IT0006776329 · Marex
72m Wof Memory Phoenix Autocall on Banco Bilbao Vizcaya Argentari, BNP Paribas SA, UniCredit SpA, Banco BPM SpA in EUR
The maxi coupon is a separate payment. Its observation and payment dates are shown separately from any recurring coupons. Observation: Not available. Payment: Not available.
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 |
|---|---|---|---|---|
| Banco Bilbao Vizcaya Argentaria S.A. (BBVA)BBVA · EUR | 19.24 | 9.6250% | 9.6250% | 19.24100% |
| BNP ParibasBNP · EUR | 91.96 | 45.9850% | 45.9850% | 91.96100% |
| UniCreditUCG · EUR | 70.65 | 35.32550% | 35.32550% | 70.65100% |
| Banco BPMBAMI · EUR | 14.025 | 7.012550% | 7.012550% | 14.025100% |
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Open in workspace ↗Observation calendars
Coupon observations · 24
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Aug 17, 2026 | 50% | Not available |
| Dec 10, 2026 | 50% | Not available |
| Mar 10, 2027 | 50% | Not available |
| Jun 10, 2027 | 50% | Not available |
| Sep 10, 2027 | 50% | Not available |
| Dec 10, 2027 | 50% | Not available |
| Mar 10, 2028 | 50% | Not available |
| Jun 12, 2028 | 50% | Not available |
| Sep 11, 2028 | 50% | Not available |
| Dec 11, 2028 | 50% | Not available |
| Mar 12, 2029 | 50% | Not available |
| Jun 11, 2029 | 50% | Not available |
| Sep 10, 2029 | 50% | Not available |
| Dec 10, 2029 | 50% | Not available |
| Mar 11, 2030 | 50% | Not available |
| Jun 10, 2030 | 50% | Not available |
| Sep 10, 2030 | 50% | Not available |
| Dec 10, 2030 | 50% | Not available |
| Mar 10, 2031 | 50% | Not available |
| Jun 10, 2031 | 50% | Not available |
| Sep 10, 2031 | 50% | Not available |
| Dec 10, 2031 | 50% | Not available |
| Mar 10, 2032 | 50% | Not available |
| Jun 10, 2032 | 50% | Not available |
Autocall observations · 20
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Sep 10, 2027 | 100% | Not available |
| Dec 10, 2027 | 98.5% | Not available |
| Mar 10, 2028 | 97% | Not available |
| Jun 12, 2028 | 95.5% | Not available |
| Sep 11, 2028 | 94% | Not available |
| Dec 11, 2028 | 92.5% | Not available |
| Mar 12, 2029 | 91% | Not available |
| Jun 11, 2029 | 89.5% | Not available |
| Sep 10, 2029 | 88% | Not available |
| Dec 10, 2029 | 86.5% | Not available |
| Mar 11, 2030 | 85% | Not available |
| Jun 10, 2030 | 83.5% | Not available |
| Sep 10, 2030 | 82% | Not available |
| Dec 10, 2030 | 80.5% | Not available |
| Mar 10, 2031 | 79% | Not available |
| Jun 10, 2031 | 77.5% | Not available |
| Sep 10, 2031 | 76% | Not available |
| Dec 10, 2031 | 74.5% | Not available |
| Mar 10, 2032 | 73% | Not available |
| Jun 10, 2032 | 71.5% | Not available |