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IT0006777525 · Natixis

INVERSE PHOENIX MEMORY BEST OF HAG GY RHM GY TUI1 GY BNP FP

Hensoldt AG / Rheinmetall / TUI / BNP Paribas

Coupon per period2%Monthly
Capital barrier150%At maturity
ObservationNov 17, 2026Coupon observations
MaturityAug 28, 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
Hensoldt AGHAG · EUR95.64143.46150%143.46150%95.64100%
RheinmetallRHM · EUR1,2141,821150%1,821150%1,214100%
TUITUI1 · EUR7.15810.737150%10.737150%7.158100%
BNP ParibasBNP · EUR111.14166.71150%166.71150%111.14100%

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Observation calendars

Coupon observations · 24
ObservationLevel (% of strike)Payment
Sep 17, 2026150%Sep 28, 2026
Oct 19, 2026150%Oct 28, 2026
Nov 17, 2026150%Nov 26, 2026
Dec 17, 2026150%Dec 29, 2026
Jan 18, 2027150%Jan 27, 2027
Feb 17, 2027150%Feb 26, 2027
Mar 17, 2027150%Mar 30, 2027
Apr 19, 2027150%Apr 28, 2027
May 17, 2027150%May 26, 2027
Jun 17, 2027150%Jun 28, 2027
Jul 19, 2027150%Jul 28, 2027
Aug 17, 2027150%Aug 26, 2027
Sep 17, 2027150%Sep 28, 2027
Oct 18, 2027150%Oct 27, 2027
Nov 17, 2027150%Nov 26, 2027
Dec 17, 2027150%Dec 28, 2027
Jan 17, 2028150%Jan 26, 2028
Feb 17, 2028150%Feb 28, 2028
Mar 17, 2028150%Mar 28, 2028
Apr 18, 2028150%Apr 27, 2028
May 17, 2028150%May 26, 2028
Jun 19, 2028150%Jun 28, 2028
Jul 17, 2028150%Jul 26, 2028
Aug 17, 2028150%Aug 28, 2028
Autocall observations · 19
ObservationLevel (% of strike)Payment
Feb 17, 2027100%Feb 26, 2027
Mar 17, 2027100%Mar 30, 2027
Apr 19, 2027100%Apr 28, 2027
May 17, 2027100%May 26, 2027
Jun 17, 2027100%Jun 28, 2027
Jul 19, 2027100%Jul 28, 2027
Aug 17, 2027100%Aug 26, 2027
Sep 17, 2027100%Sep 28, 2027
Oct 18, 2027100%Oct 27, 2027
Nov 17, 2027100%Nov 26, 2027
Dec 17, 2027100%Dec 28, 2027
Jan 17, 2028100%Jan 26, 2028
Feb 17, 2028100%Feb 28, 2028
Mar 17, 2028100%Mar 28, 2028
Apr 18, 2028100%Apr 27, 2028
May 17, 2028100%May 26, 2028
Jun 19, 2028100%Jun 28, 2028
Jul 17, 2028100%Jul 26, 2028
Aug 17, 2028100%Aug 28, 2028