Product wrap: BMO tracks Raymond James fund-based prop play in the US

EUROPE IW Bank raised €2.1m in Italy with its Standard Long Autocallable Digital Certificate on a basket comprising the shares of Safran and Orange. The product has a maximum term of four years and pays a monthly coupon of €5.31 if both shares close above 65% of their strike level on the valuation date. The product is listed in Luxembourg. A placement commission of 3.6% applies and Banca IMI (the issuer) receives a fee of 0.45% of the nominal amount in relation to the maintenance of t