NLBNPIT2MJA5 · BNP Paribas
BBVA, BPER Banca, Crédit Agricole, Morgan Stanley Maxi Cash Collect
The maxi coupon is a separate payment. Its observation and payment dates are shown separately from any recurring coupons. Observation: Not available. Payment: Not available.
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 95% 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
| Underlying | Strike | Capital barrier | Coupon barrier | Autocall |
|---|---|---|---|---|
| Banco Bilbao Vizcaya Argentaria S.A. (BBVA)BBVA · EUR | 13.68 | 8.20860% | 8.20860% | 12.99695% |
| Credit AgricoleCAGR · EUR | 17.575 | 10.54560% | 10.54560% | 16.696395% |
| Banca Popolare dell'Emilia RomagnaBPE · EUR | 7.86 | 4.71660% | 4.71660% | 7.46795% |
| Morgan StanleyMS · USD | 126.26 | 75.75660% | 75.75660% | 119.94795% |
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Open in workspace ↗Observation calendars
Coupon observations · 16
| Observation | Level (% of strike) | Payment |
|---|---|---|
| Sep 12, 2025 | 60% | Not available |
| Nov 25, 2025 | 60% | Not available |
| Feb 24, 2026 | 60% | Not available |
| May 22, 2026 | 60% | Not available |
| Aug 24, 2026 | 60% | Not available |
| Nov 24, 2026 | 60% | Not available |
| Feb 22, 2027 | 60% | Not available |
| May 24, 2027 | 60% | Not available |
| Aug 23, 2027 | 60% | Not available |
| Nov 22, 2027 | 60% | Not available |
| Feb 22, 2028 | 60% | Not available |
| May 22, 2028 | 60% | Not available |
| Aug 22, 2028 | 60% | Not available |
| Nov 22, 2028 | 60% | Not available |
| Feb 22, 2029 | 60% | Not available |
| May 22, 2029 | 60% | Not available |
Autocall observations · 11
| Observation | Level (% of strike) | Payment |
|---|---|---|
| May 22, 2026 | 100% | Jun 2, 2026 |
| Nov 24, 2026 | 95% | Dec 3, 2026 |
| Feb 22, 2027 | 95% | Mar 3, 2027 |
| May 24, 2027 | 90% | Jun 2, 2027 |
| Aug 23, 2027 | 90% | Sep 1, 2027 |
| Nov 22, 2027 | 85% | Dec 1, 2027 |
| Feb 22, 2028 | 85% | Mar 2, 2028 |
| May 22, 2028 | 80% | May 31, 2028 |
| Aug 22, 2028 | 80% | Aug 31, 2028 |
| Nov 22, 2028 | 75% | Dec 1, 2028 |
| Feb 22, 2029 | 75% | Mar 5, 2029 |