Product wrap: SG note tracks Morningstar fund in Portugal

EUROPE Banque Populaire Gestion Privée is distributing Almagra in France. The product has a tenor of eight-years and pays a capital return of 140% at maturity, providing the underlying Euronext Core Europe 30 EW Decrement 5% NR index closes at or above its strike level on December 10 2027. The product is issued via Natixis and there is an annual fee of 2.5%. Erste Group Bank is marketing the second tranche of the Garant Note Global Low Carbon II 2019-2023 in Austria and Hungary. The pro