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IT0006778754 · Natixis

2Y PHOENIX MEMORY WO on KOSPI2 SKHY UW UCG IM BAMI IM

SK Hynix Inc. ADR / Banco BPM / KOSPI2 / UniCredit

Coupon per period1.4833%Monthly
Capital barrier60%At maturity
ObservationOct 22, 2026Coupon observations
MaturityOct 3, 2028Payment

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 (60% 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

UnderlyingStrikeCapital barrierCoupon barrierAutocall
SK Hynix Inc. ADRSKHY · EUR195.37117.22260%117.22260%195.37100%
Banco BPMBAMI · EUR16.099.65460%9.65460%16.09100%
KOSPI2KOSPI2 · EUR1,113.3667.9860%667.9860%1,113.3100%
UniCreditUCG · EUR83.2849.96860%49.96860%83.28100%

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Observation calendars

Coupon observations · 24
ObservationLevel (% of strike)Payment
Oct 22, 202660%Nov 2, 2026
Nov 23, 202660%Dec 2, 2026
Dec 22, 202660%Jan 4, 2027
Jan 22, 202760%Feb 2, 2027
Feb 22, 202760%Mar 3, 2027
Mar 22, 202760%Apr 2, 2027
Apr 22, 202760%May 3, 2027
May 24, 202760%Jun 2, 2027
Jun 22, 202760%Jul 1, 2027
Jul 22, 202760%Aug 2, 2027
Aug 23, 202760%Sep 1, 2027
Sep 22, 202760%Oct 1, 2027
Oct 22, 202760%Nov 2, 2027
Nov 22, 202760%Dec 1, 2027
Dec 22, 202760%Dec 31, 2027
Jan 24, 202860%Feb 2, 2028
Feb 22, 202860%Mar 2, 2028
Mar 22, 202860%Mar 31, 2028
Apr 24, 202860%May 4, 2028
May 22, 202860%May 31, 2028
Jun 22, 202860%Jul 3, 2028
Jul 24, 202860%Aug 2, 2028
Aug 22, 202860%Aug 31, 2028
Sep 22, 202860%Oct 3, 2028
Autocall observations · 22
ObservationLevel (% of strike)Payment
Dec 22, 2026100%Jan 4, 2027
Jan 22, 202799%Feb 2, 2027
Feb 22, 202798%Mar 3, 2027
Mar 22, 202797%Apr 2, 2027
Apr 22, 202796%May 3, 2027
May 24, 202795%Jun 2, 2027
Jun 22, 202794%Jul 1, 2027
Jul 22, 202793%Aug 2, 2027
Aug 23, 202792%Sep 1, 2027
Sep 22, 202791%Oct 1, 2027
Oct 22, 202790%Nov 2, 2027
Nov 22, 202789%Dec 1, 2027
Dec 22, 202788%Dec 31, 2027
Jan 24, 202887%Feb 2, 2028
Feb 22, 202886%Mar 2, 2028
Mar 22, 202885%Mar 31, 2028
Apr 24, 202884%May 4, 2028
May 22, 202883%May 31, 2028
Jun 22, 202882%Jul 3, 2028
Jul 24, 202881%Aug 2, 2028
Aug 22, 202880%Aug 31, 2028
Sep 22, 202879%Oct 3, 2028