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PRODUCT VALUATION REPORT

Marex Gold Silver Issuer Callable Growth Note November 2025 USD

Strike Date: 21/11/2025
Next Observation Date: 21/05/2026
Final Observation Date: 21/11/2028
Returns and Barriers: 
Maximum Term: 3 Years
Investment Structure: Issuer Callable Growth Participation Note
Participation Rate: 100% times growth above initial level
Callable Observations: Quarterly (First Observation at 6 months)
Callable Coupon Rate: USD: 3.00% Quarterly
Capital Protection Barrier: 100% Capital Protected
ISIN: XS3083884760
Currency: USD
Current Price: 99.18% (as at 18/02/2026 08:38 UK Time)
Coupons Paid to Date: 0.0000%
UnderlyingStrike
Level
Last COB
Level
Increase/
Decrease
SPDR Gold Shares374.27448.2019.75%
Ishares Silver Trust45.3066.3746.51%
Source: Bloomberg