Product wrap: French wealth manager launches 10-year MTN with daily autocall feature

EUROPE French wealth manager Astoria Finance collaborated with Natixis for the launch of Euro Quotidien Octobre 2019 . The 10-year medium-term note (MTN) can be redeemed daily – from the end of the first year onwards – if the underlying CAC Large 60 Ewer Index closes above 98% of its starting level. In that case it offers 100% capital return plus a pro-rated coupon of six percent per year elapsed. The product is listed in Luxembourg and an annual commission of up to one percent appl