Italian retail market heats up

Merrill Lynch has launched the first temperature-linked certificate for the Italian retail market. The new two-year euro-denominated certificate offers an annual return based on the average annual temperature at Rome's Ciampino airport. The investment product is 100% principal-protected and offers a temperature-contingent coupon of up to 16% annually.

The certificate starts to pay out at an average annual temperature of 16.38 degsC, with the coupon rising linearly, to a cap of 16% at an average

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here