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IT0006774571 · Natixis

2Y PHOENIX WO MEMORY on HSTECH NKY SX7E EWZ UP

Hang Seng TECH Index / iShares MSCI Brazil - ETF / EURO STOXX BANKS / NIKKEI 225 (JPY)

Coupon per period1.075%Monthly
Capital barrier60%At maturity
ObservationOct 23, 2026Coupon observations
MaturityMay 4, 2028Payment

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 95% 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
Hang Seng TECH IndexHSTECH · EUR4,865.522,919.31260%2,919.31260%4,622.24495%
iShares MSCI Brazil - ETFEWZ · EUR40.0924.05460%24.05460%38.085595%
EURO STOXX BANKSSX7E · EUR258.48155.08860%155.08860%245.55695%
NIKKEI 225 (JPY)NKY · EUR59,140.2335,484.13860%35,484.13860%56,183.218595%

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Observation calendars

Coupon observations · 23
ObservationLevel (% of strike)Payment
May 26, 202660%Jun 4, 2026
Jun 23, 202660%Jul 2, 2026
Jul 23, 202660%Aug 3, 2026
Aug 24, 202660%Sep 2, 2026
Sep 24, 202660%Oct 5, 2026
Oct 23, 202660%Nov 3, 2026
Nov 24, 202660%Dec 3, 2026
Dec 23, 202660%Jan 5, 2027
Jan 25, 202760%Feb 3, 2027
Feb 24, 202760%Mar 5, 2027
Mar 23, 202760%Apr 5, 2027
Apr 23, 202760%May 4, 2027
May 24, 202760%Jun 2, 2027
Jun 23, 202760%Jul 2, 2027
Jul 23, 202760%Aug 3, 2027
Aug 23, 202760%Sep 1, 2027
Sep 24, 202760%Oct 5, 2027
Oct 25, 202760%Nov 3, 2027
Nov 24, 202760%Dec 3, 2027
Dec 23, 202760%Jan 3, 2028
Jan 24, 202860%Feb 2, 2028
Feb 24, 202860%Mar 6, 2028
Mar 23, 202860%Apr 3, 2028
Autocall observations · 24
ObservationLevel (% of strike)Payment
May 26, 2026100%Jun 4, 2026
Jun 23, 202699%Jul 2, 2026
Jul 23, 202698%Aug 3, 2026
Aug 24, 202697%Sep 2, 2026
Sep 24, 202696%Oct 5, 2026
Oct 23, 202695%Nov 3, 2026
Nov 24, 202694%Dec 3, 2026
Dec 23, 202693%Jan 5, 2027
Jan 25, 202792%Feb 3, 2027
Feb 24, 202791%Mar 5, 2027
Mar 23, 202790%Apr 5, 2027
Apr 23, 202789%May 4, 2027
May 24, 202788%Jun 2, 2027
Jun 23, 202787%Jul 2, 2027
Jul 23, 202786%Aug 3, 2027
Aug 23, 202785%Sep 1, 2027
Sep 24, 202784%Oct 5, 2027
Oct 25, 202783%Nov 3, 2027
Nov 24, 202782%Dec 3, 2027
Dec 23, 202781%Jan 3, 2028
Jan 24, 202880%Feb 2, 2028
Feb 24, 202879%Mar 6, 2028
Mar 23, 202878%Apr 3, 2028
Apr 24, 202877%May 4, 2028