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IT0006777269 · Natixis

2Y INVERSE PHOENIX MEMORY BEST OF ENR GY ASML NA RNO FP GLE FP

Siemens Energy / ASML / Renault / Société Générale

Coupon per period1.7833%Monthly
Capital barrier150%At maturity
ObservationNov 11, 2026Coupon observations
MaturityAug 22, 2028Payment

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

UnderlyingStrikeCapital barrierCoupon barrierAutocall
Siemens EnergyENR · EUR158.56237.84150%237.84150%158.56100%
ASMLASML · EUR1,5542,331150%2,331150%1,554100%
RenaultRNO · EUR28.5442.81150%42.81150%28.54100%
Société GénéraleGLE · EUR83.62125.43150%125.43150%83.62100%

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Observation calendars

Coupon observations · 24
ObservationLevel (% of strike)Payment
Sep 11, 2026150%Sep 22, 2026
Oct 12, 2026150%Oct 21, 2026
Nov 11, 2026150%Nov 20, 2026
Dec 11, 2026150%Dec 22, 2026
Jan 11, 2027150%Jan 20, 2027
Feb 11, 2027150%Feb 22, 2027
Mar 11, 2027150%Mar 22, 2027
Apr 12, 2027150%Apr 21, 2027
May 11, 2027150%May 20, 2027
Jun 11, 2027150%Jun 22, 2027
Jul 12, 2027150%Jul 21, 2027
Aug 11, 2027150%Aug 20, 2027
Sep 13, 2027150%Sep 22, 2027
Oct 11, 2027150%Oct 20, 2027
Nov 11, 2027150%Nov 22, 2027
Dec 13, 2027150%Dec 22, 2027
Jan 11, 2028150%Jan 20, 2028
Feb 11, 2028150%Feb 22, 2028
Mar 13, 2028150%Mar 22, 2028
Apr 11, 2028150%Apr 24, 2028
May 11, 2028150%May 22, 2028
Jun 12, 2028150%Jun 21, 2028
Jul 11, 2028150%Jul 20, 2028
Aug 11, 2028150%Aug 22, 2028
Autocall observations · 19
ObservationLevel (% of strike)Payment
Feb 11, 2027100%Feb 22, 2027
Mar 11, 2027100%Mar 22, 2027
Apr 12, 2027100%Apr 21, 2027
May 11, 2027100%May 20, 2027
Jun 11, 2027100%Jun 22, 2027
Jul 12, 2027100%Jul 21, 2027
Aug 11, 2027100%Aug 20, 2027
Sep 13, 2027100%Sep 22, 2027
Oct 11, 2027100%Oct 20, 2027
Nov 11, 2027100%Nov 22, 2027
Dec 13, 2027100%Dec 22, 2027
Jan 11, 2028100%Jan 20, 2028
Feb 11, 2028100%Feb 22, 2028
Mar 13, 2028100%Mar 22, 2028
Apr 11, 2028100%Apr 24, 2028
May 11, 2028100%May 22, 2028
Jun 12, 2028100%Jun 21, 2028
Jul 11, 2028100%Jul 20, 2028
Aug 11, 2028100%Aug 22, 2028