IT0006779067 · Natixis
1Y INVERSE PHOENIX MEMORY Best Of on EL FB RACE IM KER FP MONC IM
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 (140% of its initial level).
The next published autocall level is 103% 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 |
|---|---|---|---|---|
| FerrariRACE · EUR | 352.8 | 493.92140% | 493.92140% | 363.384103% |
| MonclerMONC · EUR | 44.39 | 62.146140% | 62.146140% | 45.7217103% |
| EssilorLuxotticaEL · EUR | 148.7 | 208.18140% | 208.18140% | 153.161103% |
| KeringKER · EUR | 215.85 | 302.19140% | 302.19140% | 222.3255103% |
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Open in workspace ↗Observation calendars
Coupon observations · 12
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Nov 16, 2026 | 140% | Nov 25, 2026 |
| Dec 15, 2026 | 140% | Dec 24, 2026 |
| Jan 15, 2027 | 140% | Jan 26, 2027 |
| Feb 15, 2027 | 140% | Feb 24, 2027 |
| Mar 15, 2027 | 140% | Mar 24, 2027 |
| Apr 15, 2027 | 140% | Apr 26, 2027 |
| May 17, 2027 | 140% | May 26, 2027 |
| Jun 15, 2027 | 140% | Jun 24, 2027 |
| Jul 15, 2027 | 140% | Jul 26, 2027 |
| Aug 16, 2027 | 140% | Aug 25, 2027 |
| Sep 15, 2027 | 140% | Sep 24, 2027 |
| Oct 15, 2027 | 140% | Oct 26, 2027 |
Autocall observations · 11
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Dec 15, 2026 | 103% | Dec 24, 2026 |
| Jan 15, 2027 | 106% | Jan 26, 2027 |
| Feb 15, 2027 | 109% | Feb 24, 2027 |
| Mar 15, 2027 | 112% | Mar 24, 2027 |
| Apr 15, 2027 | 115% | Apr 26, 2027 |
| May 17, 2027 | 118% | May 26, 2027 |
| Jun 15, 2027 | 121% | Jun 24, 2027 |
| Jul 15, 2027 | 124% | Jul 26, 2027 |
| Aug 16, 2027 | 127% | Aug 25, 2027 |
| Sep 15, 2027 | 130% | Sep 24, 2027 |
| Oct 15, 2027 | 133% | Oct 26, 2027 |