Anheuser-Busch InBev N.V./S.A./CapBonus/80/Call/LBBW

This Capped Bonus Certificate is linked to Anheuser-Busch InBev N.V./S.A., the underlying instrument, and has a term ending on July 23, 2027. The product features a protection level of EUR 56.00 and a cap of EUR 80.00. The investor participates in the performance of the underlying, taking the multiplier of 1.00 into account. The redemption amount, however, is limited to a maximum of EUR 80.00 (cap times the multiplier). If the underlying never trades at or below the protection level during the observation period from July 06, 2026 to July 16, 2027, at least the bonus amount of EUR 80.00 and at most the maximum amount (in cash) will be redeemed upon maturity. In any other case, redemption will be made in the form of units in the underlying or a reference asset.