ING offers Middle East exposure; launches reverse exchangeable note in Brazil

ING Bank has launched a Middle East Access Note which provides exposure to four funds focused on the Middle East. The bank has also launched a USD Worst Of Barrier Reverse Exchangeable Note linked to three Brazilian shares.

The five-year 90% principal protected Middle East note is linked to an equally weighted basket of funds comprising the JP Morgan Middle East Equity Fund, Global GCC Large Cap Fund, the Ocean Fund – Equities Mena Opportunities and the Schroder ISF Middle East Fund. The note, which is listed on the Euronext Amsterdam exchange, offers a 100% participation in the performance of an actively managed portfolio. The principal is initially fully invested in the four funds, however if volatility increases

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