An innovative barrier
BNP Paribas has launched an annual kickout structured product that offers a 7% coupon on early termination as well as an innovative barrier mechanism. The Athena Gap is a five-year product based on the Eurostoxx 50 that does not protect principal at maturity
BNP Paribas has issued Athena Gap, a five-year kickout product tied to the performance of the Eurostoxx 50 index that includes an unusual barrier mechanism and a potential 7% coupon (not compounded) per annum. If the index level on any of the anniversaries is equal to or higher than the initial level, the product will kick out and investors will receive the full return of their capital and a 7% coupon for each year the product has been held. If kickout does not occur and the barrier is not
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