SG offers won hedged indexes for Korean autocall clients
Local currency benchmarks cut forex hedging cost for clients and boost yields, bank says
Korean retail structured product dealers have always faced a currency risk problem: the products are denominated in won, but are linked to baskets of offshore indexes that settle in a range of currencies. Societe Generale believes it has found a way to sidestep this risk and possibly boost yields, in a bid to tempt back investors left jittery about recent stock market falls.
The French bank, in
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