IT0006777525 · Natixis
INVERSE PHOENIX MEMORY BEST OF HAG GY RHM GY TUI1 GY BNP FP
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 |
|---|---|---|---|---|
| Hensoldt AGHAG · EUR | 95.64 | 143.46150% | 143.46150% | 95.64100% |
| RheinmetallRHM · EUR | 1,214 | 1,821150% | 1,821150% | 1,214100% |
| TUITUI1 · EUR | 7.158 | 10.737150% | 10.737150% | 7.158100% |
| BNP ParibasBNP · EUR | 111.14 | 166.71150% | 166.71150% | 111.14100% |
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Open in workspace ↗Observation calendars
Coupon observations · 24
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Sep 17, 2026 | 150% | Sep 28, 2026 |
| Oct 19, 2026 | 150% | Oct 28, 2026 |
| Nov 17, 2026 | 150% | Nov 26, 2026 |
| Dec 17, 2026 | 150% | Dec 29, 2026 |
| Jan 18, 2027 | 150% | Jan 27, 2027 |
| Feb 17, 2027 | 150% | Feb 26, 2027 |
| Mar 17, 2027 | 150% | Mar 30, 2027 |
| Apr 19, 2027 | 150% | Apr 28, 2027 |
| May 17, 2027 | 150% | May 26, 2027 |
| Jun 17, 2027 | 150% | Jun 28, 2027 |
| Jul 19, 2027 | 150% | Jul 28, 2027 |
| Aug 17, 2027 | 150% | Aug 26, 2027 |
| Sep 17, 2027 | 150% | Sep 28, 2027 |
| Oct 18, 2027 | 150% | Oct 27, 2027 |
| Nov 17, 2027 | 150% | Nov 26, 2027 |
| Dec 17, 2027 | 150% | Dec 28, 2027 |
| Jan 17, 2028 | 150% | Jan 26, 2028 |
| Feb 17, 2028 | 150% | Feb 28, 2028 |
| Mar 17, 2028 | 150% | Mar 28, 2028 |
| Apr 18, 2028 | 150% | Apr 27, 2028 |
| May 17, 2028 | 150% | May 26, 2028 |
| Jun 19, 2028 | 150% | Jun 28, 2028 |
| Jul 17, 2028 | 150% | Jul 26, 2028 |
| Aug 17, 2028 | 150% | Aug 28, 2028 |
Autocall observations · 19
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Feb 17, 2027 | 100% | Feb 26, 2027 |
| Mar 17, 2027 | 100% | Mar 30, 2027 |
| Apr 19, 2027 | 100% | Apr 28, 2027 |
| May 17, 2027 | 100% | May 26, 2027 |
| Jun 17, 2027 | 100% | Jun 28, 2027 |
| Jul 19, 2027 | 100% | Jul 28, 2027 |
| Aug 17, 2027 | 100% | Aug 26, 2027 |
| Sep 17, 2027 | 100% | Sep 28, 2027 |
| Oct 18, 2027 | 100% | Oct 27, 2027 |
| Nov 17, 2027 | 100% | Nov 26, 2027 |
| Dec 17, 2027 | 100% | Dec 28, 2027 |
| Jan 17, 2028 | 100% | Jan 26, 2028 |
| Feb 17, 2028 | 100% | Feb 28, 2028 |
| Mar 17, 2028 | 100% | Mar 28, 2028 |
| Apr 18, 2028 | 100% | Apr 27, 2028 |
| May 17, 2028 | 100% | May 26, 2028 |
| Jun 19, 2028 | 100% | Jun 28, 2028 |
| Jul 17, 2028 | 100% | Jul 26, 2028 |
| Aug 17, 2028 | 100% | Aug 28, 2028 |