Beware the breaches

Product description

The iShares series of funds are popular underlyings in the US and frequently used instead of the actual index they are tracking. The iShares MSCI Emerging Markets Index Fund is used more frequently as an underlying for structured products than the index which it aims to track.

The final level of the fund is defined at the closing level on the final day of investment. If this is above the initial level, investors receive returns linked to the performance of the underlying. If

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