BNP Paribas launches autocallable fund in France

The payoff at the fund’s four year maturity is equal to 100% participation in this performance. At the end of the second year, if the index average of the first eight quarters is at or above 6%, then the fund matures and the investor receives a fixed coupon of 14%.

Subscription to the fund is open until November 28, or until November 21 in a life insurance wrapper. The bank is also selling Flamenco PEA (plan d’epargnes en actions), which wraps the fund in a tax-efficient personal equity savin

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