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
The week on Risk.net, July 7-13, 2018Receive this by email