SRPInsight PRODUCT WRAP
a coupon of 10% for each year elapsed. At maturity, capital is preserved providing both indices close at or above 65%. Otherwise, the investor participates 1:1 in the worst performing index. Costs and charges for managing, marketing and administering the plan are approximately 1.14%. The product is listed in London. Priips SRI: five out of seven. Van Lanschot Kempen launched the Trigger Note Eurozone Dividend 22-27 in the Netherlands. The five-year autocall is linked to the performance of the Eurostoxx Select Dividend 30 Index. It is redeemed early, annually, if the index closes at or above its initial level on the validation date. In that case, it offers 100% capital return, plus a coupon of minimum 11% for each year that has passed. An American barrier of 60% applies at maturity. The one-off entry cost is expected to be 1.50% of the aggregate nominal amount, which is embedded in the structure of the notes and will therefore not be charged to investors separately. The product is not listed. Priips SRI: five out of seven. Banque Populaire marketed Ambition Durable N°5 in France. The 10-year product is linked to the iEdge ESG Transatlantic Water EW 50 Decrement 5% NTR Index. After four years of investment, if the index is at or above 115% of its starting level, the product is autocalled for a capital return of 120%. At maturity, the product offers 100% participation in the index, subject to an overall maximum return of 140% and an overall minimum return of 90%. The product is a green bond issued by Natixis, which will use the proceeds to finance the construction and renovation of buildings with a low environmental footprint. It is listed at Euronext Paris. Priips SRI: two out of seven.
Alexandria teamed up with Barclays for Fortum 3x Booster 2 in Finland. The five-year MTN is linked to the share of Fortum Oyj, a Finnish state-owned energy company. At maturity, if the share is at or above 70% of its initial level, the product offers 100% capital return, plus 300% of the rise in the share, capped at 70%. Otherwise, the investor participates 1:1 in the fall. The product is listed at Euronext Dublin. The issue price includes a commission of five percent. Priips SRI: six out of seven. DZ Bank issued Memory Express SD ST Airbag 3 22/29 on the MSCI World SRI Sustainable Select 3.5% Decrement (EUR) Index in Germany. The seven-year certificate offers an annual memory coupon of 3.50% if the index closes at or above 77% of its initial level on the validation date. It is subject to annual early redemption. It has a step-down autocall barrier, which starts at 100% in year one, and subsequently decreases by three percent per year. The product can be traded on the exchanges of Frankfurt and Stuttgart. There is a one-off entrance fee of 3.30%. Priips SRI: six out of seven.
NORTH AMERICA Citigroup Global Markets collected US$3.4m with its 2.5-year market-linked securities on the proprietary Citi Dynamic Asset Selector 5 ER Index in the US. Index exposure is allocated to one of three possible hypothetical investment portfolios, each consisting of varying degrees of exposure to S&P 500 Futures Excess Return Index and S&P 10-Year US Treasury Note Futures
Americas: top 10 issuer group by issuance - 20 Mar 2022 to 16 Apr 2022*
J.P. Morgan Morgan Stanley UBS Citi Goldman Sachs BMO Financial Toronto Dominion Bank Credit Suisse HSBC National Bank of Canada 0 *Excluding flow- and leverage products
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Source: StructuredRetailProducts.com
www.structuredretailproducts.com
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