Product wrap: Cypriot manufacturer targets Russian investors with Dublin-listed note

EUROPE Broker Credit Services (BCS) , a Cyprus-based manufacturer of structured products which derives a significant portion of its revenue from Russian investors, has issued Series 111 USD Share Linked Note . The 3.25-year autocall is linked to a basket of six stocks and pays an annual memory coupon of 6.25% providing the worst performing share closes at or above 85% of its strike on the valuation date. If the worst performing share closes at or above 75% or 65%, respectively, the memory coupo