IT0006776691 · Natixis
2Y INVERSE PHOENIX MEMORY Best Of on STMMI IM STLAM IM DBK GY
Reverse structure: the applicable conditions require no underlying to be above the relevant level. Published levels are shown without conversion.
How to read this structure
On the coupon observation dates, the conditional payment requires every underlying to be at or below the published coupon barrier (150% of its initial level).
The next published autocall level is 100% of the initial levels. Automatic redemption depends on every underlying being at or below 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 |
|---|---|---|---|---|
| STMicroelectronicsSTMPA · EUR | 58.36 | 87.54150% | 87.54150% | 58.36100% |
| Deutsche BankDBK · EUR | 32.305 | 48.4575150% | 48.4575150% | 32.305100% |
| StellantisFRSTLA · EUR | 4.9835 | 7.4753150% | 7.4753150% | 4.9835100% |
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Open in workspace ↗Observation calendars
Coupon observations · 24
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Aug 7, 2026 | 150% | Aug 18, 2026 |
| Sep 7, 2026 | 150% | Sep 16, 2026 |
| Oct 7, 2026 | 150% | Oct 16, 2026 |
| Nov 9, 2026 | 150% | Nov 18, 2026 |
| Dec 7, 2026 | 150% | Dec 16, 2026 |
| Jan 7, 2027 | 150% | Jan 18, 2027 |
| Feb 8, 2027 | 150% | Feb 17, 2027 |
| Mar 8, 2027 | 150% | Mar 17, 2027 |
| Apr 7, 2027 | 150% | Apr 16, 2027 |
| May 7, 2027 | 150% | May 18, 2027 |
| Jun 7, 2027 | 150% | Jun 16, 2027 |
| Jul 7, 2027 | 150% | Jul 16, 2027 |
| Aug 9, 2027 | 150% | Aug 18, 2027 |
| Sep 7, 2027 | 150% | Sep 16, 2027 |
| Oct 7, 2027 | 150% | Oct 18, 2027 |
| Nov 8, 2027 | 150% | Nov 17, 2027 |
| Dec 7, 2027 | 150% | Dec 16, 2027 |
| Jan 7, 2028 | 150% | Jan 18, 2028 |
| Feb 7, 2028 | 150% | Feb 16, 2028 |
| Mar 7, 2028 | 150% | Mar 16, 2028 |
| Apr 7, 2028 | 150% | Apr 20, 2028 |
| May 8, 2028 | 150% | May 17, 2028 |
| Jun 7, 2028 | 150% | Jun 16, 2028 |
| Jul 7, 2028 | 150% | Jul 18, 2028 |
Autocall observations · 19
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Jan 7, 2027 | 100% | Jan 18, 2027 |
| Feb 8, 2027 | 100% | Feb 17, 2027 |
| Mar 8, 2027 | 100% | Mar 17, 2027 |
| Apr 7, 2027 | 100% | Apr 16, 2027 |
| May 7, 2027 | 100% | May 18, 2027 |
| Jun 7, 2027 | 100% | Jun 16, 2027 |
| Jul 7, 2027 | 100% | Jul 16, 2027 |
| Aug 9, 2027 | 100% | Aug 18, 2027 |
| Sep 7, 2027 | 100% | Sep 16, 2027 |
| Oct 7, 2027 | 100% | Oct 18, 2027 |
| Nov 8, 2027 | 100% | Nov 17, 2027 |
| Dec 7, 2027 | 100% | Dec 16, 2027 |
| Jan 7, 2028 | 100% | Jan 18, 2028 |
| Feb 7, 2028 | 100% | Feb 16, 2028 |
| Mar 7, 2028 | 100% | Mar 16, 2028 |
| Apr 7, 2028 | 100% | Apr 20, 2028 |
| May 8, 2028 | 100% | May 17, 2028 |
| Jun 7, 2028 | 100% | Jun 16, 2028 |
| Jul 7, 2028 | 100% | Jul 18, 2028 |