TUI AG/CapBonus/8/Call/SOC

This Capped Bonus Certificate is linked to TUI AG, the underlying instrument, and has a term ending on September 24, 2027. The product features a protection level of EUR 4.20 and a cap of EUR 8.00. 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 8.00 (cap times the multiplier). If the underlying never trades at or below the protection level during the observation period from April 23, 2026 to September 17, 2027, at least the bonus amount of EUR 8.00 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.