Not available |
| Jun 12, 2028 | 86% | Not available |
| Sep 11, 2028 | 84% | Not available |
| Dec 11, 2028 | 82% | Not available |
| Mar 12, 2029 | 80% | Not available |
| Jun 11, 2029 | 78% | Not available |
| Sep 11, 2029 | 76% | Not available |
| Dec 11, 2029 | 74% | Not available |