Commerzbank certificate targets Italian retail market

Commerzbank Corporates & Markets has launched its first structured product aimed at retail investors in Italy. The Twin Win five-year certificate allows investors to gain from increases in the S&P/MIB index, and in some cases to profit from falls too.

When the certificate matures, if the index is lower than the starting level but has never traded at or below the barrier level of 60%, holders will receive the nominal value plus the negative performance after it is reverted into a positive

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