IT0006778085 · Natixis
INVERSE PHOENIX BEST OF ARM UW TSLA UW MRVL UW
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 |
|---|---|---|---|---|
| ArmARM · EUR | 275.61 | 413.415150% | 413.415150% | 275.61100% |
| TeslaTSLA · EUR | 364.27 | 546.405150% | 546.405150% | 364.27100% |
| MarvellMRVL · EUR | 244.25 | 366.375150% | 366.375150% | 244.25100% |
Prices and distances require current market data. Open the workspace for market information and your personal tools.
Open in workspace ↗Observation calendars
Coupon observations · 24
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Oct 19, 2026 | 150% | Oct 28, 2026 |
| Nov 18, 2026 | 150% | Nov 27, 2026 |
| Dec 18, 2026 | 150% | Dec 30, 2026 |
| Jan 19, 2027 | 150% | Jan 28, 2027 |
| Feb 18, 2027 | 150% | Mar 1, 2027 |
| Mar 18, 2027 | 150% | Mar 31, 2027 |
| Apr 19, 2027 | 150% | Apr 28, 2027 |
| May 18, 2027 | 150% | May 27, 2027 |
| Jun 21, 2027 | 150% | Jun 30, 2027 |
| Jul 19, 2027 | 150% | Jul 28, 2027 |
| Aug 18, 2027 | 150% | Aug 27, 2027 |
| Sep 20, 2027 | 150% | Sep 29, 2027 |
| Oct 18, 2027 | 150% | Oct 27, 2027 |
| Nov 18, 2027 | 150% | Nov 29, 2027 |
| Dec 20, 2027 | 150% | Dec 29, 2027 |
| Jan 18, 2028 | 150% | Jan 27, 2028 |
| Feb 18, 2028 | 150% | Feb 29, 2028 |
| Mar 20, 2028 | 150% | Mar 29, 2028 |
| Apr 18, 2028 | 150% | Apr 27, 2028 |
| May 18, 2028 | 150% | May 29, 2028 |
| Jun 20, 2028 | 150% | Jun 29, 2028 |
| Jul 18, 2028 | 150% | Jul 27, 2028 |
| Aug 18, 2028 | 150% | Aug 29, 2028 |
| Sep 18, 2028 | 150% | Sep 27, 2028 |
Autocall observations · 23
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Nov 18, 2026 | 100% | Nov 27, 2026 |
| Dec 18, 2026 | 100% | Dec 30, 2026 |
| Jan 19, 2027 | 100% | Jan 28, 2027 |
| Feb 18, 2027 | 100% | Mar 1, 2027 |
| Mar 18, 2027 | 100% | Mar 31, 2027 |
| Apr 19, 2027 | 100% | Apr 28, 2027 |
| May 18, 2027 | 100% | May 27, 2027 |
| Jun 21, 2027 | 100% | Jun 30, 2027 |
| Jul 19, 2027 | 100% | Jul 28, 2027 |
| Aug 18, 2027 | 100% | Aug 27, 2027 |
| Sep 20, 2027 | 100% | Sep 29, 2027 |
| Oct 18, 2027 | 100% | Oct 27, 2027 |
| Nov 18, 2027 | 100% | Nov 29, 2027 |
| Dec 20, 2027 | 100% | Dec 29, 2027 |
| Jan 18, 2028 | 100% | Jan 27, 2028 |
| Feb 18, 2028 | 100% | Feb 29, 2028 |
| Mar 20, 2028 | 100% | Mar 29, 2028 |
| Apr 18, 2028 | 100% | Apr 27, 2028 |
| May 18, 2028 | 100% | May 29, 2028 |
| Jun 20, 2028 | 100% | Jun 29, 2028 |
| Jul 18, 2028 | 100% | Jul 27, 2028 |
| Aug 18, 2028 | 100% | Aug 29, 2028 |
| Sep 18, 2028 | 100% | Sep 27, 2028 |