The average offered coupon reached 8.1% during the first 10 months of 2023 with products linked to a worst-of basket of stocks the most generous.

An estimated €34 billion (US$37 billion) was collected from 4,254 structured products that struck in France during the first 10 months of 2023 – up 32% by sales volume compared to the same period in 2022. The highest average coupon, at 10% pa, was attached to products linked to a worst-of basket of stocks, which captured a 3.5% share of the market in 10M2023 Although the increase in sales volumes was largely fuelled by a higher rates environment allowing for the comeback of capita