IT0006775321 · Marex
18m Wof Memory Phoenix Autocall on Banca Monte dei Paschi di Sien, STMicroelectronics NV, Stellantis NV, Leonardo 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 (60% of its initial level).
The next published autocall level is 87% 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 |
|---|---|---|---|---|
| Banca Monte dei Paschi di SienaBMPS · EUR | 9.052 | 5.431260% | 5.431260% | 7.875287% |
| STMicroelectronicsSTMPA · EUR | 46.015 | 27.60960% | 27.60960% | 40.03387% |
| StellantisFRSTLA · EUR | 6.209 | 3.725460% | 3.725460% | 5.401887% |
| LeonardoLDO · EUR | 53.02 | 31.81260% | 31.81260% | 46.127487% |
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Open in workspace ↗Observation calendars
Coupon observations · 18
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Jun 1, 2026 | 60% | Not available |
| Jun 30, 2026 | 60% | Not available |
| Jul 30, 2026 | 60% | Not available |
| Aug 31, 2026 | 60% | Not available |
| Sep 30, 2026 | 60% | Not available |
| Oct 30, 2026 | 60% | Not available |
| Nov 30, 2026 | 60% | Not available |
| Dec 30, 2026 | 60% | Not available |
| Feb 1, 2027 | 60% | Not available |
| Mar 1, 2027 | 60% | Not available |
| Mar 30, 2027 | 60% | Not available |
| Apr 30, 2027 | 60% | Not available |
| May 31, 2027 | 60% | Not available |
| Jun 30, 2027 | 60% | Not available |
| Jul 30, 2027 | 60% | Not available |
| Aug 30, 2027 | 60% | Not available |
| Sep 30, 2027 | 60% | Not available |
| Nov 1, 2027 | 60% | Not available |
Autocall observations · 16
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Jul 30, 2026 | 95% | Not available |
| Aug 31, 2026 | 93% | Not available |
| Sep 30, 2026 | 91% | Not available |
| Oct 30, 2026 | 89% | Not available |
| Nov 30, 2026 | 87% | Not available |
| Dec 30, 2026 | 85% | Not available |
| Feb 1, 2027 | 83% | Not available |
| Mar 1, 2027 | 81% | Not available |
| Mar 30, 2027 | 79% | Not available |
| Apr 30, 2027 | 77% | Not available |
| May 31, 2027 | 75% | Not available |
| Jun 30, 2027 | 73% | Not available |
| Jul 30, 2027 | 71% | Not available |
| Aug 30, 2027 | 69% | Not available |
| Sep 30, 2027 | 67% | Not available |
| Nov 1, 2027 | 65% | Not available |