Product wrap: Leonteq/EFG offer monthly coupon on 50% barrier

EUROPE BNP Paribas Fortis collected €3m with the Coupon Note Select Dividend 2025 in Belgium. Every year, the product offers a coupon equal to 100% of the annual performance of the Eurostoxx Select Dividend 30 Index, subject to a maximum coupon of 4.75% pa. If the annual performance is negative, no coupon is paid. The issue price of 101% includes a one off structuring cost of 1.80%, and a recurring cost of 0.20% pa. There is also an entry fee of one percent, which is not included in the is