URGENT NBIS Structured Products

Secondary Market Opportunity · 2 Outperformance Certificates · NBIS $220.00 · 22 May 2026
CONFIDENTIAL
Blanc Wealth Management
Thesis
Two secondary-market Outperformance certificates on NBIS are available well below fair value. Profit at maturity from +24% to +28%. Both products are at maximum redemption. 8510 offers the highest discount (−21.6%) with a −39.2% buffer; 7756 has the deepest buffer (−51.1%) from $220.00.
Profit at Expiry
27.5%
Even if the stock drops by…
-39.2%
Product Parameters
Parameter XS3244917756XS3218808510
Rank #1 BEST BUFFER #2 BEST DISCOUNT
Strike$88.62$80.55
Participation coefficient300%150%
Maximum redemption202.8%253.8%
Maturity10 Feb 202729 Dec 2026
Notional / Investment amount now$60,976 / $100K$51,020 / $100K
Can buy now at164.00%199.00%
Value at expiration with current NBIS price202.75%253.75%
Profit at maturity (%)+23.6%+27.5%
Annualized (p.a.)+34.1%+49.4%
Profit at maturity ($ per $100K)+$23,628+$27,513
Discount to Fair Value−19.1%−21.6%
Breakeven$107.53 (−51.1%)$133.71 (−39.2%)
Payoff Scenarios (NBIS $220.00 today)
XS3244917756
Outperf 300% · 10 Feb 2027
+23.6%▲ CAP
+$23,628
BE $107.53 Buffer −51.1% Strike $88.62
Today $220.00▲ +23.6% CAP
GS target $234▲ +23.6% CAP
NBIS −20% $176.80▲ +23.6% CAP
NBIS −50% $110.50▲ +23.6% CAP
XS3218808510
Outperf 150% · 29 Dec 2026
+27.5%▲ CAP
+$27,513
BE $133.71 Buffer −39.2% Strike $80.55
Today $220.00▲ +27.5% CAP
GS target $200▲ +27.5% CAP
NBIS −20% $176.80▲ +27.5% CAP
NBIS −40% $132.60▼ −1.0%
📌 Scenario Insights
●At current price $220.00, both products show +21% to +28% profit at maturity — both at maximum redemption cap.
●At NBIS −20% ($177), 7756 stays capped at +21.4%; 8510 also stays capped at +27.5% (BE $133.71 still well below).
●Breakevens at $108–$134 — buffers of −39.2% to −51.1% from today's price.
●7756 has the deepest buffer (−51.1%) — stays capped even at NBIS −20%. 8510 has the highest discount (−21.6%) and profit at maturity.
Company Overview: Nebius Group (NBIS)
NASDAQ · AI Infra
▼
Nebius Group N.V. (NASDAQ: NBIS) is a global AI infrastructure company headquartered in Amsterdam, spun off from Yandex's international operations in 2024. The company provides GPU-as-a-Service, full-stack AI lifecycle management, and proprietary high-performance networking ("Nebius Fabric"). Nebius operates 170 MW of active GPU capacity with ~2 GW contracted.
HQ
Amsterdam
Sector
AI Cloud Infra
Listed
NASDAQ
Q4'25 Revenue
$227.7M
'26 Guidance
$3.0–3.4B
Capex '26
$16–20B
Key Clients
Meta, Microsoft
NVIDIA
$2B invest
Capacity
170MW / ~2GW
In March 2026, Meta signed a landmark $27B multi-year contract with Nebius, followed by a $19.4B Microsoft deal. NVIDIA invested $2B for a strategic stake. Q4 2025 revenue was $227.7M (+500% YoY), with 2026 guidance of $3.0–3.4B.
NBIS Price — Key Levels
Today
$220.00
+145.7% YTD
YTD Start
$89.95
2 Jan 2026
52-Week Low
$20.72
+576% · 21 Apr 2025
52-Week High
$220.00
Today · 22 May 2026
Key Catalysts
2 Sep 2025 — NVIDIA $2B investment
5 Mar 2026 — Meta $27B contract
16 Mar 2026 — Microsoft $19.4B deal
Analyst Ratings
5/7 BUY · Median $240
Analyst Firm Target Upside Rating Date
Alex PlattD.A. Davidson——HOLD18 May 26
Alexander D.Goldman Sachs$205 › $234+6.40%BUY15 May 26
Nehal ChokshiNorthland Sec.$248+12.76%BUY15 May 26
Tyler RadkeCiti$169 › $287+30.50%BUY14 May 26
Josh BaerMorgan Stanley$126 › $144−34.52%HOLD14 May 26
Gregory P Mi.Citizens JMP$175 › $270+22.77%BUY14 May 26
Tal LianiBofA$205 › $240+9.13%BUY13 May 26
Consensus: 5/7 analysts rate BUY (1 downgrade to Hold on 18 May). Median target ~$240. Citi highest at $287 (+30.5% from $220.00). All strikes ($80–89) are 50–65% below consensus target.
Summary
Both products capped at max redemption, priced 19–22% below theoretical value. Profit at maturity +24% to +28%. Buffers −39.2% to −51.1% from $220.00. At NBIS −20%, both stay capped: 7756 +23.6%, 8510 +27.5%. Limited secondary-market availability — act now.
Prepared by Blanc Wealth Management · @blanc_charts
Disclaimer: For informational purposes only. Not investment advice. Based on NBIS $220.00 (22 May 2026) and term sheet conditions. Structured products carry capital loss risk. Analyst data sourced from public filings and market data providers.