IT0006776865 · Marex
60m Wof Memory Phoenix Autocall on Banco Bilbao Vizcaya Argentari, Intesa Sanpaolo SpA, Credit Agricole SA, Banco BPM 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 (40% 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 | 21.47 | 8.58840% | 8.58840% | 21.47100% |
| Intesa SanpaoloISP · EUR | 5.952 | 2.380840% | 2.380840% | 5.952100% |
| Credit AgricoleCAGR · EUR | 17.52 | 7.00840% | 7.00840% | 17.52100% |
| Banco BPMBAMI · EUR | 15.04 | 6.01640% | 6.01640% | 15.04100% |
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Open in workspace ↗Observation calendars
Coupon observations · 60
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Jul 27, 2026 | 40% | Not available |
| Aug 26, 2026 | 40% | Not available |
| Sep 28, 2026 | 40% | Not available |
| Oct 26, 2026 | 40% | Not available |
| Nov 26, 2026 | 40% | Not available |
| Dec 28, 2026 | 40% | Not available |
| Jan 26, 2027 | 40% | Not available |
| Feb 26, 2027 | 40% | Not available |
| Mar 30, 2027 | 40% | Not available |
| Apr 26, 2027 | 40% | Not available |
| May 26, 2027 | 40% | Not available |
| Jun 28, 2027 | 40% | Not available |
| Jul 26, 2027 | 40% | Not available |
| Aug 26, 2027 | 40% | Not available |
| Sep 27, 2027 | 40% | Not available |
| Oct 26, 2027 | 40% | Not available |
| Nov 26, 2027 | 40% | Not available |
| Dec 27, 2027 | 40% | Not available |
| Jan 26, 2028 | 40% | Not available |
| Feb 28, 2028 | 40% | Not available |
| Mar 27, 2028 | 40% | Not available |
| Apr 26, 2028 | 40% | Not available |
| May 26, 2028 | 40% | Not available |
| Jun 26, 2028 | 40% | Not available |
| Jul 26, 2028 | 40% | Not available |
| Aug 28, 2028 | 40% | Not available |
| Sep 26, 2028 | 40% | Not available |
| Oct 26, 2028 | 40% | Not available |
| Nov 27, 2028 | 40% | Not available |
| Dec 27, 2028 | 40% | Not available |
| Jan 26, 2029 | 40% | Not available |
| Feb 26, 2029 | 40% | Not available |
| Mar 26, 2029 | 40% | Not available |
| Apr 26, 2029 | 40% | Not available |
| May 28, 2029 | 40% | Not available |
| Jun 26, 2029 | 40% | Not available |
| Jul 26, 2029 | 40% | Not available |
| Aug 27, 2029 | 40% | Not available |
| Sep 26, 2029 | 40% | Not available |
| Oct 26, 2029 | 40% | Not available |
| Nov 26, 2029 | 40% | Not available |
| Dec 27, 2029 | 40% | Not available |
| Jan 28, 2030 | 40% | Not available |
| Feb 26, 2030 | 40% | Not available |
| Mar 26, 2030 | 40% | Not available |
| Apr 26, 2030 | 40% | Not available |
| May 27, 2030 | 40% | Not available |
| Jun 26, 2030 | 40% | Not available |
| Jul 26, 2030 | 40% | Not available |
| Aug 26, 2030 | 40% | Not available |
| Sep 26, 2030 | 40% | Not available |
| Oct 28, 2030 | 40% | Not available |
| Nov 26, 2030 | 40% | Not available |
| Dec 27, 2030 | 40% | Not available |
| Jan 27, 2031 | 40% | Not available |
| Feb 26, 2031 | 40% | Not available |
| Mar 26, 2031 | 40% | Not available |
| Apr 28, 2031 | 40% | Not available |
| May 26, 2031 | 40% | Not available |
| Jun 26, 2031 | 40% | Not available |
Autocall observations · 55
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Dec 28, 2026 | 100% | Not available |
| Jan 26, 2027 | 99% | Not available |
| Feb 26, 2027 | 98% | Not available |
| Mar 30, 2027 | 97% | Not available |
| Apr 26, 2027 | 96% | Not available |
| May 26, 2027 | 95% | Not available |
| Jun 28, 2027 | 94% | Not available |
| Jul 26, 2027 | 93% | Not available |
| Aug 26, 2027 | 92% | Not available |
| Sep 27, 2027 | 91% | Not available |
| Oct 26, 2027 | 90% | Not available |
| Nov 26, 2027 | 89% | Not available |
| Dec 27, 2027 | 88% | Not available |
| Jan 26, 2028 | 87% | Not available |
| Feb 28, 2028 | 86% | Not available |
| Mar 27, 2028 | 85% | Not available |
| Apr 26, 2028 | 84% | Not available |
| May 26, 2028 | 83% | Not available |
| Jun 26, 2028 | 82% | Not available |
| Jul 26, 2028 | 81% | Not available |
| Aug 28, 2028 | 80% | Not available |
| Sep 26, 2028 | 79% | Not available |
| Oct 26, 2028 | 78% | Not available |
| Nov 27, 2028 | 77% | Not available |
| Dec 27, 2028 | 76% | Not available |
| Jan 26, 2029 | 75% | Not available |
| Feb 26, 2029 | 74% | Not available |
| Mar 26, 2029 | 73% | Not available |
| Apr 26, 2029 | 72% | Not available |
| May 28, 2029 | 71% | Not available |
| Jun 26, 2029 | 70% | Not available |
| Jul 26, 2029 | 69% | Not available |
| Aug 27, 2029 | 68% | Not available |
| Sep 26, 2029 | 67% | Not available |
| Oct 26, 2029 | 66% | Not available |
| Nov 26, 2029 | 65% | Not available |
| Dec 27, 2029 | 64% | Not available |
| Jan 28, 2030 | 63% | Not available |
| Feb 26, 2030 | 62% | Not available |
| Mar 26, 2030 | 61% | Not available |
| Apr 26, 2030 | 60% | Not available |
| May 27, 2030 | 59% | Not available |
| Jun 26, 2030 | 58% | Not available |
| Jul 26, 2030 | 57% | Not available |
| Aug 26, 2030 | 56% | Not available |
| Sep 26, 2030 | 55% | Not available |
| Oct 28, 2030 | 54% | Not available |
| Nov 26, 2030 | 53% | Not available |
| Dec 27, 2030 | 52% | Not available |
| Jan 27, 2031 | 51% | Not available |
| Feb 26, 2031 | 50% | Not available |
| Mar 26, 2031 | 49% | Not available |
| Apr 28, 2031 | 48% | Not available |
| May 26, 2031 | 47% | Not available |
| Jun 26, 2031 | 46% | Not available |