Exane's evolution


French broker and asset manager Exane has launched its latest product, Capital Evolution. Structured by BNP Paribas, Capital Evolution is an income product linked to a basket of 40 international stocks from the UK, US, Japan, Holland, France, Luxembourg, Germany, Belgium, Italy and Finland. An annual coupon is paid of 6% plus the average annualised performance of the 20 worst performing shares since the strike.

The product runs for eight years and the coupon is floored at 6% for the first four

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