IT0006775586 · Marex
72m Wof Memory Phoenix Autocall on Banco Santander SA, Banco Bilbao Vizcaya Argentari, BNP Paribas SA, Credit Agricole SA 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 (70% 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 |
|---|---|---|---|---|
| Banco SantanderSAN · EUR | 10.246 | 5.12350% | 7.172270% | 10.246100% |
| Banco Bilbao Vizcaya Argentaria S.A. (BBVA)BBVA · EUR | 18.965 | 9.482550% | 13.275570% | 18.965100% |
| BNP ParibasBNP · EUR | 92.03 | 46.01550% | 64.42170% | 92.03100% |
| Credit AgricoleCAGR · EUR | 17.17 | 8.58550% | 12.01970% | 17.17100% |
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Open in workspace ↗Observation calendars
Coupon observations · 72
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Jun 15, 2026 | 70% | Not available |
| Jul 14, 2026 | 70% | Not available |
| Aug 14, 2026 | 70% | Not available |
| Sep 14, 2026 | 70% | Not available |
| Oct 14, 2026 | 70% | Not available |
| Nov 16, 2026 | 70% | Not available |
| Dec 14, 2026 | 70% | Not available |
| Jan 14, 2027 | 70% | Not available |
| Feb 15, 2027 | 70% | Not available |
| Mar 15, 2027 | 70% | Not available |
| Apr 14, 2027 | 70% | Not available |
| May 14, 2027 | 70% | Not available |
| Jun 14, 2027 | 70% | Not available |
| Jul 14, 2027 | 70% | Not available |
| Aug 16, 2027 | 70% | Not available |
| Sep 14, 2027 | 70% | Not available |
| Oct 14, 2027 | 70% | Not available |
| Nov 15, 2027 | 70% | Not available |
| Dec 14, 2027 | 70% | Not available |
| Jan 14, 2028 | 70% | Not available |
| Feb 14, 2028 | 70% | Not available |
| Mar 14, 2028 | 70% | Not available |
| Apr 18, 2028 | 70% | Not available |
| May 15, 2028 | 70% | Not available |
| Jun 14, 2028 | 70% | Not available |
| Jul 14, 2028 | 70% | Not available |
| Aug 14, 2028 | 70% | Not available |
| Sep 14, 2028 | 70% | Not available |
| Oct 16, 2028 | 70% | Not available |
| Nov 14, 2028 | 70% | Not available |
| Dec 14, 2028 | 70% | Not available |
| Jan 15, 2029 | 70% | Not available |
| Feb 14, 2029 | 70% | Not available |
| Mar 14, 2029 | 70% | Not available |
| Apr 16, 2029 | 70% | Not available |
| May 14, 2029 | 70% | Not available |
| Jun 14, 2029 | 70% | Not available |
| Jul 16, 2029 | 70% | Not available |
| Aug 14, 2029 | 70% | Not available |
| Sep 14, 2029 | 70% | Not available |
| Oct 15, 2029 | 70% | Not available |
| Nov 14, 2029 | 70% | Not available |
| Dec 14, 2029 | 70% | Not available |
| Jan 14, 2030 | 70% | Not available |
| Feb 14, 2030 | 70% | Not available |
| Mar 14, 2030 | 70% | Not available |
| Apr 15, 2030 | 70% | Not available |
| May 14, 2030 | 70% | Not available |
| Jun 14, 2030 | 70% | Not available |
| Jul 15, 2030 | 70% | Not available |
| Aug 14, 2030 | 70% | Not available |
| Sep 16, 2030 | 70% | Not available |
| Oct 14, 2030 | 70% | Not available |
| Nov 14, 2030 | 70% | Not available |
| Dec 16, 2030 | 70% | Not available |
| Jan 14, 2031 | 70% | Not available |
| Feb 14, 2031 | 70% | Not available |
| Mar 14, 2031 | 70% | Not available |
| Apr 15, 2031 | 70% | Not available |
| May 14, 2031 | 70% | Not available |
| Jun 16, 2031 | 70% | Not available |
| Jul 14, 2031 | 70% | Not available |
| Aug 14, 2031 | 70% | Not available |
| Sep 15, 2031 | 70% | Not available |
| Oct 14, 2031 | 70% | Not available |
| Nov 14, 2031 | 70% | Not available |
| Dec 15, 2031 | 70% | Not available |
| Jan 14, 2032 | 70% | Not available |
| Feb 16, 2032 | 70% | Not available |
| Mar 15, 2032 | 70% | Not available |
| Apr 14, 2032 | 70% | Not available |
| May 14, 2032 | 70% | Not available |
Autocall observations · 58
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Aug 16, 2027 | 100% | Not available |
| Sep 14, 2027 | 100% | Not available |
| Oct 14, 2027 | 100% | Not available |
| Nov 15, 2027 | 100% | Not available |
| Dec 14, 2027 | 100% | Not available |
| Jan 14, 2028 | 100% | Not available |
| Feb 14, 2028 | 100% | Not available |
| Mar 14, 2028 | 100% | Not available |
| Apr 18, 2028 | 100% | Not available |
| May 15, 2028 | 100% | Not available |
| Jun 14, 2028 | 100% | Not available |
| Jul 14, 2028 | 100% | Not available |
| Aug 14, 2028 | 100% | Not available |
| Sep 14, 2028 | 100% | Not available |
| Oct 16, 2028 | 100% | Not available |
| Nov 14, 2028 | 100% | Not available |
| Dec 14, 2028 | 100% | Not available |
| Jan 15, 2029 | 100% | Not available |
| Feb 14, 2029 | 100% | Not available |
| Mar 14, 2029 | 100% | Not available |
| Apr 16, 2029 | 100% | Not available |
| May 14, 2029 | 100% | Not available |
| Jun 14, 2029 | 100% | Not available |
| Jul 16, 2029 | 100% | Not available |
| Aug 14, 2029 | 100% | Not available |
| Sep 14, 2029 | 100% | Not available |
| Oct 15, 2029 | 100% | Not available |
| Nov 14, 2029 | 100% | Not available |
| Dec 14, 2029 | 100% | Not available |
| Jan 14, 2030 | 100% | Not available |
| Feb 14, 2030 | 100% | Not available |
| Mar 14, 2030 | 100% | Not available |
| Apr 15, 2030 | 100% | Not available |
| May 14, 2030 | 100% | Not available |
| Jun 14, 2030 | 100% | Not available |
| Jul 15, 2030 | 100% | Not available |
| Aug 14, 2030 | 100% | Not available |
| Sep 16, 2030 | 100% | Not available |
| Oct 14, 2030 | 100% | Not available |
| Nov 14, 2030 | 100% | Not available |
| Dec 16, 2030 | 100% | Not available |
| Jan 14, 2031 | 100% | Not available |
| Feb 14, 2031 | 100% | Not available |
| Mar 14, 2031 | 100% | Not available |
| Apr 15, 2031 | 100% | Not available |
| May 14, 2031 | 100% | Not available |
| Jun 16, 2031 | 100% | Not available |
| Jul 14, 2031 | 100% | Not available |
| Aug 14, 2031 | 100% | Not available |
| Sep 15, 2031 | 100% | Not available |
| Oct 14, 2031 | 100% | Not available |
| Nov 14, 2031 | 100% | Not available |
| Dec 15, 2031 | 100% | Not available |
| Jan 14, 2032 | 100% | Not available |
| Feb 16, 2032 | 100% | Not available |
| Mar 15, 2032 | 100% | Not available |
| Apr 14, 2032 | 100% | Not available |
| May 14, 2032 | 100% | Not available |