Product Snapshot: CA to deliver mid-FX rates via US inflation
Credite Agricole corporate & investment bank (CIB) has launched the Inflation Linked Certificates - 26/04/2024, the first ever US dollar-denominated inflation product in Italy linked to the US CPI Urban Consumers NSA first ever. The capital protected structure offers a fixed annual coupon of 3.35% and a participation of 100% in the rise of the underlying at maturity. The bank has been focusing in offering dollar denominated solutions since 2014 to respond to demand from clients, according to Gian Luigi Pedemonte, head of private & retail bank distribution for the structuring team in Italy, Credit Agricole IB.
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