Product wrap: Deutsche cashes in on BNPP water sector fund

EUROPE Deutsche Bank collected US$15.9m with Fund Opportunity Coupon USD 2030 in Belgium. The nine-year, capital-protected medium-term note (MTN) is denominated in US dollars and issued on the paper of Credit Suisse. It offers a yearly coupon equal to the annualised performance of the BNP Paribas Funds Aqua Classic Fund , subject to a maximum of four percent pa. The underlying fund invests at all times at least 75% of its assets in equities issued by companies that carry out their business in t