Product wrap: LCL sticks to Eurostoxx for latest autocall

EUROPE LCL Emissions   issued   LCL Autocall AV (Nov 2021)   in France. The six-year medium-term note (MTN) is linked to the   Eurostoxx 50 , which is used by the bank for the vast majority of its structured products. It redeems early, after two or four years, if the index closes at or above its initial level on the valuation date. In that case, it offers 100% capital return plus a coupon of 4.5% for each year elapsed. At maturity, the capital return is capped at 127%. Capit