In this week’s wrap we look at a selection of structured products with strike dates between 29 September and 5 October 2024.
Kepler Cheuvreux distributed K Taux+ Septembre 2024 in France. The 12-year Phoenix autocallable note is linked to the 10-year Euribor swap rate . The product pays a one-off fixed coupon of 5.0% on 30 September 2025. The following years, a conditional coupon of 5.0% is paid if the reference price of the underlying asset is equal to or below the coupon barrier level of 2.90% on the annual valuation date. Additionally, if the underlying is at or below the autocall level of 2.20% on any annual valua