Product wrap: J.P. Morgan launches new prop offering in the US

EUROPE Wilgenhaege collaborated with Société Générale for the launch of a five-year Athena autocall on the shares of Adidas and Volkswagen in the Netherlands. The product is subject to annual early redemption if both shares close at or above their initial price on the valuation date. In that case, it offers 100% capital return, plus a coupon of 21% for each year that has passed. At maturity, if neither share has fallen below 70% of its strike level, the product offer